Estate Planning in The New Year | What to Know

Many of us make New Year’s Resolutions. Every year, we promise to do things that will benefit us. For some people, this may mean eating healthier, for others it may mean reaching out to friends and family more often. This year, add estate planning to your list of resolutions. Read on to learn more about estate planning and how you can make it one of your 2021 resolutions.

Resolve to Begin Estate Planning

Are you putting off estate planning? If so, you are definitely not alone. You know it is something you need to do, but you just can’t find the time to get it done. After all, there is so much going on right now, it can feel hard to focus on the future. But, estate planning is one of the most important things you can do for yourself and your loved ones. Putting off your estate planning can have some serious consequences. Reach out to an attorney to begin the process this year.

Resolve to Update Your Estate Plans

If you have already created your estate plan, it can be tempting to move on and take an “out of sight, out of mind” approach. But, it is imperative that you continue to update your estate plans. As your life changes, your estate plan should change as well. Does your estate plan reflect your current circumstances? Some of the most common reasons to update your estate plan include marriage, divorce, the adoption/ birth of a child, a major change in assets, and the death of a loved one included in the current plan. If you have experienced any of these occurrences, you will want to reach out to an experienced estate planning attorney to make the necessary changes. Additionally, you may have started planning for your estate but never finished it. Maybe you made a will but recently decided you would like to make an advance healthcare directive. There are a lot of options when it comes to planning for your estate, so you should discuss your plans with an attorney who can create a personalized plan to suit your needs.

If you are interested in beginning the process or updating your estate plan, reach out to our firm today.

Contact our Firm

Sometimes, divorce, family, and estate matters are difficult to navigate. Fortunately, they do not have to be with the assistance of a compassionate, knowledgeable attorney who is willing to guide you every step of the way. If you need a seasoned firm to help you with any divorce, family or estate-related matter, please do not hesitate to contact Collis, Griffor & Hendra today to schedule a consultation.

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