There’s nothing quite like the new year to make you think of fresh possibilities and new beginnings.
There’s also nothing quite like way too much turkey, wine, and football over the holidays to make you realize that you should maybe consider some lifestyle changes.
“New year, new me” and all that jazz.
You have probably already started on your list of New Year’s Resolutions: read more, get a gym membership (and actually use it this time), spend more time with family, etc.
But there is one more goal you should add to your list: organize your estate plan.
Related post: 7 Reasons People Delay Estate Planning
There are a lot of reasons to avoid estate planning. But if you don’t have an estate plan, your family and friends will be the ones who suffer the most.
To help you stick to this goal, here is a handy list of 10 Estate Planning New Year’s Resolutions:
1. Get a Trust and/or a Will
You, like a majority of Americans, may not have a living trust or a last will and testament.
You may not even know what those documents are. Which one is better? Which one is right for you? What are the differences between a will and a trust?