por Kristen Ishihara y Chris Parker de Ishihara & Parker Law Firm PLLC

The holidays are a time for family, fun, and… estate planning? Okay, we know it’s not exactly the most festive topic, but hear us out—there’s no better time to have these important conversations than when everyone is together and in good spirits. Plus, getting things sorted now can save a whole lot of stress down the road.

Step One: Ask If There's a Will

The first and most important question: Do you have a Last Will and Testament? Yes or no. If the answer is yes, the follow-up should be, Can we confirm that it’s valid?

Why does this matter? Because people often think they have a will when they don’t. Maybe they never signed it, maybe they only have a draft, or maybe it was handwritten (which raises red flags). The point isn’t to read it yourself—it’s to make sure it’s legally sound. A lawyer can help with that, and we strongly suggest getting it reviewed by a professional.

Also, find out where the original will is located. A common mistake is storing it in a safe deposit box—only for no one to have access when the time comes. Make sure whoever needs it can get to it when necessary.

Step Two: Powers of Attorney Are Just as Important

Wills are crucial, but so are Powers of Attorney for finances and healthcare. These allow someone trusted to make decisions if a parent becomes incapacitated. Without them, families can end up in lengthy, expensive court battles just to handle basic matters.

Again, the earlier these documents are in place, the better. If you wait until there’s an illness or crisis, it might be too late.

Step Three: Know Where the Money Is

We’re not saying you need to know how much is in your parents’ accounts, but you should at least know where they bank. Many people have accounts spread across multiple banks, investment firms, or insurance companies. Without a list, families can spend months (or even years) tracking everything down.

A great idea is to have your parents create a “death guide”—a document listing all their financial institutions, insurance agents, investment accounts, and even funeral preferences. It’s not about control; it’s about making sure nothing gets lost in the shuffle.

Step Four: Make Sure Both Parents Are in the Loop

In many families, one parent handles finances while the other doesn’t. This can be a major issue if the financially-savvy parent passes first. Make sure both parents understand where things are, how to access accounts, and what needs to be done in an emergency.

Step Five: Approach with Love (Not Self-Interest)

This isn’t about what you’re getting or who gets what—it’s about making sure your parents’ wishes are honored and that things go smoothly when the time comes. Some people are sensitive about these topics, so approach with empathy and reassure them that this is for their benefit.

Reflexiones finales

Estate planning isn’t the most exciting holiday conversation, but it’s one of the most important. Getting things in order now can prevent stress, confusion, and family disputes later. Plus, 100% of people who complete their estate plans say they feel a huge sense of relief.

So, while you’re home for the holidays, consider having this conversation. Your future self (and your family) will thank you!

Merry Christmas, Happy New Year, and here’s to a future with less stress and more peace of mind!

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