12 Questions You Ask Your Aging Parents (Especially if They Own Real Estate)

In Episode 90 of the Real Life Planning Podcast, Cynthia Meyer, CFP®, CFA®, ChFC® shares a practical framework for having important conversations with aging parents before an emergency forces them. Drawing from personal experience and years of financial planning work with families, she walks through twelve essential questions that can help adult children understand their parents’ wishes, financial structure, and real estate operations.“These conversations can feel uncomfortable, but they are one of the most meaningful gifts you can give your family.” — Cynthia MeyerThis week on Real Life Planning Podcast:💡What should you ask your parents about how they want to live as they age? [00:04:08]💡Where are your parents’ estate planning documents and who prepared them? [00:04:49]💡Who has financial and healthcare power of attorney if something happens? [00:06:03]💡What should you know about your parents’ rental properties and real estate business? [00:10:42]💡Who are the professional advisors and what support plans exist for later in life? [00:13:36]Takeaway Quotes:“Families spend years talking about growing wealth but often avoid talking about what happens later in life.” — Cynthia Meyer“Knowing your parents’ wishes ahead of time helps you make decisions with confidence during difficult moments.” — Cynthia MeyerConnect with Real Life Planning:FacebookLinkedInBigger PocketsXInstagramPinterestEmail: [email protected]  The ReaL Life Planning Podcast  is for educational purposes only. None of the information discussed is intended as investment, tax, accounting, or legal advice, nor as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, real property, or other securities or non-securities offering. Real Life Planning, LLC is an Investment Advisor registered with the States of New Jersey, New York, Texas, Virginia, and California. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or completeness of, any description of securities, markets or developments mentioned. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, REALLIFEPLANNING.COM.