Thanksgiving is a time to give thanks for our loved ones and all that we have. It can also be a good time to start a conversation about estate planning. Estate planning is the process of creating a plan for how your assets will be distributed after you die. It also includes making decisions about who will make decisions on your behalf if you become incapacitated.
Why talk to your family about estate planning during Thanksgiving?
Thanksgiving is a time when families are typically gathered together. This makes it a good opportunity to have a conversation about estate planning with your loved ones. You can use the opportunity to share your wishes for your estate and to answer any questions that they may have.
How to start the conversation
It can be difficult to start a conversation about estate planning, especially with family members. Here are a few tips:
- Start by telling your family members that you are grateful for them and for the time that you have spent together.
- Explain that you are interested in creating an estate plan to protect your family and your assets.
- Let your family members know that you are open to their questions and input.
Topics to discuss
Here are some topics that you may want to discuss with your family members when talking about estate planning:
- Who do you want to make decisions on your behalf if you become incapacitated?
- How do you want your assets to be distributed after you die?
- Are there any specific heirlooms or other items that you want to go to specific family members?
- Who do you want to be the executor of your estate?
Be patient and understanding
Some family members may not be ready to discuss estate planning, especially during Thanksgiving. Be patient and understanding. You can always try to have the conversation again at a later time.
Contact an estate planning attorney
If you have any questions or concerns about estate planning, you should contact an estate planning attorney. An estate planning attorney can help you create a plan that meets your individual needs and goals.
Talking to your family about estate planning can be a difficult conversation, but it is important to have. By having this conversation, you can ensure that your family knows your wishes and that they are prepared to make decisions on your behalf if needed.