Money Matters with Aging Parents: How Financial Counselors Can Help

Talking about money with your aging parents can be fraught with emotions and miscommunications when assumptions are made by adult children and/or the parent has yet to come to terms with the aging process and potentially needing assistance in the future. In its various forms, ageism has shaped how individuals and societies plan (or not plan) for their futures. This presentation will address how financial counselors can assist their clients in having conversations with their family members about their finances with an emphasis on estate planning and long term care planning. This presentation will address how financial counselors can assist their clients in navigating financial decision making conversations with family members through activities such as active listening, role playing and scenarios. By advocating for a process that is trauma aware and participatory in nature, financial counselors can play an important role in familial financial wellbeing. 

Learning Objectives:
Participants will learn how ageism shapes financial conversations about retirement and long term care planning 
Participants will understand how their clients can use non-ageist language to improve communication about finances with their parents
Participants will be able to apply trauma aware principles and participatory guidelines through active listening, role playing and scenarios 

This class is approved by AFCPE for .5 continuing education credits and experience hour. Use this form to complete the quiz https://www.surveymonkey.com/r/Moneya...