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Discussing future plans and wishes with elderly parents

Nov 18, 2021 | Estate Planning And Probate Law

It can be uncomfortable to discuss what will happen after a Texas family member passes away, but this is a necessary conversation. It is particularly important for adult children to discuss estate plans with elderly parents in order to fully understand their wishes and objectives for the future. This can help prevent problems, confusion and even potential disputes that may arise after one or both parents pass away.

Why these conversations are necessary

People are often uncomfortable to discuss their own mortality or the possibility that their parents will pass away at some point. However, the future is unpredictable, and discussing plans with older parents is useful for many reasons. This conversation can accomplish the following:

  • Help children understand their parents’ desires and objectives for their estate
  • Establish who the parents want as caretaker if unable to care for themselves
  • Allow family members to understand plans in case of incapacitation
  • Provide an understanding of how certain assets should be handled

Plans should be outlined in up-to-date estate planning documents, but this discussion can eliminate confusion and give everyone an understanding of what to expect in the future.

A solid estate plan

In order to create the best and most effective estate plan, it will be helpful to work with an experienced attorney. Estate planning can be a complex process, and having experienced guidance can prove beneficial. Whether their parents already have estate plans or will be creating plans, Texas children should take the time to discuss these important matters with their parents as soon as possible.