Estate Planning: Tips for Every Age3 Tips for Estate Planning at Every Age:
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1) As a Grandparent: Reflect without Fear
Are you content with your plans? Do you feel you’ve properly communicated with your loved ones? This is your time to reflect. Consider final questions and changes knowing that it’s never to late to lay them on the table.
2) As a Parent: Tell the Kids
It’s important to keep your children informed. There’s no reason estate planning can’t be an ongoing conversation. It will prepare them, and you, for your passing.
3) As a Young Adult: Make a Fuss
Politely keep both parents on their toes — even if one says they’ve got everything taken care of. It’s important for you to pose questions, too. Expressing cross-generational needs is integral to creating plans that work for everyone.
More SevenPonds’ “Practical Tips”:
- Estate Planning After Death: The Questions to Ask
- Estate Planning: How can you ease the uncertainties that can arise with settling an estate?
- How to Avoid Procrastination in Estate Planning
First the Wealth Gap, Now the U.S. Has a Growing Health Gap
How to Comfort A Dying Loved One
