I help organize people’s lives for a living. But often I find my clients falling short, not in advising their families where to find the necessary documents but rather in explaining why certain decisions were made in instruments like wills and trusts and real estate distributions. This oversight (or copout) can be devastating to the family down the road.
—Carly, Certified Financial Planner
When you sit down with your kids to have the Other Talk, a number of key questions will likely come up. As a result, you will want to prepare yourself to address them intelligently and be able to discuss them at some length—questions like these:
Do your will or trust, living will, and powers of attorney (financial ...