Estate planning. How to start the conversation.

Most of us have heard the old saying that it’s not proper to discuss politics or religion at dinner table. Times have certainly changed, haven’t they?! Dinner table conversations are usually packed with what was once considered improper. However, there are still topics that even the most close-knit families seem to shy away from, death and money. And we can understand why.

So, what is the best way to start the conversation with your family about estate planning?

Whether you’re preparing to talk to your adult children about your plans, or your an adult children who wants to bring estate planning up with your parents, we have a few tips.

Choose a comfortable setting to have the conversation.

Out to dinner in public might not be the best space to start the conversation about estate planning. Not because we anticipate any family members turning to hysterics, we’re hoping to help that not be the case. It’s easier to talk about something uncomfortable or scary when you feel safe and familiar with your surroundings.

Talk about how important it is to have a plan.

You or your parent has probably worked very hard in their life, and whether that’s resulted in a little or a lot of money and assets doesn’t matter as much as your family having control over what is there. When no will is established the state law dictates what happens to someone’s assets once they have passed on. You or your parent will feel better knowing your family decided what to do, not the state.

Furthermore, when a parent passes and there is no plan it often sends the family into a scramble. During a time when your family is already processing so much, having a solid plan for the estate will create a framework and manageable steps for the remaining family members. This is allow the family to grieve and celebrate the life of their loved one instead of focusing on a pile of stress.

During a time when your family is already processing so much, having a solid plan for the estate will create a framework and manageable steps for your family members.

Be a good listener.

As is true in all difficult conversations, being a good listener is vital. Let your family members share their concerns, and feel their feelings. If a family member finds the topic upsetting, you can help by staying calm yourself.

Come prepared.

We can help you show up with information on estate planning and the benefits.

  • Assures all assets are passed on to your loved ones.
  • Eases the stress and strain on your family.
  • Prevents family conflicts from arising about the estate after one’s passing.
  • Minimizes taxes and expenses.
  • Protects young children by making sure what is set aside for them is not otherwise distributed.

When you’re ready, we can help.

When you’re ready to have the conversation, having an expert an email or phone call away can be extremely helpful. Please reach out to our warm and knowledgable staff and we would be honored to guide your family through this important process.

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