Estate Planning

How to Talk about Estate Planning with Your Family

Feb-28 2023

Estate planning is an essential part of any person's legacy planning, but it can be an uncomfortable topic to discuss with family members. It's important to have open and honest conversations about estate planning, though, as it can help ensure that everyone's wishes are respected and that loved ones are taken care of in the event of incapacity or death.

Here are some tips on how to talk to your family about estate planning.

Start the conversation early:

It's important to start the conversation early before any health or financial issues arise. This allows everyone to be on the same page and ensures that everyone's wishes are respected. It's also important to revisit the conversation periodically to ensure that everyone's plans are up-to-date.

Explain the importance of estate planning:

Many people are uncomfortable talking about estate planning because they feel that it's morbid or that it's something that's only necessary for the wealthy. However, estate planning is important for everyone, regardless of their wealth or age. Explaining the importance of estate planning can help alleviate some of the discomfort and make the conversation more productive.

Focus on the positives:

It's important to focus on the benefits of estate planning, rather than the negative aspects. Estate planning can provide peace of mind, protect assets, and ensure that loved ones are taken care of. By focusing on these benefits, you can make the conversation more positive and productive.

Listen to everyone's concerns:

Estate planning can be a sensitive topic, and everyone may have different concerns or opinions. It's important to listen to everyone's concerns and address them openly and honestly. This can help ensure that everyone is comfortable with the decisions that are made.

Choose the right time and place:

Choosing the right time and place to discuss estate planning with your family can make a big difference in how the conversation goes. Make sure everyone is well-rested, comfortable, and in a relaxed state of mind. Avoid bringing up the topic during stressful times or when emotions are running high. Choose a location where everyone feels comfortable and can speak openly and honestly, such as a quiet room in your home or a neutral location like a park or coffee shop. By creating a comfortable and relaxed environment, you can help set the tone for a productive and respectful conversation about estate planning.

Share your Why:

It's important to be clear and honest about your intentions and why estate planning is important to you. Focus on the positive aspects of planning for the future, such as the peace of mind that comes from knowing your loved ones will be taken care of, rather than dwelling on the negative aspects. Finally, be patient and open-minded, and be willing to listen to your family's concerns and perspectives. With the right approach, you can have a productive and respectful conversation about estate planning that brings you and your family closer together.

Talking to family members about estate planning can be uncomfortable, but it's important to have open and honest conversations about the subject. By starting the conversation early, explaining the importance of estate planning, focusing on the benefits, and listening to everyone's concerns at the right time and place, you can ensure that everyone's wishes are respected and that loved ones are taken care of. To get started on your plan, click here, and protect what matters.