Gather Around the Holiday Table: Estate Planning Insights

Nearly 55% of U.S. adults don’t have a will or estate plan in place. Probate without a clear plan can consume 3–7% of an estate’s value and drag on for months or even years. 58% of families without an estate plan report disputes or conflicts after a loved one’s death.

The holidays are a rare time when families gather across generations, sharing meals, stories, and traditions. These warm, emotionally rich moments present an ideal opportunity to discuss forward-looking topics like estate planning. While it might feel uncomfortable, talking about the future can bring peace of mind.

Questions Adult Children Can Ask Their Parents:

Do you have an up-to-date will or trust in place? Understand the current status and ensure all intentions are documented.

Who have you chosen to make financial and medical decisions if you’re unable? Confirming these details now can prevent confusion later.

Have you shared your wishes for medical care and end-of-life planning? Knowing these wishes helps align family actions with personal choices.

If something happened tomorrow, would we know where to find your important documents and accounts? This ensures easy access to essential information when needed.

Are there heirlooms or traditions you’d like us to know the stories behind? Understanding the sentimental value of family items enriches legacy.

Do you feel confident that the people you’ve chosen to handle your affairs are still the right ones? Assure that the chosen individuals are still suitable for their roles.

Questions Parents Can Ask Their Adult Children:

Do you know where to find my important documents in case of an emergency? This prepares the next generation to act swiftly if required.

Have you considered creating your own will or an estate plan? Encourage proactive steps towards personal responsibility.

If you received an inheritance tomorrow, would you know what to do with it — or who to turn to for help? This helps plan for sudden responsibilities.

Are there family keepsakes or traditions you’d be heartbroken not to have carried forward? Communicate these preferences to maintain family legacy.

If you had to step in to help us — financially or medically — what support would you need? Planning for potential roles ensures preparedness and confidence.

These conversations can be approached gently, perhaps during a quiet moment or a walk, rather than over the main meal. Addressing estate planning now prevents legal disputes and emotional pain later. It's a gift of clarity and love. If you're unsure where to begin, or need guidance, reach out to a trusted advisor.

Estate planning means:

  • Control – Deciding who will handle your finances, healthcare, and estate if you can’t.
  • Clarity – Ensuring your loved ones know your wishes instead of leaving them to guess.
  • Care – Protecting minor children, adult dependents, or even pets with guardianship choices.
  • Efficiency – Avoiding unnecessary probate costs, taxes, and delays.
  • Legacy – Passing down not just assets, but values, traditions, and family stories.

Plan now, ease tomorrow’s burdens.