Estate Planning: Conversations for the Holiday Table
Tracy Tirey

The holiday season is a time when families come together, sharing meals, stories, and traditions. It's one of those rare occasions where multiple generations gather under one roof, providing a perfect setting for meaningful conversations about the future, especially in Northglenn, CO.

While estate planning might be an uncomfortable topic, discussing it during these gatherings can bring peace of mind. When thinking about estate planning, consider consulting with Tracy Tirey, a dedicated estate planning attorney at Tirey Law Firm.

Start with These Facts: Did you know that nearly 55% of U.S. adults don't have an estate plan? Without one, probate can consume 3–7% of an estate's value. Plus, 58% of families without a plan experience conflicts after a loved one's passing. This highlights the importance of having a plan to avoid probate costs.

Why Talk About Estate Planning? Estate planning isn't just about wealth. It's about:

  • Control – Deciding who manages your finances, healthcare, and estate if you're unable to.
  • Clarity – Ensuring your loved ones know your wishes.
  • Care – Protecting children, dependents, or pets with guardianship choices.
  • Efficiency – Avoiding unnecessary probate costs and delays.
  • Legacy – Passing down values, traditions, and stories.

Key Questions for Families

For adult children asking parents:

  • Do you have an up-to-date will or trust?
  • Who have you chosen for financial and medical decisions?
  • Have you shared your medical and end-of-life wishes?
  • Would we know where to find your important documents?
  • Are there heirlooms you want us to cherish?
  • Are you confident in your chosen representatives?

For parents asking adult children:

  • Do you know where my important documents are?
  • Have you considered your own estate plan?
  • Would you know what to do with an inheritance?
  • Which family keepsakes matter most to you?
  • If needed, how would you support us financially or medically?

How to Approach the Conversation

Bring up these questions during a quiet walk or peaceful moment. Avoid making it a formal discussion over the main meal. This way, the conversation feels less daunting and more about caring for each other.

Remember, having these conversations now prevents confusion and conflict later. Estate planning is a gift of clarity and love. If you're unsure where to start or need help navigating these conversations, reach out to Tirey Law Firm, a trusted estate planning firm serving the Denver metro area, for guidance.