The holiday season is a special time when families come together, sharing joyful moments and heartwarming traditions. Amidst the laughter and memories, it’s also a unique opportunity to address important topics like estate planning, offering peace of mind for the future.

The Importance of Estate Planning

Did you know that nearly 55% of U.S. adults don’t have a will or estate plan? Without clear planning, probate can consume 3–7% of an estate’s value, lasting for months or even years. Moreover, 58% of families without an estate plan report conflicts after a loved one’s passing.

Why Discuss Estate Planning?

Estate planning is not just about finances—it's about controlling your future wishes, providing clarity for your loved ones, and ensuring care for those who depend on you. By planning now, you prevent future burdens, allowing your legacy to include not just assets, but values and family stories.

Conversations Across Generations

Holidays bring families together across generations, making it the perfect time to discuss estate planning. Whether you’re an adult child or a parent, here are some questions to consider:

For Adult Children:

• 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 your 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?

For Parents:

• 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?

Making the Conversation Comfortable

Initiating these discussions doesn’t have to turn your holiday into a formal meeting. Consider bringing up these questions during a quiet moment or a walk instead of over the main meal. Approach the topic with warmth and empathy, emphasizing clarity and care.

Empowerment Through Planning

Estate planning is a gift of clarity and love. By talking now, even briefly, you can prevent confusion and disputes later. If you're unsure where to start, or need guidance, reaching out to a trusted advisor is a great first step.

Starting these conversations during the holidays ensures your future plans reflect your values and provide your family with reassurance.