The real reason that you are asking them such personal questions including power of attorney. Five talking points to focus a discussion and make it practical not emotional

1. The real reason that you are asking them such
personal questions.
Five talking points to focus a discussion and
make it practical not emotional.
How to discuss estate planning with your
parents painlessly

2. About me and Paget Will Writing Ltd.
I qualified as a solicitor in 1993.
I worked in private practice for 20 years specialising in different areas of
litigation.
I ran contested estate disputes and Court of Protection actions for the last 15
years of that period.
I set up Paget Will Writing Ltd in 2016 and have been trading for nearly 2 years.

3. Five things to talk about with aging
parents:
• Legal Documents
• D to the power of 3: Disorderly Document Deluge
• Long term Care Planning
• Living Arrangements
• I’m asking because I care

4. Legal Documents
 Will A written document with your instructions as to how your assets should be distributed
after death. If you die without one, the state will decide where your property and money
goes.
 Lasting Power of Attorney for Property and Affairs A document that appoints a trusted
person to take charge of your finances and other assets if you lose mental capacity.
 Lasting Power of Attorney for Health and Welfare A legal document that empowers a
trusted person to make healthcare decisions if you lose capacity to do so yourself.
 Advance Decision to refuse medical treatment – anticipatory refusal of specific medical
treatment to be used should person lack capacity to give consent in the future.
 Advance Statement - an expression of a person’s current wishes and feelings to be taken
into account by a decision-maker in the future.

5. Disorderly Document Deluge
• Where do you keep your important paperwork? Encourage them to organise the following
paperwork and store it in a safe place known to you or their LPA attorney/s:
• Essential Documents - Will; Powers of Attorney, Passport, Pension books, funeral plan.
• Proof of Ownership – title documents, mortgage documents, vehicle registration documents,
share certificates, savings bonds, ISAs, pension bonds, life insurance documentation, tax
returns.
• Bank Accounts – list of all accounts with user names and passcodes, safe deposit boxes.
• Health Care Documents – Personal and family medical history; authority to release medical
information, Advance Directive of Advance Statement.
• Life Insurance and Retirement – life insurance policies, pension and annuity contracts

6. Family Caregiver Alliance – 69% of people aged 65+ will develop a disability
35% will enter a nursing or care home. Discuss your parents plans.
• Family to give care
• Home carers like Blue Bird
• Nursing home care
• Long term care insurance

7. Living Arrangements
• Living on multiple floors?
• Will they need to carry laundry or groceries up/down stairs?
• Challenge to manage house and garden later?
• Can they afford to pay for assistance?
• Would down-sizing be appropriate?

8. It’s hard to talk about:
• I don’t want to think about you dying and nor do you
• I don’t want you to think that I am after your money
• I want to be able to honour your wishes and choices by talking and planning now
while you are able-bodied and able-minded.
• Let’s make decisions and arrangements before you need them
• You will have the most input and control now.
I ask because I care about you.

9. Images used in
this
presentation
Created by
Freepik