Discussing finances can often be an uncomfortable conversation, especially when it involves your parents and their financial situation. Initiating this dialogue early is crucial to express wishes and establish plans for unforeseen circumstances that may result in a sudden shift in their lifestyle. You want to avoid making significant financial decisions during a difficult time—especially if you’ve taken on the role of a caregiver.
However, many times, there may not be a specific triggering event; the shift can be gradual as age advances. One day, you may notice that your parents forgot to pay a utility bill or detect unusual changes in their spending habits. Similarly, your involvement may gradually increase, starting with helping them simplify their financial accounts.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.