Something to think about if your looking for a gift for your parents.
Have they done their estate planning? Should you buy a living trust estate plan for them?
The reality is that it is more important for you that your parents to do their estate planning than it is for them. If they die without one, you and your siblings are left to clean up the mess. You have more to gain than they do. Every dollar spent on probate fees is a dollar you don’t inherit. Every hour you spend cleaning up their estate is an hour you never get back. Its like the old Aamco Transmission commercials you grew up with: pay now or pay a lot more latter.