3 Tips On Talking To Your Kids About Your Estate Plan

  • Estate Planning
3 tips on talking to your kids about your estate plan | estate and probate legal group

It’s wonderful that you have an estate plan in place, but you must also tell your children about it. Talking about death and finances are both difficult discussions and having both at once is even more difficult. Talking with your children now will prevent confusion and sibling fights later. In the past, adults didn’t discuss such things with their children, but with all that’s included, it’s important to find a way to talk to your kids about your estate plan.

What Is An Estate Plan?

An estate plan includes all documents that will help you retire and live comfortably into your end years and plans for taking care of the loved ones you left behind. It can include:

You spent many years building your estate plan and ensuring it all works together (coordinating your benefits). Now it’s time to talk to your children and tell them what to expect if something happens to you.

Talking To Your Kids About Your Estate Plan

It may not be easy, but it needs to be done. Actually, talking to your children about your estate plan won’t be so hard if you’re prepared. We want to help by giving you some tips.

3 tips about talking to your kids about your estate plans:

  1. Be prepared. They will be more nervous if you are nervous. Have a list ready of everything that is included in your estate plan, such as
    • documents included
    • personal property
    • health care wishes
    • inheritance
    • debt
    • each person’s responsibilities
  2. Have the discussion early and often. Once your children are used to hearing you talk about adult subjects with them, they are more likely to listen.
  3. Be upfront and inclusive. Tell them exactly what your final wishes are instead of giving a vague description. Tell them who you want to be the executor of the will or trust and why. This will help stop any confusing questions after you pass away.

It won’t be easy at first, but having an open discussion with your children regarding your estate plan is important. Answer all questions honestly, and let them be sad. But then end on a happy note, perhaps ice cream as a reward!

Having an experienced estate planning attorney on your side can also help in talking to your kids about your estate plan. We will make sure you have everything in order and understand each component of the plan. When you understand the plan, explaining it to your children is easier.

Oak Brook Estate Planning Attorney

Call us for more information on setting up an estate plan that works. Contact one of our lawyers today and schedule an appointment at 630-864-5835. We will review all aspects of your plan and ensure you understand everything.

AREAS WE SERVE: DuPage, Kane, Lake and Will counties.