Discussing Estate Planning During the Holidays

Estate planning is not the most festive topic to bring up during the holidays, but it is an important one. Many families avoid talking about their wills, trusts, and other aspects of their legacy because they fear it will cause conflict, sadness, or stress. However, there are some tips that can make holiday discussions about estate planning less uncomfortable and more productive.

• Choose the Right Time and Place

Don’t ambush your loved ones with a serious conversation when they are busy, distracted, or in a bad mood. Instead, find a private and quiet moment when everyone is receptive and relaxed. You can also ask them in advance if they are willing to talk about estate planning and schedule a meeting accordingly.

• Focus on the Benefits

Rather than dwelling on the negative aspects of estate planning, such as death, family disputes, or taxes, emphasize the positive outcomes, such as legacy, peace of mind, and security. Explain how estate planning can help protect your assets, your loved ones, and your wishes and from unnecessary complications and costs.

• Listen and Respect

Estate planning is not a one-way conversation. You should also listen to what your loved ones have to say and respect their opinions and preferences. Try to understand their concerns and address them with empathy and honesty. Avoid being argumentative, defensive, or judgmental.

• Seek Professional Help

If you feel overwhelmed or unsure about how to start or proceed with estate planning, you can always consult a professional advisor, such as a lawyer, accountant, or financial planner. They can help you create a customized plan that suits your needs and goals. They can also facilitate the communication process with your family and answer any questions or doubts they may have.