Ensuring a Secure Future for Your Loved Ones

Expressing gratitude and celebrating our loved ones should be a daily practice, not confined to a single occasion. As our loved ones age, they may require assistance to maintain a productive, healthy, and organized life. If you find yourself concerned about your parent’s long-term care or the fate of their estate, it’s crucial to help them create an estate plan.

Here’s how you can provide your loved one with peace of mind by assisting them in estate planning:

1. Have an open discussion.

Undoubtedly, your parents had several important talks with you while you were growing up.
Now, it’s your turn to sit down with them and discuss important topics such as:

• Do they have a documented will, living will, or power of attorney? Do their existing documents
  need updating?
• Who will be making end-of-life medical decisions on their behalf?What are their final wishes, and who should carry them out?
• How do they want assets distributed?
• How would they like the process managed?

If you’re hesitant about talking to your parents or loved ones about estate planning, it is likely that they have already been thinking about it. Maybe they need clarification about how to begin
the estate planning process or how to even bring up the subject with their loved ones without upsetting them. You might actually be lifting a weight off their shoulders by bringing up the topic instead of leaving it to your parents.

Help get your parents’ affairs in order.

Gather a list of the following:

• Mom and Dad’s sources of income
• Outstanding mortgage balances
• Banking and asset info
• Insurance policies and details
• Their medical history and health concerns
• Is there a current financial advisor, accountant, or tax professional they have been using? If so, what is their contact information?

Then, we recommend you consult with a professional who can help you maximize their assets and efficiently manage their estate. Working with a probate attorney can help you set up an
inheritance and tax plan, so you don’t have to pay more taxes than you need, and you get access to all assets in a timely and less complicated fashion.

Show your parents how much they mean to you and how much you appreciate all they have done for you by helping them make a plan. The attorneys at Easy Estate Probate are here to help you, your parents, and other loved ones through the estate and probate journey. We’ll use our extensive knowledge and experience to help protect Mom and Dad’s assets, minimize tax liability and ensure a more secure future for them, you, and your family. Click here to book a FREE case evaluation today!