Reply to How do I/should I talk to my mom about money and sibling issues?

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[quote=Anonymous][quote=Anonymous]Op, it's likely that she has no idea about the importance of trust funding.   Financial advisor here.  I talk to wealthy people all the time who inadvertently have asset titling mistakes that need to be fixed.

+1. We are going through this now. DH has actually taken time off work to make sure that everything is titled correctly, in the name of the trust with both him and his brother as trustees. DH's mom was putting major accounts in one child's name or the other because she believed it would make things easier if they needed to access the money in case of emergency, without realizing the implications. If OP can work with both her mother and brother to resolve this, it will be better. Posters on here often say that it is up to the parents to decide how to leave their money, but dementia/alzheimer's have slowly robbed my in-laws of their critical thinking skills and at some point it is better if the children can step in and help manage and make decisions. It wasn't like there was one day when suddenly they need help, it has been a long slow, and sad decline.
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