Well, this could get awkward.
Your parents and grandparents are aging. (Duh.) You want to have a few important financial conversations with them. It’s time to get the answers to questions like:
“So … are you ready for retirement?”
“You’ve been retired for 10 years … how’s that going? How are your finances looking?”
“Do you have a will or legal trust? What’s your estate plan situation?”
“Do you have an advance health care directive?”
“To whom have you given your power of attorney?”
“What types of accounts do you have, and how can I — or someone whom you designate — access the passwords if and when the appropriate time comes?”
These financial conversations are important, but awkward. Most people would rather discuss the news, the weather, or the Kardashians.
