upupandaway
Recycles dryer sheets
- Joined
- Jul 22, 2019
- Messages
- 139
I could use some advice on the topic of discussing financial matters with reluctant parents. I got done reading a thread on ER.ORG that contained many of the members well thought out plans for when they pass. The portion that got my attention the most was the discussions they have had with their children (of all ages) about what their wishes were and what they should do when that time comes.
My family has always been very conservative when it comes to discussing anything about money. It was a need to know situation and pretty much no one needed to know. This mentality was shared by my grandparents and their parents as well. They speak more with innuendos then actual direct conversations.
What prompted my question today is that recently my grandmother was moved to Hospice. During a conversation with my sister regarding planning in these situations she casually says, "Well Mom and Dad made you the Executor of their estate after you finished your MBA because they knew you had a knack for that sort of thing." They have never mentioned or discussed this with me and I obtained that degree over 5 years ago!!!
Is this normal for some families? If I approach them directly it will get awkward but I'm willing to do it. I could just leave it alone as well. That would be the path of least resistance. Anyway I look forward to any advice you have. Thanks
My family has always been very conservative when it comes to discussing anything about money. It was a need to know situation and pretty much no one needed to know. This mentality was shared by my grandparents and their parents as well. They speak more with innuendos then actual direct conversations.
What prompted my question today is that recently my grandmother was moved to Hospice. During a conversation with my sister regarding planning in these situations she casually says, "Well Mom and Dad made you the Executor of their estate after you finished your MBA because they knew you had a knack for that sort of thing." They have never mentioned or discussed this with me and I obtained that degree over 5 years ago!!!
Is this normal for some families? If I approach them directly it will get awkward but I'm willing to do it. I could just leave it alone as well. That would be the path of least resistance. Anyway I look forward to any advice you have. Thanks