Happy Easter

As I spend an Easter Holiday with family, I realize that holidays are such a good time to consider how our loved ones are faring and if they might need any special assistance. If a parent might seem to be having some trouble keeping up with his or her personal finances or just seems a little more forgetful than usual, then it might be a good idea to begin thinking about putting a personal financial security system in place (with tools such as a revocable living trust or durable power of attorney).

It is important to note that any such steps are best taken with the full support of all parties involved (including siblings). Having a frank and open discussion at the outset can go a long way to preventing suspicion and angst later that may derail any attempts to help.