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Is It Time to Talk about Estate Planning with Your Family?

The new year is a great time to start thinking about your estate planning. If you still need to have a conversation with your loved ones, now is the time! Our Rockford estate planning attorneys provide tips on starting a conversation about estate planning with your loved ones. Having an open and honest discussion with your family is the best way to ensure that your wishes are fulfilled after you're gone.

Approach the Conversation With Empathy and Understanding

Before you have the conversation with your family, make sure that you're approachable and ready to listen. Empathize with them and understand their concerns. It's important to be sensitive to their feelings so they can voice their opinions without feeling attacked or judged.

Compile Notes and Instructions

During the conversation, ensure that you include any important information, such as where your assets are located and who should take care of them. It's also wise to provide your loved ones with a copy of your will or trust, so they're aware of how everything is distributed when you're gone.

It is essential to communicate the following information:

  • Account information for all financial institutions
  • Birth certificate
  • Who has the power of attorney
  • Safety box keys and codes
  • Social Security number
  • Account information for all financial institutions
  • Debtors/lines of credit
  • Insurance providers/policies
  • Marriage certificates/divorce paperwork

Don't Make it a One-Time Event

Creating an estate plan is something that you will likely need to revisit on an annual basis since your life events and objectives may change. While discussing estate planning might be difficult at first, over time, it can become easier as you have more discussions with your loved ones.

Seek Professional Help

Having a conversation about estate planning with your family can be difficult, but it's an important step to take when you want to prepare for the future. At Reno & Zahm LLP, our experienced estate planning attorneys can help guide you through this process and make sure that everything is in order before your family needs it. Contact us today to learn more about our services and get started on creating your estate plan!

Contact us today at (800) 639-1488 to schedule a consultation!

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