Are you wondering if your parents have their estate and inheritance plans in order? Here’s help posing the right questions in a sensitive way.
- Could you tell me where you keep your important papers at home, in case I need to find them?
- Have you made an inventory of your property, including furniture, jewelry, art and other collectibles?
- Is there anything I can do to help get your important documents in order?
- Have you named someone to make financial decisions for you if you are no longer able to make those decisions yourself?
- Do you have a living will or a health care power of attorney?
- How do you feel about long-term care, if you need help later on?
- Who are your key advisors: attorneys, financial consultants, accountants and insurance specialists?
- Have you thought about making a charitable gift through your estate to support causes you believe in and to save on taxes?
- Would you like to talk with me about your final wishes or funeral arrangements so I can make sure I know what to do?
- Is there anything else you’d like us to discuss?
These questions will not only ensure that your parents have a good handle on their estate planning, but should also encourage you to put your own estate plan in order.