As you age, so do your parents. And as that happens, you may begin to develop concerns about their estate plan.
While there’s nothing wrong with asking your parents about their estate plan, don’t become forceful. This can drive a stake between you, and that’s the last thing you want.
Instead, take the approach that you’re genuinely concerned about them and their future. This will lead you to ask a variety of questions, including but not limited to:
- Do you have an estate plan?
- When was the last time you reviewed your estate plan?
- Do you have reason to believe you need to modify your estate plan?
- Have you taken steps in regard to incapacity planning?
- Do you have a long-term care plan in place?
- Do you know what nursing home you want to stay at should the time come?
- Do you have a plan in place for paying for long-term care?
All of these questions are likely to lead you toward others. And as that happens, continue to provide as much feedback and support as possible.
Along with the above, don’t hesitate to point your parents toward an estate planning attorney who can better answer their questions and provide the guidance they require. Sometimes, this is all it takes to put their mind at ease.
Should you get the feeling that your parents are uncomfortable talking about their estate plan with you, step back and let them know that you’re available to help in the future should the time come.
At our law firm, we have many years of experience helping people of all ages with all aspects of estate planning. If your parents require any assistance, reach out to us to schedule a consultation. We’re happy to do whatever it takes to help them, all while providing peace of mind.
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- How to Begin the Estate Planning Process - November 7, 2020
