Give Thanks This Season by Planning Your Estate
Reflecting on Gratitude this Thanksgiving
Thanksgiving is a special time that invites us to pause and consider the many blessings we've received over the past year. It's a season dedicated to gratitude, family togetherness, and generosity. While sharing a delightful meal or exchanging gifts are classic ways to express gratitude, there's an often-overlooked gesture that embodies appreciation at its core — estate planning.
Estate Planning: An Act of Love
As we gather with loved ones, it's valuable to remember that an effective estate plan is perhaps one of the most meaningful ways to show care and gratitude. A comprehensive estate plan not only organizes your assets but also provides peace and comfort to those you care about, ensuring they are well taken care of in the future.
The Reality: Few Americans Have a Will
Despite its importance, only 24% of U.S. adults have a will as of 2025, with just 24% of young adults aged 18–34 having taken this vital step. From my experience as an estate planning lawyer, I can attest that a strong, up-to-date estate plan offers invaluable relief to family members at crucial times.
Take Advantage of the Holiday Season
The holiday season is an ideal time to initiate or revisit your estate plan, especially if you haven’t done so recently. It's a practical step that can significantly enhance the well-being of your loved ones. Here are some practical tips to get you started:
- Review Existing Documents: Take stock of current documents and ensure they reflect your current wishes.
- Decision Makers: Consider who you trust to make decisions on your behalf.
- Communicate with Family: Clearly share your intentions with family members to avoid misunderstandings.
A Seasoned Gift of Clarity and Love
Embrace the spirit of Thanksgiving by embarking on or refining your estate planning. It's an endeavor that furthers peace of mind and fosters long-lasting gratitude. Estate planning doesn’t need to be daunting; it's a thoughtful gift of clarity, love, and foresight.
As the season for giving thanks and giving back approaches, consider taking this important step.