overwhelming and appear threatening. If you have siblings, select one—perhaps the oldest, most financially knowledgeable, or one with whom your parent(s) may feel most comfortable—to lead the way. Remember, this is about your parent's money, not about yours or your children's. Be Sensitive. To some extent, our financial lives influence how
we view ourselves as independent human beings. For many, old age is a time of coping with a series of physical and emotional losses: hearing, eyesight, mobility, memory, as well as friendships. With any conversation about money, be sensitive to the fears and con- cerns your parents may harbor about their possible loss of control or independence. Break the Ice Skillfully. A subtle opening could involve an an- ecdotal story about a person you know in common, a news article found in the daily paper, or even about yourself. • I need help with my will. Who did you use? • How's Aunt Mary doing since Uncle Joe passed away? • Have you seen the new Social Security statements? • What was it like for your parents during the Great Depres-
sion?
• Did you watch that TV special on hospitals last week? Start Slowly. Don't commence a dialogue during a crisis situa-
tion or try to resolve all details in one meeting. Raise questions that your parents can consider for a follow-up conversation. "I'll stop by
for coffee next week, and we can continue our talk. Maybe you'll have those papers by then?" Your parents may actually enjoy the attention. After several infor-
mal conversations, you may want to consider the help of a financial professional. For more information, contact the National Council on Aging (www.ncoa.org) and AARP (www.aarp.org). ■
For More Information If you would like to learn more, please contact Sandee Smith or Harrison Hill at 816-932-7800. You can also email sandra.j.smith@mssb.com or harrison.p.hill@mssb.com
The author(s) and/or publication are neither employees of nor affiliated with
Morgan Stanley Smith Barney LLC ("MSSB"). By providing this third party publi- cation, we are not implying an affiliation, sponsorship, endorsement, approval, in- vestigation, verification or monitoring by MSSB of any information contained in the publication.
The opinions expressed by the authors are solely their own and do not necessar-
ily reflect those of MSSB. The information and data in the article or publication has been obtained from sources outside of MSSB and MSSB makes no representa- tions or guarantees as to the accuracy or completeness of information or data from sources outside of MSSB. Neither the information provided nor any opinion ex- pressed constitutes a solicitation by MSSB with respect to the purchase or sale of any security, investment, strategy or product that may be mentioned. Article written by McGraw Hill and provided courtesy of Morgan Stanley Smith
Barney Financial Advisor Sandee Smith and Harrison Hill. Morgan Stanley Smith Barney LLC. Member SIPC. © 2011 McGraw-Hill Financial Communications. All rights reserved. March 2011 (2011-PS-242)
www.stma.org
SportsTurf 35