My parents are in their 60s and retired. My dad has taken over all aspects of their finances since retirement. My dad is very vague or secretive about their financial situation and my mom seems to be clueless. In conversations I have asked her how much retirement they have and where accounts are, etc, and she brushes off my inquiries. I know that they do not have a lot of money. My dad is not doing well. He has been vague about what is going on, but it sounds like COPD, which is grim. I need to have a conversation with them, but I don't know where to start. I assume my mom is in the dark on their finances. What does she need to know and what needs to be documented to ensure she won't have issues accessing money if my dad were to pass away? Is there anything I should do so I can be of better help if she were to suddenly be widowed? Like, add my name to accounts our their home, etc? Thank you in advance for any advice!
Submitted December 06, 2020 at 10:26PM by palkdog https://ift.tt/3qH1j8P
