MINT HILL, NC Mothers 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 dont 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 thats 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.
See the rest here:
Here's a Long-Lasting Mother's Day gift - Mint Hill Times
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