Law Offices of Connie Yi, PC
Tell Us About Your Case
888-312-6978
View Our Practice Areas

Considerations re having the estate planning “talk” with parents

Don’t exactly relish broaching the topic of estate planning with one or both of your parents?

Well, join the crowd. A recent Forbes article addressing that subject matter cites study findings indicating that most adult children “don’t feel it is their place to bring it up” with mom and/or dad. They prefer waiting for their parents to take the lead.

Here’s the thing, though: Reportedly, most parents don’t take that step forward. Forbes stresses that they often view money matters in starkly private terms and are “unwilling to share financial information with their adult children.”

That obviously spells impasse.

And it also breeds uncertainty and, potentially, adverse results down the road in the event that a deceased parent never had a timely and candid discussion with the kids concerning estate matters.

That topic is spotlighted in the Forbes piece by contributor Jody Gastfriend, a senior care expert and author. Gastfriend’s advice is that, when necessary, adult children should take a breath and then take charge when hesitancy is overcoming open communications surrounding planning matters. Sons and daughters need to know relevant details, and for entirely unselfish reasons.

And they shouldn’t fear being proactive. Gastfriend references both her family’s personal experience and third-party narratives in stressing that, for most families who forthrightly engage in estate administration discussions, “the discussion went smoother than expected.”

Indeed, parents can be materially comforted by it, especially when it focuses prominently on their planning-linked wishes and concerns. Kids don’t need to ask about inheritances. Rather, they can simply inquire about overall planning thoughts and preferences. In doing so, relevant details – concerning things like long-term and end-of-life care, legacy hopes and, yes, inheritances – will emerge.

Concededly, estate planning “can be tough to initiate,” says Gastfriend. Yet it can also confer immeasurable benefits when timely and gently raised with an elderly loved one.

No Comments

Leave a comment
Comment Information

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Office Locations

Law Offices of Connie Yi, PC
323 Ray Street
Pleasanton, CA 94566

Phone: 925-484-0888
Pleasanton Law Office Map

San Mateo
1510 Fashion Island Blvd
#200
San Mateo, CA 94404

Phone: 415-433-3350
Map & Directions

Cupertino
19925 Stevens Creek Blvd
Suite 100
Cupertino, CA 95014

Toll Free: 888-312-6978
Map & Directions

San Francisco
490 Post Street, Suite 508
San Francisco, CA 94102

Toll Free: 888-312-6978
Phone: 415-433-3350
Map & Directions