It is not easy to start the conversation about what will happen after passing away. The difficulty and potential awkwardness of these conversations often keep Louisiana adults from having important discussions about the future. Discussing estate planning needs and intentions is not always easy, but it is critical for adults of all ages, medical needs and income levels.
Tips for starting the conversation
While talking about future medical and financial needs, it may help to know how to start this conversation. Spouses, friends and family members may find the following tips helpful:
- One of the main benefits of estate planning is the peace of mind it provides. It may be beneficial to point this out to those who may be reluctant to try.
- It is important to be open and honest in these conversations. The more clarity there is, the less likely it will be that disputes and confusion happen in the future.
- Be careful when assigning beneficiaries. There can be tax implications for decisions, and it is helpful to consider long-term consequences.
Estate planning can provide peace of mind and future security for every member of the family. Life is unpredictable, and it is prudent to move quickly to create a smart, sustainable plan.
The future is at stake
Without an estate plan, the future is at stake. Certain estate planning documents can give a Louisiana adult the ability to have a measure of control over his or her future. If one is unsure of where to start, it may help to speak with an attorney experienced in estate law.