“Mom, Dad… do you have an estate plan?”
It’s a question that can stop you mid-sentence—but in today’s world, not asking could cost your family peace of mind, time, and thousands of dollars.
If you’re part of the sandwich generation—balancing your kids’ needs while supporting your aging parents—now is the time to make sure your parents’ future is secure. Estate planning isn’t just for the wealthy; it’s for every family that values clarity, protection, and legacy.
Why This Conversation Can’t Wait
Talking about wills, money, or medical wishes may feel uncomfortable, but it’s an act of love. Without a proper plan, families can face unnecessary court delays, legal fees, and emotional stress. The truth? Having this conversation today can save your parents—and you—from chaos tomorrow.
Key Areas to Discuss with Your Parents
1. Their Team of Advisors
Ask your parents to list their trusted professionals: attorney, financial advisor, insurance agent, and doctors. Even if they prefer to keep details private, knowing where to find that list when needed can make all the difference.
2. Will or Trust
Find out if your parents have a will or a revocable living trust. If they do, confirm who’s in charge and where the originals are stored. If they don’t, it’s time to connect them with an estate planning attorney who can help create or update their documents before it’s too late.
3. Medical Directives
Ensure your parents have a living will and medical power of attorney. These empower someone they trust to make medical decisions if they can’t. Encourage open discussions about life support, treatment preferences, and quality of life.
4. Insurance and Financial Accounts
Ask if they’ve organized details on life, health, and long-term care policies. They should also maintain a list of bank, investment, and retirement accounts, along with a financial power of attorney—so trusted hands can manage funds when necessary.
Avoiding this talk doesn’t avoid the consequences. Without a plan, even simple matters can turn into complex court battles. With professional guidance, your parents can protect their wishes, their assets, and the people they love.
Start the conversation today—it’s one of the greatest gifts you can give your family.
Kierman Law can help you make that first step easier
Schedule your consultation now to ensure your parents’ legacy is protected.
Call (480) 719-7333 or visit us at www.kiermanlaw.com