If you’re worried that your parents haven’t done their estate planning yet, it may be wise to bring it up. This can be an awkward conversation, but it’s also a very important one to have.
After all, if they pass away without an estate plan, that can cause a lot of confusion for you and your siblings. It could also increase the odds that you experience an estate dispute. Beyond that, being involved with the estate planning process yourself can help things go smoother when that plan actually gets put into place.
But none of that happens if you don’t bring this up and talk to them about it. How can you do this in a natural way so that it doesn’t feel awkward or like you want your inheritance as soon as possible?
It may help to start your own plan
There are a few ways to do this, and you usually want to focus on asking questions or talking about non-financial assets. This shows that you’re not just trying to get your parents’ money or anything of this nature.
One easy way to do this is simply to make your own estate plan. Not only will you learn a lot about the documents that you need to use, but then you can talk about them in an organic way with your parents. They’ll see that you’re not just trying to get their money, but rather discussing something that’s been an important part of your life. This could spur them to make their own plan so that everything goes well for you and your family.
If you are involved in this process, it’s wise to take the time to carefully consider all of your legal options. There are many facets to estate planning, and you can find something that fits your goals.