Demystify legal documents
This lesson describes an often ignored financial concept: legal documents: legal documents (i.e. wills, health care proxies, contracts, etc.). 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.
Additional Lesson Resources
- Family Wealth: Keeping It In the Family (Hughes)
- Family: The Compact Among Generations (Hughes)
Financial Literature (FinLit)
- VOYA: Article on Estate Planning https://www.voya.com/article/estate-planning