From AARP.ORG:
Your loved ones aren’t getting any younger, and the economy isn’t getting any better. The two trends might have something in common, and that’s why it is so important to help your family members organize their important financial documents, to learn more about their financial resources, and to help protect them against scams. What should you do to ensure the safety of your loved ones’ financial security?
Get Organized
First, you’ve got to know what they’ve got. But where to start? I can’t tell you how many adult children approach me and ask, “How can I possibly ask Mom and Dad about their finances without stirring up a hornet’s nest?”