This is an excerpt from an article first published on MyWalletHero. Read the full article here.
If you’re wondering how to talk to your ageing parents about finances, you’re not alone. Research commissioned by Lloyds Bank has found that over 50% of Brits have a hard time talking about finances. For many, money is more taboo than sex, religion and politics.
And while money is a difficult subject to approach at any time, it becomes even more difficult when it involves ageing relatives. As uncomfortable as it might be, however, don’t put off talking to your parents about their finances. Approached properly, it’s a conversation that can be productive and liberating.