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July 5, 2017 - Estate Planning With Your Elders: Bringing Taboo Topics to the Table, Part II


In Part I of our series on Estate Planning With Your Elders: Bringing Taboo Topics to the Table, we discussed the key elements of opening a conversation with your parents regarding two traditionally taboo topics: finances and death. In Part II of this series, we are going to look at the basic issues you will want to include when having this important discussion, which, as mentioned previously, will likely take place over time.
 
Keep in mind that the goal here is to have these conversations while the parent is able to be in control of the conversations. That is, before a crisis moment occurs. The idea is to support your parent's independence for as long as possible, and to be prepared to provide support should their circumstances change.
 

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Finances

When talking with your elders about their finances, remember, that this may be a difficult subject for them and an awkward subject for you, as privacy and independence concerns sometimes arise. Being gentle with your questions will help everyone feel more at ease as you move forward with this important process. Listed below is some of the financial information with which you will want to become familiar:

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Health

End-of-life health choices are intensely personal. Patience goes a long way toward creating meaningful and productive conversation. Your parent’s ability to provide direction should someone need to act on their behalf helps you make certain their wishes are met. This is an invaluable gift to all involved.
 
Listed below is some the health-related information you will want to discuss:

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Memorial Wishes 

Discussing what we want to have happen to our body when we die is not an everyday conversation. In fact, it can bring on feelings of sadness and fear and confusion. Still, it is an incredibly important conversation. Knowing ahead of time what your parents want to have happen to their bodies after they die prevents having to make uninformed choices at a time when emotions are strong. 
 
Listed below are some topics you will want to address in your conversation about their memorial wishes:

 
Remember, the ideal time to start this ongoing conversation with your parents is while they are active and healthy, before a crisis moment arrives. In Part III of our series, we will discuss the specific documents related to this invaluable conversation.
 

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Please visit our Estate Planning FAQs to learn more about estate planning in Staten Island.  Or contact us directly with your inquiries.


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This information, based on New York law, was provided courtesy of The Law Office of Christopher J. Arrigali, P.C.  It is intended to inform, not to advise.  No one should try to interpret or apply any law without the assistance of legal counsel.



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