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Estate planning can be difficult to discuss with parents

When it comes to estate planning in Texas, discussing your intentions with your loved ones is of utmost importance. As difficult and awkward as this can be, getting your affairs in order while you are still able to do so is essential.

Adult children of aging parents must acknowledge the importance of discussing the ins and outs of estate planning to assure that everything is in place. While some are lucky enough to have parents who have everything in order, this is not always the case. Many people believe that estate planning is complicated. However, nothing could be further from the truth. With a basic will, for example, you can designate who will receive your assets when you pass on.

A living trust is something you can use during your lifetime and when you die, it insures that your assets are passed along to your heirs without getting bogged down in the probate process. Not only does this save your heirs a lot of time and money, but it allows them to avoid a stressful situation.

There is no denying the fact that estate planning, including the details of wills and trusts, can be a challenge to discuss with aging parents, especially those who are confused by the process. However, if you are able to help your parent(s) begin the process in a manner they can understand, they may be more than willing to initiate the process now. It is always best to deal with estate matters before beloved family members are mired in grief and not thinking clearly. A trusted probate and estate administration attorney is one source of information for planning for the future.

Source: CBS Boston, "All About Estate Planning" Dee Lee, Jun. 13, 2014

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