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The upcoming holidays present a wonderful opportunity to have important conversations with your family about many things, including topics such as healthcare planning, funeral planning, and who will get what.
In this episode, J Barry Watts helps you understand how you bring these topics up to aging parents while the whole family is around. It’s important that these conversations happen before parents pass away or are unable to have them. Barry shares tips on how to start having these conversations, and the types of questions you should be asking.
Barry discusses:
- Tips to start having these types of conversations
- Why you should keep asking questions
- Why you should ask to see your parents’ investment accounts, and the importance of establishing Transfer on Death on their accounts.
- The importance of having your beneficiaries down instead of leaving things through a will
- And more
Related: 12 Advisor Conversation Starters for Holiday Parties