Estate Planning: Families & Talking

Organizing your affairs -- and inspiring your parents to organize theirs.

FAMILIES & TALKING
By LIZ PULLIAM WESTON
Baby boomers and their aging parents often shy away from discussions about money, estate planning and health care.

FAMILIES & TALKING
By LIZ PULLIAM WESTON
Here's an example of a letter that can get the discussion going. It can be sent by adult children to their parents, or vice versa:

FAMILIES & TALKING
By LIZ PULLIAM WESTON
There still are steps you can take to lessen the impact or even the likelihood of future problems

FAMILIES & TALKING
By LIZ PULLIAM WESTON
Taking over widowed mother's finances proved much more difficult than expected.

FAMILIES & TALKING
By LIZ PULLIAM WESTON
"Family incentive trusts" can give kids both money and a reason to achieve.

FAMILIES & TALKING
By LIZ PULLIAM WESTON
They allow parents to distribute assets -- but not control.

FAMILIES & TALKING
By KATHY M. KRISTOF
When a spouse or parent becomes unable to handle financial affairs, legal safeguards could turn into roadblocks.