Estate planning is often regarded as an issue better left untouched. Broaching the topic of death is understandably difficult for some people. Despite how it sounds, however, there are positives to discussing estate planning as a family.
What Is Estate Planning?
Generally speaking, an estate plan is a legal document outlining the distribution of money and possessions of the person who died. More than that, an estate plan represents a family’s legacy and its passing from one generation to the next.
Certain issues can interfere with the family’s ability to manage a healthy discussion, however. Family members may worry that bringing up estate planning may convey negative motives. For example, an adult child may feel guilty asking a parent about estate planning for fear of appearing in a rush to receive the inheritance. Likewise, a parent may experience reluctance if the inheritance will not be divided equally among the children. These additional worries compound the overall difficulty some family members have in talking about the topic.
When to Talk About Estate Planning
The right time and place are important aspects to consider when bringing up estate planning with family. Special family events, such as dinner or a birthday party, are probably not the best times to start this conversation. Wait for an opportunity to present itself where it can be brought up naturally as in a discussion on planning for the future.
If that moment seems impossible to find, then create one. When the moment feels right, a parent or adult child can approach the other to begin talking about what to expect in regards to handling the estate. Keep the tone loving and sensitive. This topic may trigger strong emotions, but clarify that the process will be easier if it is managed by the whole family and that everyone’s input is valuable.
What Should Be Discussed?
Once the topic has been opened up for discussion, make sure to talk about as many details as possible. The more that is understood about the estate plan now, the less complicated matters will be following the loved one’s death. This is the time to address the reasons behind the decisions regarding the division of the inheritance or other concerns about finances.
The conversation should also touch on circumstances that may warrant revisions to the document. All involved family members need to know where to access the estate plan as well as any other legal documents that may be necessary to locate. Once the specifics are discussed and understood, families may experience a renewed sense of closeness and appreciation for each other and can return their focus back to more enjoyable activities, such as spending time together and making memories.
If you are ready to create an estate plan, seek the professional services of attorney Andrew M. Lamkin. Proficient in estate planning, Andrew M. Lamkin has the experience to guide you through the process and is just a phone call away. Call today or fill out our contact form in order to get more information.