As we enter 2025, it’s the perfect time to take action on securing your family’s future. If you’ve been putting off estate planning or need to update your current plan, follow these five steps to ensure your loved ones are well taken care of.
Schedule a Family Meeting
Start by discussing your goals, values, and wishes with your family. Ensure everyone understands your financial situation and any responsibilities and address any concerns or questions. Discuss who your power of attorney agent and healthcare surrogate can be.
Gather Important Documents
Collect key documents such as financial statements, property deeds, insurance policies, and account information. Having everything organized will streamline your planning process.
Review Life Changes
Think about any recent changes—family additions, property transactions, divorce, a family member’s passing, business changes, or retirement plans—and adjust your estate plan to reflect them.
Update Your Plan
Review and update your will, trusts, and beneficiaries based on any life changes (#3 above), or if you have changes to your estate planning goals.
Communicate Your Plan
Share your plan with key family members, organize and make important documents accessible, and create an easy-to-access system. Regularly review your plan to ensure it stays up to date.
Protecting Your Family’s Future Starts Now
Make protecting yourself and your family’s future your New Year’s resolution. Proper planning gives you peace of mind. Our team can assist you if you need help creating or updating your estate plan.
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