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We’re all used to mom and dad having serious talks with us. But how do we turn the tables and have that all-important talk with our parents about their own financial lives as they get older? On this episode of Teach Me How to Money, financial columnist Cameron Huddleston gives us advice about how to tackle one of the hardest money topics there is—the financial future of your parents, and why we have to do it.

Jargon Hack

What is a Power of Attorney?

Power of Attorney

A legal document that authorizes one person to take over for another person if that person is unable to perform daily decision-making functions, often related to money and property, due to old age or mental incapacity.

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Cameron Huddleston is the author of “Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.” She is also an award-winning journalist with more than 17 years of experience writing about personal finance.

 

 

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