Page 10 - Jupiter Spotlight - December '21

Page 10, Jupiter Spotlight
Financial Focus

Don’t Avoid “Taboo” Topics • Financial goals – Focusing on the personal and financial working with a trusted advisor, such as an attorney or financial
professional, you could see if they’d be willing to have this person
aspects of the legacy your parents want to leave can be a
With Older Parents valuable conversation. Have your parents updated their will or participate in your talks. You might even be able to introduce
other arrangements, such as a living trust? Have they named a them to one of your advisors.
By Sally Sima Stahl financial power of attorney to make decisions on their behalf if In any case, keep talking. These conversations can be
If your parents are getting they become incapacitated? Do they have the proper beneficiary challenging, but, if handled correctly, can be of great benefit to
close to retirement age, or designations on their insurance policies and retirement plan your parents and your entire family.
are already retired, it may be accounts? If you can position these issues as being more about This article was written by Edward Jones for use by
time to talk with them about your parents’ control over their financial destiny, rather than “who your local Edward Jones Financial Advisor. Edward Jones.
financial and aging issues, will get what,” you’ll more likely have a productive conversation. Member SIPC.
some of which may involve • Last wishes – You’ll want to find out if your parents have Edward Jones, its employees and financial advisors are
difficult conversations. For left instructions in their will about their funerals and last wishes. not estate planners and cannot provide tax or legal advice.
the sake of everyone in your Express to them that you, or another close family member, should You should consult your estate-planning attorney or qualified
family, don’t avoid these know who is responsible for making sure their wishes are met. tax advisor regarding your situation.
“taboo” topics. Money, independence and aging can be sensitive topics. Call me for a free portfolio review at (561) 748-7600,
You’ll need to be careful Don’t think you have to go it alone – you can enlist help from Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
about approaching these subjects with your parents. another close family member. Or, if you know your parents are 106, Jupiter, FL 33458.
Mention ahead of time that you’d like to talk to them
understand their wishes, so their affairs will be taken care Marine Industries Kick Off Party
about their future plans and reassure them that you want to

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interpreted as your seeking information about your inheritance Christmas Boat Parade At 1000 North
not with what they want to do with their money – this could be

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build a broad-based discussion about their vision for their Report and Photos
aging years. A series of shorter conversations may allow you by Penny Sheltz
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• Health Care – You’ll want to learn if your parents have Restaurant to kick off
established the appropriate health-related legal documents the Palm Beach Holiday
– a health care power of attorney, which gives someone the Boat Parade with members
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• Independence – As people age, they may begin to lose unwrapped toys to donate to Association of Palm Beach
their independence. Have your parents considered any options the Marines’ Toys for Tots and County, welcomes sponsors Guests check in and bring a new, unwrapped toy to donate
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