The Journey: PCA Parent Podcast
Kids & Family:Parenting
Guest: Lorne C. Book, J.D.
Estate planning - your “estate” includes anything that a person owns in their personal capacity. Estate planning is the process of leaving your family more than a mess (regardless of the size of your estate).
Estate planning isn’t just for you - if your parents are alive, you need to find out if they have a will.
Two categories of estate planning:
Power of Attorney (POA):
Life Support Directive - your “end-of-life” care - make the decision before you are unable to make it, takes the pressure off your loved ones to make these decisions during a difficult time
Important addition - to have these tough conversations with family members means that you need to address relational rifts and seek to repair those while you have time.
When your kids turn 18, they are a legal adult and have the capacity to legally contract on their own - be mindful of those individuals and companies who would like to have access to your young adult. Now is the time to talk to your kids about planning early for the important decisions they’ll get to make.
Lorne C. Book, J.D.
Attorney and Counselor at Law
BOOK LAW FIRM
4425 Plano Pkwy., Unit 103
Carrollton, Texas
T: 214-305-6974
lbook@booklawfirm.com
www.booklawfirm.com
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