Estate planning is a crucial aspect of securing a family's financial future, yet it remains one of the most challenging conversations to have with parents. Many families avoid discussing this topic due to emotional discomfort, generational differences, and the fear of facing mortality. However, understanding how to talk to parents about estate planning can prevent future disputes, ensure their wishes are honored, and protect their legacy.
As we enter 2025, estate planning has evolved significantly due to changes in tax laws, digital asset management, and healthcare directives. This makes it even more important to have a well-structured discussion with parents before a crisis occurs. By approaching the conversation with empathy and preparation, you can guide your...