Have you ever taken the time to discuss retirement or estate planning with your parents? If you haven’t yet had the conversation, you’re not alone. Most people are often reluctant to have difficult discussions with their loved ones about their final affairs.
With so many millennials pushing 40, it’s time to have some hard conversations with your parents. Be patient and avoid conflict and questions by hiring an attorney who specializes in estate planning, wills, trusts, probate, and powers of attorney. Estate planning early can save money later.
Here are some tips on how to get the difficult conversation started:
Tips to Smooth Estate Planning
Keep the focus on your parents: Remember to keep the focus on your parents. Involve everyone in the family, and listen to your parents’ wishes. Let them know that the conversation is to benefit them, and reassure them it’s to help everyone feel more comfortable and at ease.
Communicate clearly: Talking about money often makes people feel nervous. The key is to validate the other person’s values and needs. You don’t need to plan every detail in one day. Feel free to share your estate planning research and ideas with your parents. While this may seem uncomfortable for some of you, imagine how your parents feel about having a conversation like this with their children.
Don’t procrastinate: Even though estate planning is an essential part of creating a plan for your future, procrastination often stops people from starting. However, you don’t have to conquer this daunting task alone. It will probably help ease everyone’s mind to seek the help of an expert.
Reach out to our team for an appointment where you and your family will receive a personalized consultation with one of our many licensed lawyers. As Colorado estate planning professionals, we understand state laws and are capable of guiding you through the next steps.