How to Talk to Your Parents About Estate Planning
Did you know that less than 23% of people between the ages of 35-54 have estate planning documents completed? Even adults who are 55 and older are less than 50% likely to have an estate plan, as the number has fallen from 60% in 2019 to just 44% today.
These statistics are alarming, as it means that over half of the older adults who pass away have not formalized their wishes. Approaching the topic of estate planning with your parents might seem daunting, but it's a crucial conversation to ensure their wishes are respected. Here are some tips to guide you through this important discussion.