This is the time of year when Pennsylvania families gather and reconnect; when they share the things that they are grateful for from the past year and look forward to the next. It is also the perfect time for more experienced loved ones to impart their wisdom and knowledge to newer generations, which is a gift that is beyond compare. For many, integrating estate planning into the holidays is a simple and natural process.
One of the most powerful things that parents can do for their adult children is to provide a leg up on estate planning. Often, individuals do not turn their attention to such matters until later in life. If there is an unexpected loss of life, their families can encounter significant difficulty as a result.
One way to assist adult children through this process is to pre-pay for the legal services required to get the estate planning ball rolling. This gives the recipient a push to begin the process, which is often just what they need. In many cases, the end result will be a fully formed estate plan, and the peace of mind that comes with having taken care of that goal.
As the holiday season comes to a close, Pennsylvania families should consider whether estate planning services might just be the perfect gift. It may be somewhat unconventional, but it is certainly a gesture that conveys love and care. It is also something that many adults have not yet considered procuring for themselves, but if received as a gift, estate planning help would be a welcome addition to the holiday season.
Source: investors.com, “5 Changes To Make To Your Financial Plan Now“, Marie Beerens, Dec. 18, 2015