Conversations can be tough, especially regarding sensitive issues like estate planning. Delicate topics like taking care of loved ones, if those loved ones would like to age in place or move in with a child sometime in the future, or what will happen to mom and dad's house, assets, or their business? There's not "one way" to get it right, and solutions depend on each unique family.
The reality is that a plan is best. What happens to you and your assets should be your choice, and putting that plan on paper ensures wishes are met.
We've put together five conversation starters to help you have a difficult conversation with loved ones. Whether it's over coffee in the morning watching the sun rise or while playing kickball in the backyard...there isn't going to be a perfect moment to bring up these topics. Choose to be brave, and begin.
1. "Have you and Mom/Dad ever discussed what their wishes are for the future, like healthcare or financial decisions, in case they’re not able to make those choices themselves?"
This opens a discussion about advance directives, living wills, and medical power of attorney.
2. "Do you know if Mom/Dad have any legal documents in place, like a will or trust, to ensure everything is handled the way they want?"
This can lead to a conversation about whether they have an up-to-date estate plan, will, or trust.
3. "As a family, have you thought about how to avoid potential conflicts or confusion down the road by having a clear plan in place?"
This introduces the importance of clear communication and estate planning to prevent disputes or misunderstandings.
4. "Have you ever considered what would happen to their assets and property if something were to happen to them? It might be helpful to have a discussion about what’s in place."
This raises the topic of asset distribution and the need for clear instructions.
5. "What do you think would be the best way for everyone to be on the same page when it comes to Mom/Dad’s estate planning and final wishes?"
This encourages a family-wide discussion on making sure everyone is informed and aligned with estate planning decisions.
Being home for the holidays is the perfect opportunity to have a tough conversation with parents and siblings. Give us a call today to set your plan in motion.
