If you have grown children, there is a good chance that your estate planning will be part of their future. When you talk with them about your thoughts and wishes if you become incapacitated or pass away, it can help take some of the stress out of an otherwise tricky conversation.
But how do you breach this topic with your grown children?
Talking to your children about elder law and estate planning can be difficult, but the conversation doesn't have to be. By walking your children through a step-by-step process as you discuss these issues, you can make the entire process as easy as possible for everyone involved.
The OC Estate & Elder Law Attorneys in Dania Beach are here to offer you advice and resources to help you work through this process.
Here are the steps to take when having this conversation with your children:
Sit down with your children and explain that you talked to an estate law attorney in Diana Beach about planning for the future.
Let them know that even though you are young or don't feel old, it's essential to look at the possibilities of what could happen in the future.
When discussing elder law in Florida, explain that elder law largely focuses on wills and trusts, power of attorney, elder care, etc. The elder law attorneys in Dania Beach offer these simplified definitions to help you explain if they are unfamiliar:
- Wills: This is a written statement of your wishes regarding transferring your assets to your heirs after you have passed away.
- Trusts: This is a legal document designed to hold and protect assets, providing instructions on how those assets will be managed and eventually transferred to your beneficiaries. The trust usually names one or more trustees who will carry out the terms of the trust.
- Power of Attorney: This document allows you to designate someone to make health care decisions for you if you can't make them on your own and handle other important financial decisions for you if necessary.
- Elder Care: Eldercare typically includes any number of services related to elder law, including elder mediation, senior Medicaid planning, nursing home planning, and elder financial exploitation.
Let your children know that you are creating a plan to protect yourself in the event of incapacity or death. Talk about why this is important to you, and ask them how they feel about the conversation.
Answer any questions your children may have, and ask them if they have questions for you. Review any documents relevant to elder care planning in Florida, such as a will or power of attorney. Everyone must be on the same page when it comes to elder care planning.
When it comes to elder law in Florida, you have a lot to think about. An estate law attorney in Dania Beach can provide you with the resources and support that you need to take control of your future.
Contact OC Estate & Elder Law today so we can help take some of the stress out of complex eldercare planning by providing trust administration, will preparation, power of attorney preparation, elder mediation, and eldercare planning.
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