The holiday season is a time of joy, connection, and cherished traditions. Families gather to share meals, stories, and laughter, making it one of the rare occasions when multiple generations are together in one place.

Amidst the warmth of these moments, the holidays also offer an ideal opportunity to discuss something important: estate planning. Though it might feel uncomfortable, addressing this topic now brings peace of mind for the future.

Opening the Conversation

Most U.S. adults—nearly 55%—do not have a will or estate plan. Learn more. When there's no clear plan, probate can consume 3–7% of an estate’s value and last months or even years. Read more. Additionally, 58% of families report disputes without a plan. Find out more.

Therefore, tackling estate planning now isn't just for the elderly or wealthy. It's about:

• Control: Deciding who will manage your finances and healthcare.
• Clarity: Ensuring your wishes are known.
• Care: Protecting children, dependents, or pets with guardianship choices.
• Efficiency: Avoiding probate costs, taxes, and delays.
• Legacy: Passing down values, traditions, and stories.

Questions to Foster Understanding

Engage your family in conversations with empathy and calmness:

For Adult Children to Ask Their Parents:

• Do you have an up-to-date will or trust in place?
• Who have you chosen for financial and medical decisions if you’re unable to decide?
• 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 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?

Bringing Up the Topic Gently

To initiate these conversations without making them feel formal, consider doing so during a quiet moment or a walk, rather than over the main meal.

Empowering the Future

Conversations about estate planning can prevent confusion, legal disputes, and emotional pain later. They’re about love and care, not just assets. If you're unsure where to begin or need help navigating these conversations, please reach out to a trusted advisor for guidance.