[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/consider-having-the-talk-on-your-summer-vacation-greenwich-ct-white-plains-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/consider-having-the-talk-on-your-summer-vacation-greenwich-ct-white-plains-ny\/","headline":"Consider Having \u201cThe Talk\u201d On Your Summer Vacation","name":"Consider Having \u201cThe Talk\u201d On Your Summer Vacation","description":"There\u2019s never a good or easy time to talk with older parents about their finances and estate plans. But taking advantage of a relaxing moment \u2013well before problems arise \u2013 can improve the odds of success. If you are heading out for vacation with your elderly loves ones, you may picture some relaxing time by […]","datePublished":"2013-08-01","dateModified":"2024-03-20","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso, LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso, LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01901e7569ff.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b01901e7569ff.jpg","height":853,"width":1280},"url":"https:\/\/www.amorusolaw.com\/blog\/consider-having-the-talk-on-your-summer-vacation-greenwich-ct-white-plains-ny\/","about":["Dementia","Elder Law","Estate Planning","Family Business","Long Term Care","Medicaid Asset Protection Trust (MAPT)","Pet Planning","Small Business","Special Needs Planning","Succession Planning","Trusts"],"wordCount":316,"articleBody":"There\u2019s never a good or easy time to talk with older parents about their finances and estate plans. But taking advantage of a relaxing moment \u2013well before problems arise \u2013 can improve the odds of success.If you are heading out for vacation with your elderly loves ones, you may picture some relaxing time by the pool as opposed to a deep conversation about estate planning and finances. But when is a good time to bring up those touchy topics? Having \u201cthe talk\u201d while you are unwinding from the daily grind can be a good way to have an honest moment about where your family is with their estate plans.So, how do you get the conversation going? How do you initiate \u201cthe talk\u201d?Actually, every family and family dynamic is different. It really is more of an art than a science. Two recent sources of guidance come to us from The Wall Street Journal in an article titled \u201cHave ‘The Talk’ With Mom and Dad About Their Finances\u201d, and from MarketWatch in an article titled \u201cEstate planning at the beach house.\u201dBoth articles stress the need for respecting the dignity of aging parents and going slowly. In addition, talking about one\u2019s own morbidity and mortality is not on anyone\u2019s \u201ctop ten topics\u201d for casual conversation.It is difficult enough aging, let alone realizing that your own children are \u201cparenting\u201d you. Nevertheless, one of the best and least threatening conversation \u201cstarters\u201d is to share with your parents what you have done in your own estate planning and why. Be transparent with your parents.One conversation is often not enough; you have to keep the talk moving and ensure that everyone is on the same page and plans have been made.Reference:MarketWatch (July 15, 2013) \u201cEstate planning at the beach house\u201dThe Wall Street Journal (July 14, 2013) \u201cHave ‘The Talk’ With Mom and Dad About Their Finances\u201d"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Consider Having \u201cThe Talk\u201d On Your Summer Vacation","item":"https:\/\/www.amorusolaw.com\/blog\/consider-having-the-talk-on-your-summer-vacation-greenwich-ct-white-plains-ny\/#breadcrumbitem"}]}]