Each new year offers a fresh start. Most Americans approach January with a renewed motivation to make improvements – from eating healthier to using their treadmill as more than a clothes hanger. In fact, surveys show that about 60% of Americans make a New Year’s resolution each year.
As we look ahead to 2021, it’s a great time to plan for the future. While last year taught us that even the best laid plans don’t always pan out as expected, that’s no excuse to be unprepared – especially when your family’s future is at stake.
In contrast to the staggering number of resolution-makers, less than 30% of Americans have an up-to-date will. And about one in three older Americans have not even discussed end-of-life plans with their family.
Most people assume that estate planning is more difficult than it actually is, and to prove that it doesn’t have to be a chore, the experienced team at West Law Firm has provided this helpful list of topics to consider.
Helping you plan for the inevitable is our focus at West Law Firm, after all. Our qualified estate planning attorneys have streamlined the process, making it simple to create a will and prepare for the future.
Take a look and talk these through with your loved ones – and then give us a call to get started!
- Decide what is most important.
Ponder your priorities, then invite your family into the conversation. Decide what matters most to you – and how you want to be remembered. In addition to providing for their heirs, many people also decide to leave money to charities or organizations.
- Take stock of your assets.
Before deciding how your assets will be distributed, you must take inventory. Make a list to help you stay organized.
- Determine how your assets will be divided.
Give some thought to how you will distribute your estate. This will vary from family to family, and will likely take more consideration if multiple children are involved. Remember to think about family heirlooms and property as well as financial assets.
- Communicate your wishes regarding your remains.
While it may seem morbid to discuss, it’s important to clearly communicate whether you wish to be buried, cremated, etc. An uncomfortable conversation now is better than uncertainty and stress after you’ve passed away.
Remember that you can always make adjustments to your estate plan. Major life events often prompt changes, such as marriage, divorce, birth of children or grandchildren, etc. Whether you’re changing your will or starting your estate plan from scratch, West Law Firm is here to help.
Make a New Year’s resolution you won’t regret and give us a call at 843-761-5626 today! Or click here to get in touch!