A Heartfelt Guide to Estate Planning Over the Holidays

As the leaves turn and the holidays draw near, families gather around tables to share meals, stories, and traditions. These moments are rich with laughter and love, bringing together generations in a way that's rare in our busy lives.

Beyond the joy, these gatherings are also a chance to look towards the future. While it might feel uncomfortable, discussing estate planning can bring peace of mind. Here’s why these conversations are a true gift to your loved ones.

Nearly 55% of U.S. adults don't have a will or estate plan. Learn more about estate planning statistics here. Without a clear plan, the probate process can consume 3–7% of an estate’s value, causing months or even years of delay. Discover the costs of probate here. Furthermore, 58% of families without a plan report disputes when loved ones pass. See how this leads to family feuds.

Embracing the Conversation

Estate planning involves more than wealth - it's about control, clarity, care, efficiency, and legacy. It ensures that your wishes are clear and that your family isn't left guessing during difficult times.

Questions to Foster Understanding

For Adult Children to Ask 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 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 to Ask 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?

These questions are easier discussed during quiet moments or a walk, rather than the main meal. This approach preserves the warmth of the holiday, while fostering essential communication.

A Gift for the Future

Estate planning isn't just about assets; it's about caring for your loved ones and preventing future burdens. Starting these conversations now can avoid confusion and pain later.

If you're unsure where to begin, or want help navigating these discussions, reach out to a trusted advisor. Estate planning is a gesture of love and clarity, ready to be given this holiday season.