Appointments Available: Monday-Friday 8:00am-5:00pm, Saturday By Appointment Only
Appointments Available: Monday-Friday 8:00am-5:00pm, Saturday By Appointment Only
816-640-8635   |  913-215-9811

News

Make Estate Plans for Parents with Declining Health

Did you know that only 42% of Americans have a will? It seems like many people devote more time to planning a vacation, selecting a car, or even picking a restaurant for dinner than they do to estate planning.

Will planning is the process of identifying who will inherit an individual’s property when they die. It may not be as exciting as planning a vacation or browsing restaurants, but who wants to die knowing that the right person won’t get all their possessions?

Talking about estate plans for parents might be a tough subject. We understand that you don’t want to think about the day they will no longer be here. However, having this conversation is important because not creating an estate plan can result in their wishes not being met.

Why Talk to Your Parents About Estate Planning

Talk to your parents about the advantages of estate planning, including peace of mind, excellent long-term care, relieving the burden on the family, saving money, and so on. They may be surprised to hear the benefits. Ask them to make a decision while they still can.

How to Help Your Parents Get Their Estate in Order?

It is usual for parents to reach a stage in their lives where they need help managing their finances. It would be best if you began making estate plans for parents as soon as possible to avoid financial difficulties in the future. Ensure to include all the siblings in the conversation to eliminate the possibility of a dispute.

Why Do You Need an Attorney for Estate Planning?

Once your parents reach the age of adulthood, they should hire an estate planning attorney to form wills and trusts to protect possessions. A partner, friend, or colleague cannot carry out their wishes once they are gone unless documented in a legal estate plan. The older we get, the more critical it becomes to join hands with an estate planning lawyer.

Other latest news

aging

Caring for Aging Parents Checklist

Do you take care of your aging parents or are you planning to visit your aging parents over the holidays?  That’s great! Below you will find a checklist for caring for aging parents. Be sure to look for warning signs

Read More
Aging Parents

Identifying Signs of Aging Parents

An estimated 43 Million people move out of their home state every year, either for employment opportunities, personal moves, or military and government relocation. This means millions of Americans are leaving behind their aging parent or loved one. As parents

Read More

Accessibility Toolbar