You know that you need to talk to your parents about estate planning, but for one reason or the next you’ve yet to take action. Like many people, you’re procrastinating because you don’t know what to say or how to say it.
While there’s no right or wrong way to talk to your parents about estate planning – as it’s based largely on your relationship – there are some things you can do to improve the likelihood of connecting in a manner that puts all of you at ease.
Here are three tips that can help:
- Schedule a time and place to talk: By doing this, you give your parents the time they need to prepare for the conversation. This is much better than springing it on them at the worst possible time, such as when you’re enjoying a nice dinner together.
- Share your honest feelings: This is where things often take a turn for the worse. If you’re trying to hide something from your parents, it’ll eventually come out. Not to mention the fact that it can make you appear suspicious. An open and honest conversation is a must.
- Speak and listen: Yes, you have a lot that you want to share, however, you should also listen. After all, your parents don’t have any obligation to discuss estate planning with you. Give them the respect of hearing them out.
It’s your hope that everything works out as planned during the first conversation, but this doesn’t always happen. Should you run into challenges, don’t be afraid to close down the discussion and ask your parents if they want to revisit it in the future.
If your parents need help with estate planning, share our contact information with them. We’re happy to answer their questions and provide them with the guidance and advice they need.
- An Irrevocable Trust Need Not Be Scary - May 30, 2023
- Don’t Procrastinate: Five Reasons To Plan Your Estate Now - May 25, 2023
- Estate Planning for Parents With Children in College - May 24, 2023
