The Holidays Are a Great Time for Estate Planning Talks
The holidays are a great time to catch up with loved ones, so why not make the most of it by having some important conversations? One topic that is often overlooked, yet critical to discuss is estate planning. Here are a few reasons you may want to sit down with your loved ones this year to talk about your wishes and answer any questions they may have so that everyone is on the same page if something happens to you.
1. You're all in one place.
The holidays are usually one of the few times when everyone is able to take some time off and be together. This makes it the perfect opportunity to have important conversations about your wishes for longterm care and your end-of-life plans while everyone is gathered in one place.
2. It's a time for reflection.
The holidays are often a time when people reflect on their lives and what's important to them. This can make it the perfect time to start thinking about estate planning and what you want your loved ones to do after you're gone. It can also be a good opportunity to update your will or trust if you've had any major changes in your life (e.g., birth of a child, death of a spouse, etc.).
3. There's usually downtime.
When you're gathered together with family during the holidays, there's usually some downtime when people are just hanging out or watching TV. This can be a great time to chat about estate planning without everyone feeling like they have to sit at the table and have a formal discussion. Instead, you can just bring it up casually and see where the conversation goes from there.
Remember: Planning is a Gift When a Crisis Strikes
No one likes thinking about their own mortality, but it's important to have a plan in place that deals with illness, incapacity, and death. If you're gathering with your family for the holidays, take advantage of the opportunity to have some important conversations about estate planning. You never know—it could end up being one of the best gifts you give them this holiday season.
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To your family's health + happiness.
~Candice N. Aiston