The Sandwich Generation
by Jacqui Brauman
You have elderly parents who need more of your attention, and your children are young adults but they arenâ€™t completely independent yet. You are stuck between the generations. You are torn between them. You have obligations to both of them, and you thought youâ€™d have some freedom by now! Just when your children should be grown up and gone, your parents decline and you need to keep an eye on them.
You are the sandwich generation – sandwiched between your children and your parents.
Itâ€™s a bit cliche, but make sure you look after yourself first! I mean this in more ways than just physically and emotional caring for yourself. I mean you should get your affairs in order. Because if something happens to you, everything revolves around you, and they wonâ€™t manage unless you have a proper plan organised.
Once you have your own Will and Enduring Powers of Attorney organised, and you have made your Advanced Healthcare Directive, and you have left lists about who should get what, and you have made a detailed record of all your online accounts, and you funeral insurance is organised â€¦
Make sure you talk to your parents about their estate plan. Hereâ€™s some ideas about how to do that.
Then, drag your children along to an appointment with your solicitor and make sure they do their Wills and Enduring Powers of Attorney. You donâ€™t want to be left trying to administer the estate of your intestate child – when your child dies without a Will, it can be time consuming and costly.
If you need the first place to start with your planning, or you want to send your children to someone that they feel comfortable with to do their planning, please contact us.
Contact us to arrange a chat. It doesnâ€™t hurt to ask.