Nick Tonita, Honours B.Comm

Financial Security Advisor
Investment Representative
Freedom 55 Financial

How to help your parents with estate planning and making a will

You play an important role in protecting your parents' legacy

Do you remember when your parents sat you down for the talk?

Back then, it likely included some awkward moments and uncomfortable feelings.

It could be time for another talk, but this time you’d be starting a conversation your parents may have been avoiding – about how they want their final wishes carried out.

It’s time to have the talk

Here are a few suggestions when it comes to talking about their legacy:

  1. Take advantage of the time you have. You’re on the right track by helping your parents think about this today instead of reacting in the moment. Taking the time now helps your parents put the right plans in place to protect what matters most to them.
  2. Get organized and make sure your parents’ wishes are carried out. Help your parents understand the value of getting organized early on so their wishes are understood and carried out according to plan.
  3. Ensure they choose someone as their power of attorney. Encourage your parents to select their power of attorney sooner rather than later. A lot of important decisions may end up in this person’s hands, and the more time they have to understand your parents’ wishes, the better.

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