Your parents should enjoy their money as long as they can and do with it as they see fit. This is why it is important to have a conversation with them to ensure that they live out their lives without financial worries and that their estate-planning wishes are followed. Although the prospect of talking about Georgia estate planning with your parents may make you want to run in the opposite direction, it is not as painful as you may think. What’s worse is ignoring the topic only to find out when it’s too late that your parents did not have an effective estate plan in place.
One of the best things you can do for yourself and your parents is to bring up their estate matters, memorial wishes, and living wills. Although it may be weird to discuss end-of-life decisions, your family will be better off to know your parents’ wishes. Some of the things you can discuss or ask your parents include:
- Their feelings about life support and their end-of-life medical decisions.
- If they have living wills and powers of attorney.
- If they have a last will and testament and if it has been updated to reflect their current wishes.
- If they hold their assets in revocable living trusts.
Even if your parents don’t want to discuss their estate planning with you, which is their right, you can at least ask them if they have an estate plan in place. If they don’t or haven’t completed their planning, suggest that they consult with a Georgia estate planning attorney. Shane Smith Law can help your family get their estate planning in order. Call an experienced Peachtree estate-planning lawyer today at (770) 487-8999.