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THE VALLEY BUSINESS JOURNAL 10 www.TheValleyBusinessJournal.com November 2022 5 Tips for Estate Planning Conversations If you have aging loved ones, you know how pressing it feels to make sure their affairs are in order if they were to pass away. Unfortunately, your parents or grandparents may not feel the same urgency that you feel. Maybe they are not educated on how important it is to create an estate plan. Or perhaps they think you’ll take care of everything after they pass. Either way, it’s vital to have critical conversations with your aging loved ones about estate planning. 5 Tips to Starting a Conversation About Estate Planning Broaching the topic of estate planning will show your loved ones how much you care for them and their wellbeing. You want to be sure that everything they worked hard for goes exactly where they want it to go after they die. Gather for a family meeting to discuss the essentials of estate planning: 1. Start with Simple Questions: Warm up to the conversation by asking standard questions. For example, do you have a will? When did you last update your will? Who is qualified to make medical decisions on your behalf? Does anyone have access to your bank account to act in your name if necessary? 2. Make It a Recurring Conversation: Estate planning is not just a oneand-done conversation. Even if your family member has an estate plan, it should be revisited and updated periodically. Choose Memorial Day or the 4th of July to make a note of discussing their estate plan. 3. Lead with Empathy: Let your loved one know you care by following up on other equally important topics like their health and social life. Then teach them about potential financial scams. When they see how much you care about their overall wellness, they will be open to questions and reminders you have about estate planning. 4. Offer Research and Information: Discuss with your parents what could happen if they die without a will and their estate enters probate. Show them how estate planning is just as essential as making funeral plans or naming beneficiaries for a life insurance policy. 5. Meet with an Estate Planning Lawyer: If you hit a wall when discussing the topic, contact a professional to discuss the importance of having an estate plan. Sometimes an expert outside of the family is better received. If you find it challenging to broach the subject with your aging loved ones, Shoup Legal is here to help you through every step of the estate planning process. Give us a call (951) 455-4114 or email us at info@ shouplegal.com. “ Broaching the topic of estate planning will show your loved ones how much you care for them and their wellbeing. You want to be sure that everything they worked hard for goes exactly where they want it to go after they die SHOUPLEGAL.COM LEGAL by by Andrea Steve Fillingim Shoup
November 2022 QUIET QUITTING CONTINUED FROM PAGE 1 THE VALLEY BUSINESS JOURNAL www.TheValleyBusinessJournal.com 11 The pandemic and cultural changes have made it difficult to find, retain and motivate great employees. “Quiet quitting” is the latest challenge for the employer. Quiet quitting is simply doing a job just enough to get by. There is no stretching of one’s self, putting in extra effort when needed to provide customer satisfaction or thinking beyond the current role. This can affect employees waiting for retirement and early career workers just staring out. There is hope for both though. Employers can provide a program of career development and opportunity which will encourage employees to engage. Those new to the work environment can use help on how to move forward and make their job a career. Coaching can help draw out from the employee ideas they may not have had in the past. This guidance can come from long-term employees providing them with purpose and a chance to leave a legacy when they do retire. There is risk of losing some employees but how better to be known as a company where growth, finding talents and putting their skills to work is encouraged. Rewards and recognition may improve morale igniting a new passion about the business too. A little study by management will uncover what rewards besides money will motivate employees. This may include flexible work hours, additional time off and even tele-commuting for the appropriate job. Creativity will be the key for employers to rebuild excitement about coming to work each day. If as an employee one finds themselves in the position of quietly quitting or feeling bored, there are some steps they can take. Start by examining where you are in your career. Is this the job you have always wanted? If not think about what holds you back. Talk to your manager about what steps can be taken that might include training to learn new skills or job sharing within the company. Come up with new ideas on how to carry out the work of the business more efficiently. Expand the breadth of your career by writing about it or look for opportunities to speak in places like schools. To retain and find more satisfaction in the job, both the employee and employers must start the process of setting goals that are reasonable and attainable. Companies are spending large amounts of money to eliminate quiet quitting using consulting firms but some of this can be home grown. Ted Saul is a business coach and writer that assists with Business Plans, Project Management and Career Management. He earned his MBA from Regis University along with a Masters in project management. Ted can be reached on LinkedIn or by emailing TedSaulbiz@ gmail.com.
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