Fresh starts can be really nice sometimes. “Out with the old, in with the new” can be energizing. Let’s start the new year by asking a few estate planning questions.
Many people procrastinate when it comes to their estate plan, thinking, “Oh, I’ll never really need it.” But the truth is, everyone will need an estate plan at some point.
Why not start off the New Year with some peace of mind and take a minute to reflect on the state of your plan?
Here are 3 estate planning questions to consider as you head into the New Year:
- Should your plan be changed to reflect changes in your life? A change in marital status or the birth of a child or grandchild can mean you need to update your plan.
- Did you acquire any new assets last year that might impact your plan? Did you finally buy that vacation home or RV? New assets can affect your plan.
- Are your executors and trustees still the right people for the job? As we said above, life circumstances can change. This can be true for your plan’s helpers as well. Are they still the best person for the job?
There are many other considerations, but these three questions are a good start.
As always, if you have any questions or concerns, feel free to call our office. We’d love to speak with you. And be sure to check out our upcoming workshops. Our “Getting Started With Wills & Trusts” workshop is a great introduction to the basics of creating an effective estate. It’s also a great way to know whether Edwards Group is a good fit for you and your family.