How to Financially Prepare for the Death of a Parent

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Author's Note: How to Financially Prepare for the Death of a Parent

In addition to the fact that most of us don't want to have this conversation, it turns out this can be a time-consuming project in conversation, estate planning and execution. While this article focuses on the important information and documentation needed to prepare for the death of a parent, my overwhelming takeaway is that if you begin early, it may (potentially) reduce everyone's stress, and may (potentially) be a family task that helps your parent-child relationship evolve. And the less you need to worry about crossing Ts and dotting Is during the grieving process, the better.

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  • Fuscaldo, Donna. "Adult Children and their Parents Aren't Talking About Money...and That's Bad." FOXBusiness. July 17, 2014. (Nov. 23, 2014)
  • Matthews, Christopher. "6 Steps for Building a Financial Plan for Aging Parents." Time. June 1, 2012. (Nov. 23, 2014)
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