MINT HILL, NC – Mother’s Day has almost arrived, so you may want to give Mom flowers or candy. But is there a gift that can make a longer-term difference in her life?
Actually, there is – the gift of knowledge for her financial future.
To be specific, you may be able to help your mother in two key areas: long-term care and estate planning.
You don’t need any expertise in either of these topics. But you can let your mother know that the cost of long-term care, such as a stay in a nursing home, can be significant – and could impact her financial independence. And without a comprehensive estate plan, she might not be able to leave the type of inheritance she had envisioned.
So, you can help your mother by steering her toward a financial professional, who can suggest long-term care solutions, and a legal professional, who can help with her estate planning.
Offering this support can help keep Mom in a good place in life – and that’s a pretty valuable gift.
If you have any questions, please contact me at (980) 859-2549 or by e-mail at Brandon.Monette@edwardjones.com
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.