How do I talk to my elderly parents about estate planning?
Talking to elderly parents about estate planning can be a difficult conversation to have, but it's an important one to ensure that their wishes are met, and their assets are protected. Here are some tips to help you approach the conversation:
Choose the right time and place: Estate planning is a sensitive topic, so choose a time and place where your parents will be comfortable and have time to discuss the issue without feeling rushed or pressured.
Show respect and empathy: It's important to approach the conversation with respect and empathy for your parents' feelings and wishes. Acknowledge that the topic may be difficult, but that it's important to have a plan in place.
Focus on their goals: Start by asking your parents about their goals for their estate and their wishes for their assets. This can help to frame the conversation in a positive and productive way. Remember, it is their estate, and they may decide to not leave anything to you.
Offer your help: Offer to help your parents with the estate planning process but be careful to not unduly influence their decision making.
Be patient: Estate planning can be a lengthy and complex process, and it may take time for your parents to come to a decision. Be patient and supportive throughout the process.
Remember that estate planning is a personal decision, and your parents may have their own reasons for delaying or avoiding the conversation. Be patient, respectful, and empathetic, and focus on the positive benefits of having a plan in place to protect their assets and ensure their wishes are met.
