New Year, New Estate Plan
Welcome to 2021! A new year is a time for optimism and new opportunities. It is a time to start fresh and make sure you are headed in the right direction. But making New Year’s resolutions is not enough: Take action now to ensure that you and your family or loved ones are prepared for the future!
Create a New Estate Plan in the New Year
A new year is a great time to take positive steps that will enhance your life, including putting an estate plan in place. There are many reasons why having an estate plan is beneficial. Having a comprehensive estate plan designed with the help of an experienced estate planning attorney can provide substantial peace of mind, both for you and for the loved ones you will eventually leave behind. In addition, you can put plans in place for your own care if you become unable to care for yourself. By having a well-thought-out estate plan, you can avoid:
Review an Existing Estate Plan
It is important to review the estate plan you made in the past, whether that was 20 years ago—or even one year ago—to ensure that it will still accomplish your estate planning goals.
Think about what has changed in your life and if there are aspects of your estate plan that are no longer relevant or need revision. Change is a constant in life: If you have experienced a change in your marital status, a new child has been born, your financial status has improved, a beneficiary has died, the person you have named as trustee is ill, or other similar changes in life circumstances have occurred, it is important to update your existing estate plan. Even if you are not certain that anything has occurred that would affect your plan, it is wise to meet with us on a regular basis to ensure that your plan will still meet your goals: A change you think is insignificant may have an unexpected impact on your plan.
Let Us Help You Make a Great Start to the New Year!
The new year is all about new beginnings. You can take steps today to make sure plans are in place for your own care and to provide for your family. Call us to set up a meeting. We look forward to helping you start the new year heading in a positive direction.
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