The holiday season is a perfect time to talk to family members about estate planning. For many, the holidays are a time to reflect on what we are most thankful for in life. Family and friends are often at the top of this list. And since many families are separated by distance, the time when everyone gathers for the holidays is perfect to start an important discussion about estate planning.
Estate planning can be a difficult conversation at any time of the year. As a long-term care adviser in Raleigh, I can provide some helpful advice for getting the process started, or to just review and revise your existing estate plan.
Here are three reasons to talk to family about estate planning over the holidays:
- Get everyone on the same page. Most family conflict that occurs after the death of a family member is the result of miscommunication or assumptions about their loved ones’ wishes. Avoid this unnecessary conflict by getting everyone on the same page while the family is together.
- Relieve some stress and anxiety. Estate planning can be a difficult topic but having a plan in place can provide relieve some stress for family members. Oftentimes, adult children are worried about whether their parents have their affairs in order as they age and what role their parents want them to play in the process.
- Receive feedback. A conversation about estate planning will allow family members to share their concerns and perspectives. Perhaps there’s a family member who may be better suited for serving as a power of attorney versus a health care agent. These conversations can help inform important roles.
For some, the holidays may not be the best time to have estate planning discussions due to certain family dynamics or recent circumstances. In that case, let your family members know that you want to discuss estate planning and schedule another time during the year for a family talk. For assistance with your estate planning, we are here to guide you and your family through the process. Contact us today.