Naperville Lawyer Discusses Talking to Your Adult Children About Your Estate Plans

adult children, Naperville estate planning lawyerEstate planning is unlike any other area of the law in that it deals directly with the issue of death. It can be extremely hard to talk to family members about what will happen to your wealth and assets after you pass away. Although it is a challenging conversation to have, going over your will and other estate plans with children and other family members is one of the kindest things you can do for them.

As an estate planning lawyer, I realize that adult children left clueless about their parents’ estate plans are often completely confused and overwhelmed when their parents die. Being unprepared for the legal processes they face makes their grieving process even more difficult. If you have decided that it is time to talk to your family about your end-of-life and estate plans, keep the following pieces of advice in mind.

Be Upfront and Concise

Talking about your will or other estate plans with family can be awkward to say the least. When family politics or animosity exists between family members, it can be even harder to have a productive discussion about estate plans. In order to minimize the amount of confusion and drama in the conversation, it may be best to get straight to the point. Excessive off-topic conversation can quickly turn into arguments or tears during an emotionally-heated discussion such as this.

Consider Your Children’s Opinions and Thoughts, but Stay True to Your Own Desires

You have worked hard to accumulate the wealth you have. It is only fair that you decide how that wealth is distributed among your heirs. When discussing your estate plans with your family, it is understandable that they may have their own thoughts and opinions about your plans. Of course, it is up to you to decide how much consideration you give to these thoughts. Before talking to others about your estate plans it may be best to decide what, if anything, you are willing to change. Be open to the ideas of your loved ones but keep in mind that the decisions are ultimately yours alone.

Consult with a Professional

Although there are many websites which claim to offer estate planning guidance at a low price, the only way to guarantee that your estate plans are solid is to consult with a licensed attorney. Wills, trusts, and other estate planning documents must meet certain requirements to be legally-binding. By having an estate planning attorney guiding your decision making, you avoid making mistakes which could nullify your estate plans.

Schedule an Appointment With a DuPage County Wills and Trusts Lawyer

Contact a practiced Naperville estate planning attorney for help with wills, trusts, and all other elements of your estate plan. Call 630-756-1160 to schedule your confidential consultation at The Gierach Law Firm today.

 

Sources:

American Funds

AARP