10 Questions Adult Children Should Be Asking Their Parents This Holiday Season

Planning for the future is not just for old folks. Whether your clients are the parents of adult children, or adult children with aging parents or children of their own, they all need to have that conversation. While estate planning may sound like the last thing family members should talk about at the holiday dinner table (or perhaps second to last, after politics), the holidays do provide an opportunity for face-to-face discussions and on-the-scene document finding.

To get the conversation started, InvestmentNews reached out to attorneys Stuart Schoenfeld and Monica Ruela from Capell Barnett Matalon & Schoenfeld for insights on what adult children should be asking their parents (and vice versa).

1. Do you have a will?

Think of your will as your voice from the grave. In this document, you name an executor who will be in charge of carrying out your wishes, which you state in the document. If you have minor children, you can name a guardian for them. You can also set up trusts in your will for beneficiaries who are minors…