Navigating Year-End Estate Planning: A Guide for the Holiday Season

Navigating year-end estate planning with guidance from a lawyer.

The holiday season brings families together, often shining a light on matters we’ve been too busy to address during the year. It’s a time when certain realities become clear, and the need for estate planning moves to the forefront. As we gather to celebrate, it’s also a moment to reflect on the future and take steps to ensure our loved ones are protected. Here are some estate planning considerations that may come up during the holidays:

1. Recognizing the Needs of Aging Relatives

The holiday season might reveal that an older family member may soon require more care than currently provided. Whether it’s a noticeable decline in their ability to live independently, or just a gut feeling that it’s time to plan for the next chapter, starting the conversation about an estate plan or long-term care is crucial. We’re here to guide you through the options, answer your questions, and help create a plan that offers security and peace of mind.

2. Dealing with Loss

The holidays can also be a time of loss, and we often receive calls from clients facing the task of administering a loved one’s will or trust. The weight of grief coupled with the duty of estate administration can be overwhelming. If you find yourself in this position, know that you’re not alone. Our team is here to help you understand the process and take each step with compassion and professionalism. 

3. Preparing Young Adults for the Unexpected

With college students home for the holidays, it’s a great time to discuss the importance of having a power of attorney and healthcare directive in place. These documents give parents the authority to act on their children’s behalf in case of an emergency. It’s a simple step that can provide enormous relief if the unforeseen happens. Let’s make the most of this family time by setting up a meeting to create these essential documents before the semester starts again.

The end of the year is a reflective period, but it’s also a time for action. As you enjoy the holiday season, take a moment to consider these estate planning tasks. They may not be the most festive of activities, but they can ensure that the next year and those to follow are more secure for you and your loved ones. If you need help getting started with any of these steps, please don’t hesitate to contact us.

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