Frank Degen Quotes on Children (3 Quotes)

There's no easy answer here. It's not like you can say (that) when the parent turns 72 they should automatically turn their finances over to their children.

One of the biggest problems I see these days is when the children feel they have a right to an inheritance and a lot of times they want to intervene on their parent's financial behalf before they are ready and willing to do that. I know a lot of lawyers who say the first thing they do is take the parents into a room and ask them if they are ready for this.

I would encourage the children to be open. Ask your parents in general terms if they want some help discussing it, or in setting up a meeting to talk about it with a professional.