Estate Planning Is Essential While Still Competent

June 15, 2012 12:00 AM
Estate Planning Is Essential While Still Competent
" BOSTON (CBS) – Everyone needs estate planning and you need to do it while Dad is competent. This is a tough subject to talk about for it always involves someone dying! If you have siblings try to meet with them and discuss the matter. Explain to them why it is important that Dad gets his things in order.

Estate Planning Is Essential While Still Competent

Start with some casual comments. Mention to Dad that you heard this financial planner on the radio and you realize you need to get your stuff in order. What has he done to get his affairs in order? If he says “nothing”, offer to make the appointment with an attorney and go with him if he needs moral support. If he says “yes”, ask where the documents are kept?

A will is a simple document that allows you to give your assets, the stuff you own, to your heirs, the people you want to get your stuff when you die. Easy to do and does not have to be expensive "

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