You may not look forward to discussing your estate plans and instructions for your end-of-life care with your family in Georgia, but it is one of the most important conversations you can have with them. Talking to them now about life after you pass away can make it easier for them to accept things and help to protect your estate.
Here is a brief overview of why it is beneficial to discuss your estate plans with your loved ones.
Reduces the need for disputes
Your loved ones may not agree with the way you decide to divide up your estate, assets and inheritances. If you avoid discussing your intentions with them while you are alive, they may become angry, upset and file disputes that can eat away at your assets and their inheritances, and create conflict amongst themselves.
Makes your wishes clear
Your loved ones may not understand your estate plans. They may need more clarity on your final wishes. Meeting and speaking with them allows you to state your intentions, explain why you want your estate distributed a certain way and any end-of-life care plans you have in place. The discussion also allows for you to hear and address your loved ones’ concerns.
Protects your legacy
Estate plans are instructions for future generations to follow. They allow you to dictate what happens to your assets instead of allowing your family to make decisions about them that you may not like. They may still dispute your final instructions. However, getting things out in the open so they know what to expect can give them time to come to terms with things and lower the chances of conflict, turmoil and disputes.
You should have discussions regarding your estate plan, legacy and end-of-life care instructions to keep them up-to-date and everyone on the same page. These meetings can also help to protect your loved ones’ feelings and make them more accepting of the situation.