Tough Questions You Need To Ask Your Parents
There are 76.4 million baby boomers in the United States. Over the next fifteen years, 8,000 of them will turn 65 every day. Our aging population is living longer than ever before. So who wants to talk about dying? Not many of us, and therein lies the problem.
Initiating a dialogue with your parents about their plans for the future – including their estate, their finances, their health coverage, and their end-of-life requests – will help identify their wishes and ensure a plan is in place to fulfill them.
“Everyone gets organized at some point, they just might not be around for it.”
Sue DeRoos
Estate planning is one of those things that often gets put off to the proverbial tomorrow. Perhaps it is the natural aversion to facing your mortality or simply the daunting task of having to gather all that personal “stuff” together. Nonetheless, when done effectively, an estate plan is a powerful tool for managing your personal and financial affairs not only post-death but also during your lifetime.
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