Estate Planning: A Gift of Love Around the Holiday Table

The holiday season is a magical time when families come together around the table, sharing meals, stories, and traditions. It's one of the few times that all generations gather in one place, creating moments rich in emotion and connection.

These gatherings also offer a unique opportunity to talk about the future, specifically estate planning. While it may feel uncomfortable to bring up, these conversations provide peace of mind for everyone involved. With nearly 55% of U.S. adults lacking a will or estate plan, addressing this topic during the holidays can prevent future confusion and conflict.

Questions Adult Children Can Ask Their Parents

You don't need to make it a formal meeting. Consider bringing up these questions during a quiet moment:

• 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

Parents can initiate these conversations too:

• 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 conversations are essential and can be had with clarity, calmness, and empathy. They're not just about financial portfolios; they're about caring for loved ones and protecting what truly matters. Estate planning isn't merely for the wealthy; it's about control, clarity, and care.

Remember, starting this dialogue now even briefly can save from legal and emotional turmoil later. Think of estate planning as a gift of clarity and love. If you're unsure where to begin or need assistance, reaching out to a trusted advisor can be a valuable step.