Do your parents have a will?

Cultural differences around legal issues, finances and estate management can lead to avoidable challenges when parents pass away. Being informed ourselves can help us guide our parents through the process of estate planning and feel more peace of mind around this topic that can incur a significant financial loss if not handled properly.

In episode 7 of the Asian Detox Podcast, TJ shares zir experience of trying to encourage zir parents to get their estate affairs in order and why this is so important, highlighting:

• TJ’s process of engaging with zir parents around estate planning
• Wills, trusts, pour-over wills, AB bypass trusts and probate
• An overview of probate: what it is, what the implications are and why you want to avoid it
• How the procedure of dealing with estates is often very different in Asian countries compared with the US and how that can impact our parent’s attitudes
• The key to shifting your mindset around this potentially difficult topic

“What else, culturally or gap-wise, are you angry or confused about of how your family operates that you haven’t asked about? Because if you find yourself getting frustrated, I highly encourage you to ask what it was like when they were growing up or where they were growing up or both, and see if that isn’t some context you needed to get you to a better place in your relationship and heal that relationship with your family.”

TJ Wey - S1 E7, Asian Detox Podcast

Keep up to date with TJ's work on Linked in:

https://www.linkedin.com/in/tjwey/

Follow TJ on Facebook:

https://www.facebook.com/T.J.Wey/

Follow TJ on Instagram:

https://www.instagram.com/tj.wey/

Work with TJ - Generational Wealth Building Money Mentorship

Let's chate- https://calendly.com/tj-wey/discovery

Stay up to date with The Asian Detox Podcast and Community:

https://www.instagram.com/asian_detox/