Monday, December 26, 2011

A New Year, A New Plan

Are you setting new goals for yourself in 2012? The new year tends to get us all to stop and think about our life, and evaluate what we would like to change or better about it. These goals and changes may affect your estate plan if they involve family circumstances or relationships with those close to you. For example, do you hope to grow your family and have children this year? Or has your relationship with a friend or family member changed so they are (or are not) a very trusted and important person in your life now? Family and relationship changes may raise the need to update your estate plan to change the beneficiaries you have named, re-evaluate how you are providing for your children in your plan, and review the people you have named to serve as your agents for health care and financial decisions. To keep your estate plan aligned with your wishes, make it one of your new year’s resolutions to review your estate plan!