In the second of our two-part series on families and money, Samantha Jarvey of Heritage Financial Strategies is back to discuss the harder side of the conversation - talking to your parents.

Estate planning is a difficult topic to broach because, well frankly, nobody wants to think about their own demise. Also, parents often feel they should be supporting their kids, not the other way around. But there are some important conversations you should be having with mom and dad while they are still in good physical and mental health.

You want to cover estate planning, but also living wills, medical and legal power of attorney. What are their wishes if they are unable to speak up for themselves? As we've seen with COVID, you never know what can happen.

There are also a number of scammers out there. And they love to target the elderly. They may pose as a government organization like the IRS or police department. Some sick individuals even pretend to have kidnapped your family members! They use fear and other tactics to manipulate their victims. Don't fall for it. The government won't ask you for money over the phone without contacting you via mail first. And no legitimate entity will ask you for gift cards. If you're unsure, you can always contact the Heritage Team to help.

Contact Sam or anyone on the Heritage Financial Strategies team:

HeritageFinancialAZ.com

480-397-1184

Sam's email: Sam.Jarvey@heritageaz.com