It’s hard to think about a time when our parents will no longer be around but the reality is that this time will come sooner or later. The best thing you can do is to take advantage of the time you have together now and learn as much as you can about what they want, what they remember and what you can expect.
Make video or audio recordings as they retell stories from their past. Their first kiss, their first car – these are wonderful treasures that you and future generations will enjoy for years to come.
Have them help you label old family photographs so that Great Aunt Jennie’s identity isn’t lost forever after they’re gone.
Ask your parents about their wishes for end-of-life arrangements. Do they have a Living Will? Do they have an estate plan? These are things you need to know and if the documents exist, you’ll need to know where to find them.
Talk about life insurance policies, outstanding debts and even what they wanted to do with the family home. Knowing all these plans and ideas can help you make the right decisions later when you’re acting as your parents’ executor.
Having these conversations now ensures that you have all the information you need about your parents’ estate because the truth is, your parents may not always be able to answer you. If they should become mentally disabled, these precious memories and important information could be lost forever.
To learn more about estate planning, contact our office today.
Saul Kobrick
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