Estate Planning How To Talk To Your Parents Theodore Alatsas

Estate Planning How To Talk To Your Parents Theodore Alatsas Talking to your parents about estate planning can be challenging. even broaching the subject of estate planning with our parents can seem challenging for most people. despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents. Our brooklyn estate planning attorney theodore alatsas can create your estate plan or update your existing documents to ensure they still fit your needs. our firm is conveniently located for residents of brooklyn, queens, and staten island. our ground floor office is handicapped accessible with a subway stop and two bus lines nearby.

How To Talk To Your Parents About Estate Planning Theodore Al Estate planning isn’t just about divvying up property, though. mom and dad also need to plan ahead for health changes while they are still alive. putting together advance directives and planning for covering expensive long term care costs should also be included as part of the estate planning process. in particular, your parents need to:. For example, a parent may give their agent the authority to do one or more of the following: pay bills and provide financial support to your family. handle real estate and personal property such as vehicles, household items, etc. manage bank accounts and investments such as stocks, bonds, commodities, and options. manage their business interests. A will is a key estate planning document that provides a roadmap for you and any siblings you may have. by talking about this in advance, you and your family will be able to make a plan for managing your finances in the future. plus, if your parent don't have a will or trust, the probate court will appoint someone to handle your parent’s affairs. Put your parents at the heart of the discussion. you may be curious about your parents’ estate plans for many reasons, and those reasons are likely valid. but if you want to get your parents talking, you’ll need to approach the conversation with a focus on their point of view. “as people age, there are generally two things that are really.

Addressing Estate Planning With Your Parents Theodore Alatsas A will is a key estate planning document that provides a roadmap for you and any siblings you may have. by talking about this in advance, you and your family will be able to make a plan for managing your finances in the future. plus, if your parent don't have a will or trust, the probate court will appoint someone to handle your parent’s affairs. Put your parents at the heart of the discussion. you may be curious about your parents’ estate plans for many reasons, and those reasons are likely valid. but if you want to get your parents talking, you’ll need to approach the conversation with a focus on their point of view. “as people age, there are generally two things that are really. Before you talk about estate planning, get your plan in shape clarify what you want your estate plan to include before you sit down with your family. you may be wealthy enough to need estate. Theodore alatsas, esq. is the founder of the alatsas law firm and the developer of the firm’s 3 pillars of protection – our mission to preserve your assets, provide you help, and protect your future focusing in three separate, and related, areas of law – divorce and family, elder law & estate planning, and consumer bankruptcy.