THE FAMILY FINANCIAL TALK: QUICK-ACTION CHECKLIST
USE THIS LIST TO ASSESS YOUR READINESS—AND IDENTIFY YOUR NEXT STEP.
Organization & Preparation
Clarity & Communication
Financial Plan Ownership
Named a power of attorney and created a healthcare proxy
Defined core financial values and retirement goals
Reviewed my retirement income and withdrawal strategy with my advisor Completed a stress-test on my plan across health, longevity, and market scenarios Know how my financial plan works with (but isn’t dependent on) outside legal or tax professionals Have a single point of contact for my plan, investments, and legacy conversations
Outlined my estate plan and stored it in an accessible location
Shared those intentions with my adult children
Shared contact info for my financial advisor, CPA, and attorney
Had an open discussion about what, if anything, I plan to pass on
My family knows where to find key documents (digitally or physically)
My family understands that financial support comes with boundaries
Risk & Red Flags
Ongoing Dialogue
Understand the emotional risks of lending money to family Set clear expectations and boundaries around financial gifts or support Discussed my expectations in case of health decline, relocation, or emergencies
HOW DID YOU DO?
Had at least one recent financial planning conversation with my adult children Scheduled a regular time to revisit or update the conversation
If this list made you pause, that’s your sign to act. Don’t wait for a crisis to figure it out. You’ve done the hard work of building wealth—now protect it with clarity.
Created a shared file or digital vault for family planning resources
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