The holiday season isn’t just about gifts and celebrations—it’s also an opportunity to focus on what truly matters: your family’s future. With loved ones gathered, it’s a perfect time to consider adding an estate plan to your holiday priorities.
Why the Holidays Are Perfect for Estate Planning
The holidays provide a rare chance to bring the whole family together. Whether you already have an estate plan or are considering creating one, this is the ideal time to discuss your plans openly:
- For those with an existing plan, the holidays allow you to check in with individuals named in your documents, such as executors or agents under a power of attorney. Are they still willing and able to serve?
- For those without a plan, discussing key decisions like guardianship for children or asset distribution is easier when everyone is together.
Being proactive during this season sets the foundation for smoother transitions and reduces potential misunderstandings later.
Revisiting Your Plan: Key Updates to Consider
Even if you have an estate plan, life changes may require updates:
- Family Dynamics: Have there been marriages, divorces, births, or deaths that affect your decisions?
- Agent Fitness: Are the individuals you’ve chosen as executors or powers of attorney still the right fit?
- Asset Changes: Have you acquired or sold significant assets that should be included?
Use this time to identify any adjustments needed and make a resolution to update your plan in the new year.
Estate Planning for First-Timers
If you don’t yet have an estate plan, the holidays are a good time to reflect on what’s important to you and start conversations with your family. Key points to discuss include:
- Who will serve as guardians for minor children?
- How should your assets be distributed?
- Who will handle financial or medical decisions if you’re unable to?
Establishing an estate plan isn’t just about legal documents—it’s about giving your family peace of mind.
Start the New Year Prepared
An estate plan is a thoughtful gift to yourself and your loved ones. It safeguards your legacy, ensures your wishes are honored, and makes things easier for your family during challenging times.
Let this holiday season be the start of meaningful conversations and decisive actions. Contact us to create or update your estate plan, so you can start the new year with confidence.
