Family Gatherings: A Perfect Time for Estate Planning

The holiday season brings families together, creating cherished moments filled with joy and tradition. It's one of the rare times when multiple generations gather, making it an ideal opportunity to discuss the future, including important topics like estate planning.

Opening the Conversation

While estate planning might feel uncomfortable, speaking about it now can offer invaluable peace of mind. Here’s how to gently introduce the topic: consider discussing it during a quiet walk or after a big meal, when everyone is relaxed and attentive.

Questions to Ask

For Adult Children to Ask Parents:

• Do you have an up-to-date will or trust in place?
• Have you shared your wishes for medical care and end-of-life planning?
• Who have you chosen to make financial and medical decisions if you’re unable to?
• Where can we find your important documents and accounts if needed?
• Are there heirlooms or traditions you’d like us to know the stories behind?

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 estate plan?
• What would you do if you received an inheritance tomorrow?
• Are there family keepsakes or traditions you’d love to carry forward?
• If you had to step in to help us, what support would you need?

Tips for a Smooth Discussion

Avoid turning the holiday into a formal meeting. These conversations are best held in warm, supportive environments. Reassure your loved ones that estate planning is an act of love—it's about removing future burdens and ensuring everyone's wishes are respected.

Your Next Steps

It's empowering to know your family's affairs are in order. If you're unsure where to start, consult a trusted advisor to help navigate these conversations. Remember, estate planning is a gift of clarity and love that can prevent future disputes and provide peace of mind.