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Can We Talk? A Financial Guide for Baby Boomers Assisting Their Elderly Parents
- August 24th, 2018
Local Elder Law Attorneys in Ashburn, VA
The Estate Planning & Elder Law Firm PC
Bill founded The Estate Planning & Elder Law Firm, P.C. in 1994. Bill limits his practice to the areas of estate planning and administration, incapacity planning, Medicaid, asset protection planning, and elder law. He is one of (15) fifteen attorneys practicing in Virginia, Maryland and the District of Columbia, ce...
Hale Ball Carlson Baumgartner Murphy PLC
Jean Galloway Ball is certified in Elder Law by the National Elder Law Foundation. She is a 1977 honors graduate of the National Law Center, George Washington University, and she did her undergraduate work at the University of California at Berkeley, graduating Phi Beta Kappa in 1971. She is admitted to practice in Vir...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Robert Mauterstock Jr. Can We Talk? A Financial Guide for Baby Boomers Assisting Their Elderly Parents. Soar with Eagles. Rogers, AR. 2008. 131 pages.
$20 from Amazon (click on book to order).
Although talking to your parents about money can be difficult, not discussing finances now could mean more problems and conflicts later. Can We Talk? is a practical guide to working with your parents to make financial plans and preserve legacies while you both still have the luxury of time.
Written by certified financial planner Bob Mauterstock, Can We Talk? provides step-by-step advice on setting up a family meeting with your parents to review finances. Mauterstock explains how to arrange a meeting without causing conflict, who to involve in the meeting, and what should be discussed. He also includes a case study of a family meeting so readers can get a feel for the issues that may arise.
In addition to describing the family meeting, Mauterstock explains what estate planning documents your parents need, various options for houses and real estate, how to invest money, long-term care options (including a discussion of Medicaid), and leaving money to charity, among other things.
The final third of the book is what Mauterstock calls a "Lifefolio" -- a series of forms to be filled out by you or your parents that allows you to gather in one location important information, such as where assets are located, your parents' personal history, and their wishes for care.
Can We Talk? is a short, easy-to-read guide that is full of useful information and tools to help ensure your parents are taken care of financially.
Last Modified: 08/24/2018