New Year’s Resolutions are a long-held tradition. Every year as January rolls around, we make various promises to better ourselves and our lives. Often, these resolutions are difficult to keep, and giving up on one resolution usually leads to giving up on all of them. This year, try making estate planning one of your 2021 goals. This will benefit you and your future self in a number of ways. Read on to learn more about estate planning in 2021.
Resolution: Start Planning
It can be easy to put off estate planning. There is a lot going on in the world and you likely have a lot on your plate right now. As a result, it can be hard to plan far ahead when you are so focused on the present. But, it is important that you do not wait too long to begin the estate planning process. It is always a good idea to be prepared for the future, and creating an estate plan will benefit you and your loved ones immensely. Some of the documents you may want to consider creating include a will, trusts, a power of attorney, a healthcare directive, and more. If you have some of these documents, but not all, now is a great time to complete your plans. If you have any questions about beginning the estate planning process or you would like to make an appointment for an initial consultation, reach out to our firm.
Resolution: Update Your Plans
Many people create estate plans and then move on with their lives. Your life will change continuously over the years and your estate plans should reflect these changes. If you created an estate plan and haven’t looked it over in a while, now is a great time to make sure your plan matches your current circumstances. Some of the most common reasons to update your estate plan include marriage, divorce, adoption/childbirth, and the death of a loved one. If you fail to update your estate plans, a lot can go wrong. For example, you may accidentally include someone you no longer wish to include, or accidentally leave an important person out of your plans.
If you are interested in creating or updating your estate plans, contact our firm today. We are here to help you create an estate plan that meets all your needs, this year and in the years to come.
Contact our Firm
The Lauterbach Law Firm is proud to serve clients throughout Rockland County who are faced with legal matters related to estate planning, real estate, foreclosure defense, landlord-tenant law, business law, and criminal defense. If you require the services of an experienced team of attorneys, contact The Lauterbach Law Firm today to schedule a consultation.