A Holiday Gathering: The Perfect Time for Estate Planning

The holidays are a special time when families from various generations come together, sharing meals, stories, and traditions. The warmth of these moments offers a unique opportunity to look toward the future by discussing estate planning.

While it might feel uncomfortable, talking about estate planning can bring peace of mind. Nearly 55% of U.S. adults don’t have a will or estate plan, leading to potential disputes or lengthy probate processes. By addressing these matters, families can avoid confusion and emotional pain later.

Questions for Meaningful Conversations

These holiday gatherings provide a chance for important conversations. Here are some questions that adult children can consider asking their parents:

  • Do you have an up-to-date will or trust in place?
  • Who have you chosen to make financial and medical decisions if you’re unable to?
  • Have you shared your wishes for medical care and end-of-life planning?
  • If something happened tomorrow, would we know where to find important documents and accounts?
  • Are there heirlooms or traditions you’d like us to know the stories behind?
  • Do you feel confident that the people you’ve chosen to handle your affairs are still the right ones?

Parents can also play a role by asking their adult children:

  • Do you know where to find my important documents in case of an emergency?
  • Have you considered creating your own will or an estate plan?
  • If you received an inheritance tomorrow, would you know what to do with it or who to turn to for help?
  • Are there family keepsakes or traditions you’d be heartbroken not to have carried forward?
  • If you had to step in to help us — financially or medically — what support would you need?

Tips for Starting the Conversation

Bringing up estate planning doesn’t need to turn the holiday into a formal meeting. Instead, find a quiet moment or take a walk to gently introduce the topic. Framing estate planning as a gift of clarity can make the conversation easier for everyone involved.

Remember, estate planning isn’t just for the wealthy or elderly. It offers control, clarity, care, efficiency, and legacy, ensuring that your wishes are honored and your loved ones are protected.

Take the First Step

If you’re unsure about where to begin or need guidance, consider reaching out to a trusted advisor. By having these conversations now, you’re giving a gift of love and care that lasts a lifetime.