The Situation

The Financial Conversation Nobody Has

Most families discuss a parent's financial situation for the first time during a crisis: a health event, cognitive decline, or the discovery of financial decisions that can no longer be managed independently. These conversations are harder, the options are narrower, and the financial impact is larger when the planning didn't happen earlier.

The conversation about a parent's finances is uncomfortable before a crisis. After a crisis, it is also urgent, expensive, and irreversible.

— Worthune Decision Framework

• You have aging parents but have never had an explicit conversation about their financial situation, wishes, and plans
• You're uncertain whether your parents have long-term care insurance, adequate savings, or estate documents in place
• You haven't modeled what financial caregiving might cost you personally or how it would affect your own financial trajectory