It can be uncomfortable to bring up the subject of estate planning with your parents, but it is important not to put off the conversation hoping it will eventually get easier. Delaying a discussion about planning for incapacity and death too long could mean waiting until it is too late for them to engage in effective planning. It can help to frame the conversation as a practical one, stating that you want to make sure their wishes are honored and that they have taken necessary steps to make that happen.
Encourage your parents to think about and document the following:
Sometimes, parents are uncomfortable discussing the details of their estates with their children. Of course, that’s their right – they do not need to share more than they are comfortable sharing. But you should encourage them to talk to an estate planning attorney who can help them evaluate their options and make decisions that will make the process of managing their affairs easier and less costly when they die, or if they become unable to make their own decisions during their lifetimes.
To learn more about our team of experts and their ability to tailor a comprehensive estate plan for you, contact The Estate Planning & Legacy Law Center today!