6 Tips To Aging Parents About Their Retirement and Finances

A worried Internet forum member asked about planning for a family member's death, especially as they age.

These are some great suggestions on the needed paperwork and the details you must include when discussing estate planning with your family.

A commenter discussed how their mother-in-law's excellent planning ensured the state would quickly transfer her estate to her designated heirs. She included all her essential legal documents like her birth certificate, social security info, and marriage and divorce paperwork.

1. Good Planning

2. Know The Details

You have to ask your relatives for the passwords for their home computers, laptops, email, and all other critical online accounts.

Several people had an issue with not having the necessary password access when a person died. This idea is a potential solution to that issue that could make parents feel more secure in passing those secrets on at the proper time.

3. Access to Online Accounts

Security technology on cell phones has grown by leaps and bounds. Our phones are much more secure than they used to be, which is good but presents a problem to estate planning.

4. Cell Phones Are Important

This option gives the parents total control, and they can designate executors and put their children in charge in an order that makes sense to them.

5. Be Prepared With A Will and Trust

This person's story highlights the importance of getting this information in case your parents need that help. Children can help their parents with decisions about medical care when they may not be coherent enough to do it themselves.

6. Be Aware of Your Parent's Insurance Policies

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