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Mike
Carruthers:
It's inevitable that parents grow old, require more care, and
eventually die. And the vast majority of elderly parents and their
baby boomer children are completely unprepared for that.
Dan Taylor:
What happens is you get the phone
call in the middle of the night that dad's walking down the street
in his pajamas trying to give away the dog and mom's cooking eggs
on the front lawn and then you have to figure out what you are
going to do and you don't have the documents, don't have the authority,
you don't know where the assets are, but you have to spring to
action.
Dan Taylor, author
of the book The
Parent Care Conversation, says it's important for children
to talk to their elderly parents about what will happen should
they become ill. Where their important documents are and where
their assets are.
The goal of this
talk is to let your parents design their care future instead
of letting them default and you default to a situation that
neither party has planned for. You see, this is not a situation
that we have the option of dealing with. We either have to deal
with this situation with our parents or as parents either by
design or default.
A lot of elderly
parents will go to great lengths to avoid this conversation.
It's just not something they want to talk about, and unfortunately
most people never have this conversation.
But the fact
of the matter is if you don't have this conversation, you get
to have lots of unpleasant conversations because of it.
Tomorrow, how
to make this tough conversation one of the best conversations
you'll ever have. I'm Mike Carruthers and that's Something You
Should Know.
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