It’s that time of the year where the hustle and bustle of our daily lives, estate planning often takes a backseat. However, dedicating a small amount of time to quick and manageable tasks can have a significant impact on your long-term estate planning success. As we kick off the new year, let’s explore a list of simple yet effective tasks tailored for individuals with busy schedules.
Look Over your Estate Plan:
Dust off your estate plan and give it a quick review. Confirm that the individuals and instructions named in your plan still reflect your wishes.
Schedule a Review Meeting:
If you are a current client and are not sure if your plan still accurately reflects your wishes or if you discover that you need to update or change something, give our office a quick call or shoot us an email to schedule a meeting to review your plan. If you want to save on commute time, feel free to ask us for a Zoom meeting.
Digital Asset Inventory:
Compile a list of your digital assets, including online accounts, passwords, and important documents. Store this information securely and share access with a trusted individual.
Insurance Checkup:
Review your insurance policies, including life, health, and property insurance. Confirm coverage amounts and update policies if necessary. If you think you need to update these but are not sure where to start, shoot us an email and we will be happy to recommend a trustworthy insurance professional to walk you through the process.
Document Organization:
Take a few minutes to organize and centralize your important documents. This simple step can save time and stress for your loved ones in the future. Better yet, make sure your important documents are stored in a small fireproof save in case of emergency and that a trusted individual knows their location and how to access them.
Family Discussion:
Initiate a conversation with your family members about your estate planning intentions. Open communication can prevent misunderstandings and ensure everyone is on the same page. If you are not sure the best way to go about this, reach out to us about scheduling a Family Care Meeting.
Schedule an Estate Planning Consultation:
Allocate time to schedule a meeting with an estate planning professional. A brief consultation can provide valuable insights and ensure your plan aligns with current laws and regulations. If you are not sure where to start, call our office to schedule a complimentary consultation to evaluate your needs.
While it might seem overwhelming to tackle estate planning amidst a busy schedule, the truth is that small and consistent efforts can yield significant results over time. Think of these tasks as building blocks, each contributing to the foundation of a comprehensive estate plan. By incorporating these manageable steps into your routine, you are not only safeguarding your assets but also laying the groundwork for a secure future for your loved ones. Start the year with intention and let the impact of your proactive measures resonate throughout the months and years to come. Give our office a call if you need any assistance or would like to schedule a meeting.