estate plan

New Year, New Estate Plan

In Estate Planning, How Do You Choose an Executor of a Will? by casalmoreno

New Estate Plan for the New Year

The clock strikes midnight, the champagne is popped, and you’ve finished your rounds of “Happy New Year!” to your family and friends. Now what?

Typically, January 1st consists of hard reflecting on the new year’s resolutions we plan to implement and hopefully carry out through December. But when you are writing out that long list of resolutions, have you ever stopped to consider including your estate plan?

The beginning of a new year is a great time to evaluate events from the year before that can influence your estate planning. Perhaps a significant event occurred such as a newborn in your family or you are thinking about popping the question to your significant other close to Valentine’s Day. Major life moments affect your life and consequently your estate plan. A recent Modern Family episode addressed this in a different manner. One of the main couples on the program wrestles with the idea of something tragic happening to them and deciding who would take care of their minor child.

Regardless of the event, estate planning is relevant at all points in life. Consider taking the time in the new year to add creating or adjusting your plan to your resolutions list. If you are unsure of where to start, browse around the Internet. A recommended estate planning attorney can help you get started.

Don’t start 2017 unprepared!