The end-of-year holiday season brings families together to share their hopes and dreams of the future. It is a time of joy and togetherness that most remember fondly until the next family celebration.
You may not realize this, but the holidays are an ideal time to take on those estate planning tasks you may have been putting off. Here are three good reasons to make estate planning topics part of your holiday conversations.
Learning opportunities
When families reunite, they often talk about the future and what they hope to achieve. Pay attention, and you could have a candid opportunity to learn what inspires passion in your loved ones. With this knowledge, you can shape your estate plan to help the dreams your heirs may have come true.
It is also an ideal time to refresh your knowledge of the trusts and wills laws in New York (or New Jersey), which can change rapidly.
Contemplative moods
Many enter a reflective mood during the holidays, contemplating their past decisions and how they want to live life from now on. When your loved ones are open and reflective, they may better understand your estate planning decisions.
This may help to prevent misunderstandings about your will or advance medical directives among your family members.
Yearly reminder
Using the holidays to address estate matters helps you create an association between the end of the year and estate planning. The holiday season can remind you that it is time to go over your documents and ensure they meet your needs.
If you find any irregularities, you can schedule an update with your representative, ensuring you enter the new year with your estate plan in tip-top condition.
