Creating your estate plan likely wasn’t an easy thing to do, but you may quickly realize that it’s just as difficult to talk to your loved ones about it. Having to do this touches on sensitive topics, such as your death, money and intimate family dynamics.
While it might not be the most pleasant thing you have to do, it’s necessary. Having a discussion with your loved ones can help to reduce the risk of disputes, avoid confusion and ensure your wishes are accurately relayed.
Choose the right time and place
Estate planning isn’t a topic for casual chit-chat over coffee or during a busy holiday gathering. Pick a time when everyone involved can focus and the setting is calm and private. Whether it’s an informal family meeting or one-on-one conversations, the goal is to have an unrushed conversation to provide clarity.
Be clear, but keep it simple
Explain the basics of your estate plan in plain language. Some topics to consider include:
- Who will be responsible for handling your affairs
- How you want your assets distributed
- Specific wishes you have for your healthcare
- Desires for your final arrangements
It’s also helpful to clarify why you made certain decisions, especially if they might surprise someone. Clear explanations can prevent misunderstandings down the line.
Be ready to provide clarifications
Expect emotions to surface—this is a personal and sometimes uncomfortable topic. Be patient and ready to answer questions. Your loved ones may need time to process the information. Keeping the conversation open and collaborative helps reinforce that this plan is about protecting and caring for them.
It’s a good idea to have your estate plan in writing and with you when you have this discussion. By doing this, you can reference sections and show your loved ones where they can find important information.
