In South Dakota, what are six important financial issues that you should discuss with your aging parents?

Talking with your aging parents about their current and future financial issues is never easy.  However, in making any estate planning decisions, you should discuss:

1.  bank accounts;

2.  mortgages;

3.  loans;

4.  credit card accounts;

5.  life insurance policies; and

6.  ownership documents (regarding houses, cars, and other assets).

Once you receive this information, you will be able to know how you are going to be able to care for your parents long-term. It is a good idea that once you have discussed these topics that you then seek the advice of an attorney or financial planner.

Brooke Swier Schloss
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Family Law and Estate Planning attorney helping families across South Dakota plan and protect their loved ones