As the seasons change, many of us feel inspired to make changes in our lives. For some, spring brings a sense of renewal, while others get that feeling when kids head back to school. But the New Year is when most of us start setting goals.
We often kick off the year with resolutions—like losing weight or tackling a project we’ve been putting off. But how often do those really stick?
This year, instead of resolutions, why not focus on solid plans for the future—like updating your will or medical directives?
Why Estate Planning is Essential:
Many people are uncomfortable with the idea of estate planning, and 64% of Americans don’t have a will. Some feel they don’t have enough assets or just don’t have the time. But planning now ensures your loved ones are taken care of later.
When Should You Update Your Will?
Life changes, and sometimes that means revisiting your estate planning. Here are a few scenarios when updating your will makes sense:
1. New Living Arrangements:
Have you moved or downsized? Have your kids moved out? Events like these can impact your estate plan.
2. New Job:
Changing jobs can affect your insurance or benefits, so check if your estate plan still aligns with your situation.
3. Growing Families:
If you have more children or grandchildren, your will might need to be updated.
4. Changes in Law:
Estate planning laws can shift, so it’s good to ensure your documents are up to date.
The Three Documents You Need:
1. Your Will:
It outlines who inherits your assets and cares for your minor children. Without it, the court may decide.
2. Medical Directive:
If you’re unable to make medical decisions, this document lets your family know your wishes.
3. Financial Plan:
From investments to debts, a clear financial plan ensures your family knows how to manage your assets.
Planning for the Future:
It’s not easy to think about, but having your will, medical directive, and financial plan in place gives you peace of mind.
Instead of focusing on resolutions, why not make sure your loved ones are protected and your wishes are clear?
It's not about being morbid; it’s about being prepared. And that's a plan worth sticking to!
Always consider consulting with a licensed Estate Planning Attorney to assure your documents are rock solid. then pick up the phone and call Girl Friday Notary Services to notarize those important documents to seal the deal with a smile!
GIRL FRIDAY NOTARY SERVICES
Notarization may be boring, but I'm not!
253.208.2792
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