As the holidays approach, families across generations come together to share cherished meals, stories, and traditions. These gatherings are filled with emotional richness, offering a perfect setting to connect, laugh, and reflect on the past year.

While such moments are joyous, they also present a unique opportunity to discuss the future, particularly estate planning. Though the topic might seem daunting, addressing it can bring peace of mind and clarity.

Why Discuss Estate Planning During the Holidays?

Nearly 55% of U.S. adults don’t have a will or estate plan in place. Without a clear plan, probate can consume 3–7% of an estate's value, lasting months or even years. Additionally, 58% of families without an estate plan report conflicts after a loved one's death.

However, estate planning is for everyone, young or old, wealthy or modest. It ensures control over financial and healthcare decisions, clarity about personal wishes, care for dependents, and efficiency in handling estates.

Questions to Foster Understanding and Preparation

For Adult Children to 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?

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 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?

Approaching the Conversation Lovingly

Bring up these questions during casual moments, like a quiet walk or after a meal, rather than during the main festivities. Approach the topic with empathy and calmness, reframing estate planning as an act of love and clarity for your family.

Empowerment Through Planning

Engaging in these conversations now can prevent future legal dilemmas and emotional stress. Estate planning is ultimately a gift to your loved ones, ensuring your wishes are honored. If you feel unsure about where to start, don’t hesitate to reach out to a trusted advisor for guidance.