As the end of the year approaches for parents like me who live in Hinsdale, Western Springs, La Grange, La Grange Park, Downers Grove, or any of Chicago's western suburbs, families settle into a familiar rhythm: winter break at schools, holiday gatherings, and a chance - however brief - to slow down and reflect.

For many parents in the 35 - 45 age range, the holiday season becomes the one time of year when life finally creates a little breathing room. You step back, look at the big picture, and think about how to make next year smoother, more organized, and more intentional.

That’s exactly why the holiday season is the perfect time to build (or update) your core estate planning foundation. Not out of fear or pressure, but because the holidays naturally make us reflect on the people we care about most - and some practical steps that can support and protect them.

What a Solid Estate Planning Foundation Looks Like

A strong foundational plan for a younger family typically includes: 1) Revocable living trusts; 2) Wills naming guardians for children; 3) Financial and medical powers of attorney; 4) Coordinated titling and beneficiary designations; 5) Basic asset protection for a surviving spouse and children; and 6) Long-term tax-efficient planning, including future estate tax and GST considerations.

Think of it as familial decluttering and organization before the new year begins – it brings clarity, structure, and a real sense of control.

Why Parents from Ages 35 - 45 Benefit from Planning Now

Parents with younger children located in Hinsdale, Western Springs, La Grange, La Grange Park, and Downers Grove often have: 1) Growing home equity; 2) Increased retirement contributions; 3) Rising investment accounts; 4) Life insurance; 5) Business interests; and 6) Busy calendars with limited space.

You don’t need to be wealthy to need a plan – you just need assets that matter and people you want to protect. So, as your schedule slows a bit during the holiday season, it could be beneficial to step back and think about the bigger picture.

A Trust Helps Protect Your Children in Every Season of Life

Parents don’t just think about today – they think about the future. A well-designed trust can protect your children’s inheritance from: 1) Creditors; 2) Future divorce/spouses; 3) Lawsuits; 4) Financial mistakes; and 5) Professional liability. It ensures your children don’t inherit assets in a vulnerable way and that their future remains stable and protected.

During the holidays - when extended family is around and generations gather - this kind of long-term thinking feels especially natural.

Build Your Estate Planning Foundation Before the New Year Begins

If you’re a family in La Grange, La Grange Park, Western Springs, Hinsdale, or Downers Grove, now is the perfect time to put your core estate plan in place. If you’re ready to begin the new year organized and prepared, feel free to send me an email at matt@dcmslaw.com or call me at (630) 920-0406 - I’m here to help you get started