Making some changes for 2016? Remember your estate plan

The beginning of the New Year is a time when people try to buckle down and make some decisions that will hopefully make this a better year than the last. People make resolutions to be healthier, happier and even more responsible.

If you have resolved to do something like end a bad relationship or manage your finances better, you should also keep in mind how these resolutions could or should affect estate plans.

Many people put off creating an estate plan in the first place because it can be confusing and a little uncomfortable. However, starting a new year off with a plan in place for the future and a difficult task behind you can give you considerable peace of mind.

If you already have an estate plan in place, it may be wise to revisit it to make sure it still applies to your current situation and wishes. For example, if you have decide to get divorced this year, you will want to revisit documents like powers of attorney; if you resolve to be more charitable, you may want to adjust asset distribution plans to include donations to causes you care about.

Whatever goals you have for 2016 and beyond, taking the appropriate steps toward and to protect them can be crucial. While it can be a challenge to keep resolutions or follow through with difficult tasks, you should remember that you do not have to do it alone.

When it comes to changing or creating end-of-life directives, inheritances and estate plans, an attorney familiar with these areas can prove to be a critical resource and ally. The experienced lawyers at our firm are available to discuss your concerns and questions regarding estate planning and probate. For more information, please visit our website.

 

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