Commentary

Millennials, talk estate planning with your parents

Doing so can allow you to focus on care without stressing over critical choices in an emergency

ST ILLUSTRATION: MANNY FRANCISCO

NEW YORK • Despite years of being seen as self-involved, overindulged children who cannot get it together, millennials have been growing up.

In fact, some millennials are ageing into their 40s. This means that our parents, many of whom are baby boomers, are reaching an age at which we will need to have some difficult conversations with them. One that is paramount is the estate planning discussion, which goes far beyond the matter of wills and inheritance.

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A version of this article appeared in the print edition of The Sunday Times on January 17, 2021, with the headline 'Millennials, talk estate planning with your parents'. Subscribe