Beginning a conversation about creating an Estate Plan can often be a source of difficulty when it comes to your parents.
However, as dreaded as this may be, it is imperative to have the talk and ask all the questions you can foresee in a calm, comfortable setting.
Before your parents are incapable of making these plans and decisions, there are several key points to discuss, as mentioned in the below article “Having Difficult Conversations with Aging Parents”:
1. Financial – Fairly often, seniors choose to assign their financial Power of Attorney to a trusted family member or friend in case of incapacity.
2. Health Care – Your parents’ health care decisions can be outlined in a Health Care Proxy, recommended by the NY Department of Health to “ensure you recieve the care you want at the end of your life.” (https://www.health.ny.gov/professionals/…/health_care_proxy/)
3. Aging – Does staying at home alone, getting in-home care, or moving to a nursing home make the most sense? We can help you make sure you are eligible for Medicaid by following a few necessary steps.
4. End of Life – Do you know what your parents wish to happen after their demise? Help them outline this in a Living Will.
5. Family Legacy – What do your parents want to be remembered and cherished? What do your parents hope for you?
Danna & Associates, PC is highly skilled in this area of Elder and Estate Planning law, with over 2 decades of experience to advise with. Our office can create all the necessary documents to carry out your parents’ wishes, as specific and unique as they may be. Call 718.273.0300 to schedule your free 1-hour consultation today!
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