Awkwarddddd, am I right? This may be one of those uncomfortable conversations that is so important to have. It’s so much better to have these discussions with your parents well ahead while they are healthy, both mentally and physically. The problem is, oftentimes, children wait for the unfortunate circumstances of disability or death to occur before reaching out to their parent’s trusted professionals. Or even worse, they don’t know who those people are, and it takes them months to dig up some sort of phone number. Talk about awkward and stressful.

Statistically speaking, the younger you are, the more unprepared for unexpected death or incapacitation you’re likely to be. If you’re setting up a living trust, avoid these five common mistakes to help you and your trustees benefit from the full advantages this document has to offer.

Being prepared financially can go along way to reducing stress and allowing you to enjoy the new life that you are bringing into the world.