When a parent dies somewhat unexpectedly, adult children may be overcome by grief. However, they then may become overwhelmed by frustration. Sometimes it’s almost too difficult to mourn , or mourning is delayed, because the family can be too busy trying to take care of her estate. This time can be especially hard, if the recently departed parent failed to leave a will, a trust or any estate planning whatsoever.
The recent article published on WSAV’s website entitled “Family warns others to not put off estate planning” says that in one instance, the family was forced to leave their mom while she was dying in the hospice to try and organize the paperwork done for her estate.
An estate plan is a guide for your family. A good estate plan will include a will, a trust (in California if your assets exceed $150,000 and you want to avoid probate), an advanced health care directive, a power of attorney, and guardian nomination if you have minor children.
Work with an experienced estate planning attorney and try to get everyone to the table to discuss the issues. One way to approach aging parents, is to say “You are helping me, if you could write this down.” Many regret not taking action sooner to save stress and energy.
"You have every emotion you could ever have, because you are about to lose your loved one and you have to deal with everything else on top of it," one woman commented. Adding to the stress of not doing a plan, or it being too late to put a plan in place can be avoided. We want to help your family have peace of mind so that when the time occurs, you can focus on your parents and not add additional stress to the situation.
One of the main goals of our law practice is to help families like yours plan for the safe, successful transfer of wealth to the next generation. Call our office today to schedule a time for us to sit down and talk about your estate plan, where we can identify the best strategies for you and your family to ensure your legacy of love and financial security. Our office is located in Santa Ana, CA but we serve all of California including Irvine, Orange, Tustin, Newport Beach, and Anaheim.
Reference: WSAV (February 26, 2019) “Family warns others to not put off estate planning”