It’s the talk you don’t want to have, but need to: the chat about how your parents want their estate to be managed after their death.
Farewill, an online will writer, found that one in five people who act as executors felt they did not manage their loved ones’ estate according to their wishes because they did not discuss it before their death.
Dan Garrett, the chief executive of Farewill, says: “Death carries huge financial consequences, with £1 trillion expected to pass between generations in the next decade. Yet the question of what we want upon our passing is one of the most neglected conversations.”
If you are an executor of your parents’ wills, these are the ten things you need to ask them now.