Nov 13 min read

Making Winter a Season of Security

As the leaves fall and the days get shorter, we're reminded that winter is on the way. For many of us, this is a season for family gatherings, cozy nights by the fire, and reflecting on the year ahead. It’s also an ideal time to consider your estate plan—whether you’re creating one from scratch or reviewing and updating an existing one.

Winter brings a natural focus on family and home, and with the added statistics about estate planning, the case for putting your plans in place becomes clear. Did you know that a recent survey found only 33% of Americans have an estate plan? For many, it’s one of those “to-do’s” that gets left for another day, yet having an estate plan is one of the best ways to protect your loved ones.

Why Winter is the Perfect Time for Estate Planning

Winter is a season of slowing down. Unlike the busy summer months or the hectic back-to-school season, the quieter winter season provides a unique opportunity to think about long-term planning. Many people use this time to set financial goals for the coming year, and estate planning should absolutely be part of that picture.

Here’s a startling statistic: 68% of Americans don’t have a will. This means that most people are leaving important decisions about their assets, healthcare, and legacy up to state laws and court systems. And while it’s easy to put off, getting an estate plan in place now can offer peace of mind that your family will be cared for.

Key Estate Planning Elements to Consider This Winter

As you settle in for the season, here are a few estate planning essentials you might want to tackle:

A Will – At its core, your will outlines who will inherit your assets and name guardians for your children. This is foundational, and it’s easier to put in place than many people think!
Healthcare Directives – Sometimes called a "living will," healthcare directives specify your wishes regarding medical care if you’re unable to make decisions yourself. Considering this is especially comforting for families who may otherwise face tough decisions.
Power of Attorney – This document gives someone you trust the authority to handle your financial or legal matters if you’re unable to. It’s a step that can save family members from costly and time-consuming court proceedings.
Trusts – Setting up a trust can help avoid probate, provide for special circumstances, and offer more control over when and how your assets are distributed.
Beneficiary Updates – Finally, winter is a great time to review any beneficiaries you’ve listed on insurance policies or retirement accounts. This can easily slip through the cracks, but it’s essential to ensure the right people benefit.