Bringing up how your belongings, property, and finances will be divided after you’re gone can feel uncomfortable—but at Axis Estate Planning, we know that having that conversation early is one of the most caring steps you can take for your family.
Clear, open communication today can prevent misunderstandings, reduce emotional stress, and ensure your loved ones understand the “why” behind your decisions.
Why It’s More Important Than Ever
In 2025, more families are creating or updating estate plans than ever before. Major life changes, evolving tax laws, and the ongoing Great Wealth Transfer from one generation to the next make it essential to revisit your plan regularly.
We recommend reviewing documents such as wills, trusts, powers of attorney, and beneficiary designations every 3–5 years—or immediately following major life events—to ensure your wishes remain clear and enforceable.
Begin with the “Why”
Instead of starting with a list of “who gets what,” begin by sharing the values and intentions that guided your choices.
For example:
- Passing a family heirloom to the person most connected to its history
- Setting aside funds to help a grandchild through college
- Keeping property in the family for future generations
When loved ones understand your reasoning, they’re more likely to honor your wishes without dispute.
Don’t Forget Digital Assets
Your life exists both in the physical world and online. In many states, laws now allow you to formally grant someone access to your digital accounts through your estate plan.
Consider:
- Online banking and investment accounts
- Social media profiles
- Photo and video storage
- Cryptocurrency wallets
Without clear instructions, these assets may be difficult—or even impossible—for loved ones to access.
Identify Key Roles Early
If someone you trust will serve as executor, trustee, or power of attorney, let them know ahead of time.
Make sure they:
- Understand their responsibilities
- Know where to find important documents
- Feel comfortable asking questions now—before decisions are urgent
Make It an Ongoing Conversation
This isn’t a one-time talk. Births, marriages, new homes, business sales, or changes in the law can all impact your plan.
By revisiting your estate plan periodically and updating your loved ones when changes occur, you help ensure everyone is informed and avoid confusion down the road.
The Real Goal: Peace of Mind
These conversations aren’t just about dividing belongings—they’re about protecting your vision, your values, and your hopes for your family’s future.
Approaching the topic with honesty and care today can help your loved ones avoid uncertainty, legal conflict, and stress tomorrow.
Plan for the future and protect your legacy.
Visit Us: 900 Wilshire Drive, Suite 105, Troy, MI 48084
Call Us: (248) 251-1001
Learn More: www.axisattorneys.com
