Talking about money and end of life plans can feel uncomfortable, but open communication is essential. It helps clarify your wishes, avoid misunderstandings, and ensure your plans are carried out as intended.
If you’re assigning specific roles in your will, such as guardian or executor, it’s important to speak with those individuals in advance. Make sure they understand the responsibilities and are willing to take them on. In some cases, you may want to appoint a professional executor, especially for complex estates.
Before having the conversation with your family, take time to prepare:Plan ahead: Don’t wait for a crisis. Think through what you want to say.Know your assets: Understand what you own and who should receive what.Clarify your legacy: Decide what values or causes you want to support.Summarise your wishes: Writing things down can help avoid future confusion.Give notice: Let your family know you’d like to have this conversation, don’t spring it on them.Choose the right setting: Pick a time and place where everyone feels comfortable.Be open to input: You’re not required to change your plans, but listening can strengthen family understanding.
Discussing your will may feel difficult at first, but it can bring peace of mind and prevent unnecessary stress down the line.
Need help drafting or updating your estate plan? Mirathi is here to support you.
