Having an estate plan can answer many questions for family members when their loved one passes or becomes incapacitated. That’s why many people write healthcare directives, assign power of attorney, and tend to other aspects of estate planning. If your aging parent hasn’t discussed their estate plan with you, below are tips to start a dialogue about this delicate topic. 

Mention Your Plans

Aging parents might not think to discuss financial matters and other sensitive issues with their adult children. To make your aging loved ones more comfortable discussing how they want their estate managed and assets divided, start by discussing your own long-term plans. Mention that your estate lawyer said it’s best to alert others of the plans you’ve made, as it will avoid confusion later. This can be used as a segue to ask about your parents’ wishes.

Ask Your Parents for Guidance

If you don’t have an estate plan, mention this to your parents. Let them know you want to start the process and ask whether they have any advice. You can ask what’s included in their estate plan, as it will give you a better idea of what arrangements you’ll want to make for yourself.

Talk About How Opening Up Benefits the Family

When adult children and other relatives aren’t aware of their loved ones’ wishes, it can lead to issues when dividing the inheritance among beneficiaries later. Let your parents know that having an open, honest conversation about their wishes will benefit everyone in your family. Doing so could prevent a lengthy probate process due to contesting wills and other disputes. 

While estate planning, it’s best to consult with the lawyers at Estep & Estep in Tazewell, TN. They can draft wills, create trusts, and take additional initiatives to protect your assets and safeguard your family’s future. Assisting clients in Claiborne County since 1953, the attorneys are knowledgeable in Tennessee’s estate and probate laws and will make sure your legal documents meet state requirements and are upheld in court. See a complete list of practice areas online and call (423) 626-3525 to discuss estate planning.