10 questions adult children should be asking their parents this holiday season
Who knows about your estate plan?
In addition to having your will and other estate planning documents done, you should also explain your plans to family members or other intended beneficiaries. Parents of adult children, you should explain your estate plan to your children, as well as why you’ve made these decisions. In addition, you should notify those you appoint as executor, trustee, guardian, power of attorney, and health care proxy. These individuals should know they’ve been appointed and what is expected of them.