As adult children, it can be challenging to confront the topic of estate planning with your parents. No one likes to think about death, and many people procrastinate on creating a will for various reasons. However, this essential document is a critical component of financial and familial security. Experienced Georgia Probate and Wills Attorney Stephen Hagler explores why many people delay making a will, the importance of wills for families and how you can gently encourage your parents to prepare one.
Why Do People Procrastinate on Preparing a Will?
A 2021 Gallup poll revealed that each younger age group is significantly less likely to have a will than the previous one, including just 20% of adults under age 30. Why do people put off creating a will?
- Fear and Denial: One of the primary reasons people put off creating a will is that they do not want to confront their mortality. Thinking about end-of-life decisions is uncomfortable, leading to avoidance behavior.
- Misconceptions About Complexity: Many people believe that drafting a will is complicated and time-consuming. This perception can deter individuals from even starting the process. In reality, creating and executing a will can be quite straightforward, especially when assisted by an experienced attorney.
- Cost Concerns: Another common concern is the cost associated with preparing a will. Many people think that hiring an attorney will be prohibitively expensive. However, the cost of having a simple will prepared is typically very reasonable.
- Uncertainty About What to Include: Some parents may not know what assets to include, who to name as beneficiaries or how to provide for their children’s future. Without clear guidance, beginning the process can feel overwhelming.
- Cultural Beliefs and Stigma: In some cultures, discussing death and estate planning is taboo. This stigma can further complicate conversations with aging parents who might not be open to discussing sensitive subjects.
The Importance of Wills for a Family
A will is more than just a legal document; it is a means to ensure that your wishes are fulfilled after your passing. Here are some reasons why having a will is essential for families:
- Control Over Asset Distribution: A will allows individuals to dictate how their assets will be distributed among beneficiaries. Without a will, state laws will determine how assets are divided, which may not align with the deceased’s wishes.
- Minimizing Family Conflict: A clear will can help reduce potential disputes among family members regarding inheritance. By outlining your wishes clearly, you can mitigate misunderstandings and foster family harmony.
- Guardianship of Minor Children: For parents, a will can designate guardians for their minor children. This decision is crucial to ensure that children are cared for by individuals the parents trust.
- Peace of Mind: Knowing that formal arrangements are in place regarding asset distribution and guardianship brings peace of mind. Parents can rest easier, knowing their affairs are in order.
- Charitable Contributions: A will can also provide directives for charitable donations, allowing individuals to leave a legacy that reflects their values and priorities.
Encouraging Your Parents to Prepare a Will
Initiating a conversation about wills can be delicate, but here are some strategies to facilitate the discussion:
- Choose the Right Time: Choose a calm, quiet moment to discuss the topic. Avoid busy or stressful times, and approach the subject with empathy and understanding.
- Express Concern: Frame the conversation around your care for them. For example, express that you want to ensure their wishes are honored and that you want to support them in this important decision.
- Share Personal Experiences: If you’ve dealt with estate planning or witnessed the difficulties that can arise without a will, share these stories. Personal anecdotes can often make the conversation more relatable.
- Offer Assistance: Offer to help them find a qualified attorney who can assist with the will preparation. Mention that an estate planning expert like Stephen H. Hagler LLC in Augusta, GA, can guide them through the process smoothly.
- Be Patient: Understand that this may not be an easy conversation. Give your parents time to process the idea and revisit the conversation later if necessary.
FAQs About Wills for Elderly Parents
What is a will, and why do I need one?
A will is a legal document that outlines how you want your assets distributed after your death. It ensures that your wishes are carried out and helps avoid disputes among heirs.
Can I write my own will?
While you can create a will without an attorney, doing so may be risky. Legal requirements vary by state, and professional help ensures your will complies with local laws.
What happens if my parents die without a will?
If a person dies without a will, their assets are distributed according to state intestacy laws. This may not align with their wishes and can lead to complications for surviving family members.
How often should a will be updated?
A will should be reviewed and potentially updated every few years or whenever there is a significant life event, such as a marriage, divorce or the birth of a child.
How much does it cost to prepare a will?
The cost of preparing a will varies based on complexity and legal fees. Simple wills can be prepared at reasonable rates, especially when guided by an experienced attorney.
GA Wills & Probate Attorney
Creating a will is a vital step in securing peace of mind for both parents and their children. Encourage your parents to take the necessary steps, and remember, having a compassionate attorney like Stephen H. Hagler LLC on your side can make the process straightforward and stress-free. Don’t wait—start the conversation today!
Posted on behalf of Stephen H. Hagler, LLC