Why You Should #StartTheConversation

July 19, 2016

Any important topic certainly has its drawbacks when edging it into conversation. Political debate between friends can get heated, discussions of money, budgets or spending can tax any relationship. So its understandable that starting the conversation that involves contemplating your own demise doesn't make it very high on the "to talk about" list.

 

A recent Rocket Lawyer poll showed that 28% of adults said they would rather do anything else than draft an estate plan. While 55% of adults recognize they need one but just haven't gotten around to doing it. I think this can honestly be attributed to the difficult nature of the conversation. Talking about your estate plan is a necessity in this day and age. Start the conversation with your spouse, family members and loved ones. Starting the conversation and getting estate planning done is especially important for adults with minor children. 

 The same Rocket Lawyer poll showed that a whopping 70% of adults with minor children had no planning in place including a guardianship designation. A guardianship designation is the document that specifies individuals to be the legal guardian/guardians of your minor children should you die or become permanently incapacitated. Transferring legal guardianship after the fact, without any pre-planning document, is not as simple as one may think. It takes time for the court to review the individual petitioning to be the legal guardian and process all the paperwork.

 

Make sure you call Nick at the Klimas Law Firm today at (720) 504-7709 to schedule your free consultation and plan for your children's future.

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