Thursday, June 30, 2016
No one wants to talk about the inevitable, but talking about death before it nears could make things a lot easier on both parents and children. With the improved economy, a survey reveals that children are pushing off this uncomfortable topic and waiting till after their parent’s retire or become ill. The survey also reported little discussion about wills and estate planning with more than 27% of children being unaware that they were the executor of their parent’s estate. It is important to talk about these issues before something unforeseen happens because it can become difficult to make critical decisions in the midst of a crisis.
See Everybody Dies. It’s Time to Have the Talk, Financial Advisor, June 28, 2016.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.