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How to discuss estate planning with your parents

There is no denying the fact that you have to pay close attention to your estate plan. This is a big part of your life, so you don't want to leave any stone unturned.

But here is something else to consider: you need to think long and hard about your parents and the plan they have in place.

While it is not your place to tell your parents what to do, there is nothing wrong with discussing estate planning. You may be able to provide them with a little bit of advice and knowledge.

Here are a few tips for discussing estate planning with your parents:

-- Don't avoid this any longer. It may not be something you want to discuss, but it's essential to bring the topic to the forefront as soon as possible.

-- Speak and listen. Although you want to provide assistance, that doesn't mean you should do all the talking. You need to listen to what your parents have to say.

-- Focus on all the right details. As you know, estate planning is a broad topic. You need to focus on the right details at the right time. For example, now may be the best time to discuss creating a will or trust.

These are just a few of the things you can do when discussing estate planning with your parents. This may not be a fun conversation, but it is one that you need to have. You may even be able to suggest that your parents seek legal assistance to ensure that everything is in order.

Source: The Huffington Post, "Talking To Your Parents About Estate Planning," accessed June 20, 2016

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