Instinctively, you may feel uncomfortable having a conversation with your parents about their finances - it highlights the fact that your parents are ageing and are mortal. This will give you insight into their financial situation and may also be welcomed by them. There may a neighbour or relative whose lack of preparedness led to a difficult situation for their family. Strength in numbersIf your parents have a financial advisor, attorney or accountant, it can ease the burden, providing insight into their financial situation. If their financial situation is worse that you expected, raising this issue could bring a sense of relief to them.

Source: News 24 February 12, 2023 12:00 UTC