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DuPage County estate planning attorneysIt is hard to believe, but the winter holiday season is just about upon us once again. While Thanksgiving evolved as a celebration of the harvest and is, therefore, a fall holiday, it is also seen by many as the first of the winter holidays that also include Christmas, Hanukkah, and New Year’s. For the next month or so, families throughout the country will be getting together to eat, drink, and honor traditions that stretch back for many generations.

If your family will be getting together during the holidays, you might consider taking advantage of the opportunity to discuss your estate plans. Obviously, talking about what will happen after your death might not be the most comfortable discussion ever, but having the conversation now could go a long way toward preventing disputes and family infighting later.

Things to Talk About

This estate planning discussion does not need to last for many hours, nor does it need to be terribly detailed. The main goal is to let your loved ones know that you have created an estate plan and that the plan includes several important decisions. It is up to you to decide who should be included in the discussion, but most experts agree that your spouse and all of your children should be present, if at all possible.

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Lombard estate planning attorneysDo you have a signed and executed will or any other elements of an estate plan in place? If so, you are already ahead of more than half of American adults.

Next question: Have you had in-depth discussions about estate planning with your children and other important family members? If so, you and your family are well prepared for unexpected surprises—assuming your estate plan addresses all or most of the details that are significant to you and your loved ones.

Final question: Would your children agree that you have had the necessary conversations and do they know where to find important documents, passwords, and account information? Unfortunately, serious disconnects in communication are all too common when it comes to estate planning.

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