Ho Ho Ho... Heart Attack? Did you know that heart attacks, accidents, and hospitalizations spike during the winter holidays? While it’s not the most festive topic, it’s a real reminder that life doesn’t always follow our holiday plans. So, while you’re decking the halls and wrapping presents, take a moment to think about giving your family a different kind of gift—the gift of peace of mind.
Here are 5 reasons why you should complete your estate plan before the end of the year:
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Heart Attacks and Other Incidents Are More Common During the Holidays
It might surprise you, but more people experience heart attacks and other health issues during the holidays than at other times of the year. Whether it’s the cold weather, extra stress, or the hustle and bustle of the season, the toll on your health can be serious.
Because these health problems can strike without warning, having an estate plan in place is crucial. If something happens, your family won’t be left guessing your wishes or dealing with legal headaches during an already difficult time. -
The End of the Year Is a Smart Time to Plan
Thinking, "I'll just do it next year"? Think again! There are smart reasons to finish your estate planning before December is over. For example, there may be tax benefits to help protect your money, and tax laws change yearly, so it’s wise to ensure your plan aligns with your financial goals.
Plus, by completing it now, you’ll start the new year with a fresh slate—no unfinished business hanging over your head. Just like cleaning up the holiday decorations, once it’s done, you’ll feel so much better. -
Avoiding Probate and Other Legal Problems
Without a will or estate plan, your assets could end up in probate—a long, often expensive legal process where the court decides what happens to your belongings. This can be even more complicated if family members don’t agree on how things should be divided.
The holidays are already emotional, and no one wants to deal with legal problems or family disputes. Finishing your estate plan can help your family avoid this stress and protect them from extra legal headaches. -
Planning for Long-Term Care
Estate planning isn’t just about what happens after you’re gone; it also covers what happens if you become seriously ill. Having documents like a power of attorney or healthcare directive allows someone you trust to make decisions if you can’t.
This is especially important during the holidays when people are busy and harder to reach. When your wishes are clearly documented, it takes the guesswork out for your family, allowing them to focus on supporting each other rather than stressing over what to do. -
Show Your Love with a Plan
Completing your estate plan before the end of the year isn’t just about paperwork—it’s an act of love. It shows your family that you cared enough to plan for their future. No matter what happens, they’ll know you were thinking ahead for them, and that’s a gift far more meaningful than anything material.
Don’t let the holiday season distract you from taking care of this important task. Give yourself the gift of checking it off your list, and give your family the peace and security they deserve. As you enjoy the holiday cheer, take a moment to wrap up your estate plan. It may not be something you can put under the tree, but it’s a gift that truly keeps on giving.
Lorie Burch founded Burch Law in 2005 with a singular mission: to give everyday people, from all walks of life, the time and attention “big” law firms give their high net-worth clients, but with a personal and customized approach. The Estate Planning Attorneys at Burch Law serve individuals and families with a compassionate approach and dedication to high-quality service.