1. Before the talk.
a. Prepare to address everything that happens before you sit down in the room for the Money Talk. This includes answers to the what, who, where, when, and how questions.
b. Identify the catalyst for the discussion. This gets back to identifying the transition point you are experiencing in your life.
c. Know and understand the goals and objectives that you want to achieve with the conversation. Be clear about what you want for yourself, for others, and for the relationships involved.
d. Document all your questions and concerns to help guide you through the process and ensure that you tackle each issue.
e. Work with your financial advisor, your estate attorney, and your accountant to identify ...