it's time to be an adult when it comes to talking to your kids about your
At the core of proper planning is the understanding that there’s simply
no time like the present; it’s the only time to ensure the future, to make your
intentions known. Proper estate planning means doing just that.
The importance of the present
was the topic of a recent Wall Street Journal
article, aptly titled, “Speak for Yourself, While You Can.”
What are some of the most
important issues to discuss? Start by communicating our wishes about health
care, end-of-life choices, and funeral preferences. Be sure to address your
finances, any plans you have made to finance long-term nursing care (like
insurance policies, etc.), and what to do about the family home.
Despite our natural reluctance
to talk about these matters, now is simply the best time to actually lay out
your plans and discuss them with your family. Open communication and your personal
guidance can often avoid future family squabbles.
So what is so important, both to
you and your family, that it simply cannot wait?
Reference: The Wall Street
Journal (August 11, 2012) “Speak
for Yourself, While You Can”