For one-fifth of polled Americans, disputes at holiday gatherings lead to estate planning fallout

For one-fifth of polled Americans, disputes at holiday gatherings lead to estate planning fallout
Survey by Trust & Will reveals the touchiest subjects for families, and how conflict dynamics differ according to age and region.
NOV 27, 2024

Holiday gatherings are often a time for families to reconnect, but a recent survey from Trust & Will reveals they can also become a flashpoint for disputes with lasting consequences.

According to the survey conducted between November 6 and November 8, in the immediate wake of the presidential election, nearly two-fifths (40 percent) of families report experiencing open disagreements during holiday celebrations.

Notably, one-third of these conflicts lead to lasting grudges, and nearly 20 percent of respondents indicated that such rifts have resulted in changes to a family member’s will or estate plan.

The survey of 500 individuals found that politics, especially in a post-election environment, is the most common source of tension, cited by 34 percent of respondents. Other leading causes include past family grievances (32 percent), relationships (25 percent), finances (25 percent), and parenting (17 percent).

While sensitive topics such as inheritance or family heirlooms may end up being the proverbial elephant in the room, 38 percent of respondents admitted that holiday conversations sometimes touch on these issues, even in lighthearted ways.

Despite the challenges of interpersonal tensions and navigating family dynamics during reunions, Cody Barbo, CEO of Trust & Will, argued that the holiday season open a window to address sensitive topics constructively.

“The holidays are a great opportunity to have meaningful conversations about your legacy and intentions,” he said in a statement revealing the findings. “We encourage families to take a thoughtful, long-term perspective, focusing on what truly matters, rather than letting temporary emotions shape important decisions.”

The survey also highlighted differences in holiday conflicts based on demographics. Millennials were most likely to cite relationship issues as a focus of holiday conversation (37 percent), while Baby Boomers pointed to politics (36 percent). Past grievances, meanwhile, were a source of consternation for 40 percent of Gen Y and 32 percent of Gen X.

Regional factors also shaped tensions: respondents from the West were most likely to identify finances as a source of arguments (34 percent), while political discussions dominated in the Midwest (38 percent). In the Southeast, relationships and love lives were cited most often (37 percent), while parenting concerns were a primary trigger in the Northeast (30 percent).

Latest News

Advisor moves: Wells Fargo FiNet lands $580M Ameriprise team
Advisor moves: Wells Fargo FiNet lands $580M Ameriprise team

LPL Financial and Raymond James also add independent advisors from Osaic and Edward Jones in Michigan and Arizona.

M1 Advisor bets AI can serve clients wealth managers turn away
M1 Advisor bets AI can serve clients wealth managers turn away

The SEC-registered RIA advises on more than $1 billion in client assets, with no advisory fee through 2027 and no human financial advisors.

SEC charges Caris Investment Partners in alleged cherry-picking scheme
SEC charges Caris Investment Partners in alleged cherry-picking scheme

95.8% of house trades were winners. For clients? The SEC says just 14.9%.

Pension fund accuses Duolingo of burying user-growth crisis
Pension fund accuses Duolingo of burying user-growth crisis

The complaint says Duolingo added friction on purpose, then lied about it.

Wirehouses losing more advisors so far in 2026: Report
Wirehouses losing more advisors so far in 2026: Report

The four wirehouse firms lost 1,449 experienced advisors and recruited 932 in the first six months of the year, according to Diamond Consultants.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor