Lesson 11

Demystify legal documents

This lesson describes an often ignored financial concept to teach your children: legal documents, such as wills and health care proxies. Although this lesson is an uncomfortable topic to discuss, it is another vital financial literacy lesson for you to teach your kids.

1) READ THE CHAPTER

For information and a deeper dive into having money talks with your kids. Read the chapter with relevant financial literature to give you a sufficient foundation on the topic. Order your copy of the book below.

2) LISTEN TO THE PODCAST

Listen to this lesson’s episode where I’ll walk you through the questions to ask your kids during the conversation as well as the likely responses you’ll hear from them.

3) SEND THE TIKTOK

Send this video to your child, so you can set the stage for the topic you’ll be discussing, in a language they understand.

4) HAVE THE MONEY CONVERSATION

Using your printed one-page conversation guide and enjoy the dialogue with your family to get them financially launched. Now’s the time to discuss and start the conversation.

Total Cents Podcast Lesson 11 Demystify Legal Documents

Additional Lesson Resources

Books
  • Family Wealth: Keeping It In the Family (Hughes)
  • Family: The Compact Among Generations (Hughes)
Financial Literature (FinLit)
Other

Back to top of the page