As we become adults and parents ourselves we can see our parents are ageing. Frequently the roles and responsibilities change to the extent that the child effectively takes on the job of guardian of their parents. It may become obvious that our parents need help and advice to plan their finances and in preparing their estate.

They may need to be encouraged to seek out professional advice to help them sort out their affairs properly. It may be difficult and even uncomfortable to embark on such a discussion especially as it involves acknowledging the ‘potential’ of dying. There is the risk that it will look like the child is trying to manipulate the distribution of the estate. Nothing changes the fact that is is a very important conversation to have.

Estate planning really must be completed sooner rather than later before your parents reach a point where that are unable to effectively plan by themselves. Sometimes Alzheimer’s disease or dementia can rob them of mental abilities and accidents can bring about incapacitation.

A Lasting Power of Attorney can be established for each parent so that their affairs, both financial and potentially medical, can be managed in their interests and the interests of the family, should they lose capacity.

Any good estate planning must include wills. The wills serve to establish both the distribution of the assets in the estate and who gets to do it, as nominated executors. Having well drafted wills in place will also help prevent any additional problems between family members at at time when they will be dealing with the aftermath of the bereavement.

A difficult discussion for you to initiate but you will be contributing to your parents peace of mind which in turn will make their remaining years more fulfilling. It really does make sense for you to encourage them to look for estate planning advice while they are still in a position to do something about it.

If you would like some advice or to arrange a visit please can call 01225 582582 or 07942 959599 or use our contact page and we will call you back.

Affordable peace of mind for people from all walks of life and for those not wanting the cost of a high street solicitor.

The home visit Will service is available in Berkshire, Dorset, Gloucestershire, Hampshire, Oxfordshire, Somerset and Wiltshire.Similar Posts:

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Have you ever argued over an inheritance?

“The number of disputes over wills and inheritance has risen dramatically in the last few years.

Last year 228 such disagreements were resolved by judges – compared to only 83 in 2006. ”

If you want to listen to the programme but you don’t want to stay up late you can get in after the event from the BBC website. It should be an interesting discussion!

Here is a link to the programme details:

If you want to avoid the problems caused by having your will contested you can get advice from William Ryan. Call FREEPHONE 0800 878 6565 or 07942 959599 or use our contact page and I will call you back within one working day.

Affordable peace of mind for people from all walks of life and for those not wanting the cost of a high street solicitor.

The home visit Will service is available in Berkshire, Dorset, Gloucestershire, Hampshire, Oxfordshire, Somerset and Wiltshire.Similar Posts:

• BBC Radio 3 Counties “Inheritance Is It Worth The Hassle”
• 300,000 die each year without a will
• Your parents are getting older: will you help them plan their estate?
• Twitter and legal services
• Intestate Somerset farmer leaves a right mess!