Both Hubby and I were very fortunate that our parents were totally open with us about their finances and set up revocable trusts with their children as co-trustees. That meant there were no worries about their financial situation while they were alive and easy execution of their estates - or so far easy in terms of my FIL's as it is not done but progressing as anticipated.
They never asked about our finances though so we felt free to talk to them without judgement and we have tried to follow the same pattern with our sons. As a result it all gets talked about with no drama.
This weekend was no exception. My newly married 47 year old son and DIL asked how we organized our finances (joint accounts or separate) and how we tracked and budgeted for our household. They are quite experienced tracking their investments in rental properties and their side business but are looking at how, or if, to totally merge their personal finances. Since my since son organizes and processes information pretty much the same way I do, it was nice to be able to share the Excel spreadsheet I set up for tracking income and expenses and have used and tweaked for years. That led to a discussion of how much we are needing to live on and how we have our savings invested now that we are both retired and on Medicare.
I do love this ongoing openness and sharing.
I know not all families can sit and have a calm and interested discussion of these things and feel really blessed with both my son's maturity, sense of responsibility and calm emotional states when it comes to money. I'll take a tiny smidgen of credit for that, but it really is all to their credit as they have both deliberately created the lives they want and their way of dealing with others to match their values, personalities and goals. Thank goodness they are also care about our well-being financial and otherwise.
Lots to be thankful for this Thanksgiving weekend.
I hope you are feeling loved and thankful too.