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Explains the most effective ways to discuss the legal and financial
responsibilities that come with the end of life and tools for
managing them—such as wills, trusts, estate planning, and cash
management—in the context of financial psychology. Dying is
complicated. It presents myriad challenges at a time when people
are least prepared to deal with complexity. Typically, aging people
turn to their adult children and grandchildren, their caregivers,
and their professional advisors to guide them in their final years.
This book is aimed directly at the children and grandchildren of
aging parents to prepare them for meaningful conversations with
their parents and among themselves. It gives them the tools they
need to communicate knowledgeably with caregivers and professional
advisors and to make important decisions with, or on behalf of,
those who depend on them. The authors provide legal and financial
tools and techniques, including wills and trusts, cash management,
and investment planning, approaching each from both a financial and
a psychological perspective. They recognize that some of the
challenges that people face during their last few years of life
cannot be controlled and describe not only what these tools and
techniques can do but also what they can't. Those that cannot be
controlled, however, can still be managed, and the authors explain
with clarity and compassion how to deal with them through
psychological and spiritual engagement.
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