Gathering Around the Holiday Table: An Estate Planning Reminder

The holidays are a special time when families come together, sharing traditions, meals, and stories. These moments across generations are filled with emotional richness. Amidst the laughter and love, it's also an ideal time to discuss the future—particularly estate planning. Though it can feel uncomfortable, the peace of mind it brings is invaluable.

Nearly 55% of U.S. adults don't have an estate plan, leaving families at risk of disputes and costly probate proceedings. Estate planning isn't only for the wealthy; it's about control, clarity, care, efficiency, and legacy. Here are some key questions to consider for family conversations:

Questions Adult Children Can Ask 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 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?

Questions Parents Can Ask 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?

Introducing these conversations need not be formal. Choose a quiet moment during a walk or a casual chat to bring up these questions without turning the holiday into a meeting. Remember, discussing estate planning now can avoid confusion, legal disputes, and emotional pain in the future. It's a gift of clarity and love. If you're unsure where to begin, consider reaching out to a trusted advisor for guidance.