Gathering Around the Table: Estate Planning During the Holidays

The holidays bring the rare joy of gathering family from multiple generations in one place. These cherished moments, filled with shared meals, stories, and traditions, offer more than just connection — they present an invaluable chance to discuss the future together.

Nearly 55% of U.S. adults don’t have a will or estate plan. Involving your family in this conversation can prevent the 58% of disputes that arise posthumously due to lack of planning. Estate planning isn't only for the wealthy; it’s about control, clarity, care, efficiency, and legacy.

The Perfect Time for a Conversation

The holidays provide a unique opportunity to discuss estate planning. While the topic may be uncomfortable, think of it as a gift of clarity and love, saving your family from future confusion and legal battles.

Questions to Ask Each Other

Engaging in a calm, empathetic dialogue strengthens family bonds. Here are some key questions you can explore together:

Questions Adult Children Can 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?

Questions Parents Can 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?

Timing and Setting

Consider bringing up these discussions during calm moments — perhaps during a walk or while having coffee, rather than over the main meal.

Remember, initiating these conversations now can prevent emotional and financial distress later. Estate planning is a gift of love and clarity. If you're unsure where to begin or need guidance, consider reaching out to a trusted advisor. Let this holiday season be the start of securing peace of mind for your family’s future.