Estate Plans
Talking about money -- especially in the context of death -- can make anyone uneasy, but you should be discussing estate plans with both your partner and your parents.
"Talking about death or severe illness/disability with your partner is probably not your idea of romantic pillow talk, but estate planning is, in some ways, a final act or expression of love," said Tara Falcone, CFA, CFP, founder of ReisUP at Trust & Will. "Your medical or end-of-life wishes are the last thing you want your loved ones to be stressed out about if something happens to you. For example, when my father passed away at 36 years old, he didn’t have a will, nor had we discussed his wishes even though we knew his illness would likely take him. Not having those documents in place fueled a lot of heated discussions and sleepless nights that could have been avoided."
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