SCARY MONEY TASKS TO TACKLE NOW

There are some things no one wants to think about until they have to, like caregiving for your parents as they age and figuring out what happens to your finances when you die. But planning for these events now can spare you and your loved ones a lot of hassle later on.

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The first step is to simply talk about the inevitable.

“Think about the people you care about. Would your life be better if you never brought this subject up? Or would everyone’s lives improve if you did?” says Lauryn Williams, a certified financial planner and owner of Worth Winning, a Dallas-based financial planning firm.

“Getting the conversation going is a gamechanger for being able to tackle these topics,” she says.

OK, your death and your parents getting older don’t make for light dinner-table conversation. But there are ways to ease into each of these uncomfortable topics.

HOW TO HAVE THE CAREGIVING CONVERSATION

Millennials are currently the “sandwich generation,” says Frank Paré, a CFP and president and managing partner at PF Wealth Management Group in Oakland, California. That means they’re responsible for bringing up their kids while also thinking about how to care for aging parents.