Why Not Make 2020 The Year Your Complete Your Estate Plan

Why not make 2020 the year you finally give yourself and your loved ones the peace of mind of a well thought out estate plan?


With the New Year behind us, our thoughts inevitably turn to new beginnings and self-improvement. Many of us resolved to eat healthier and exercise more, save more money, get a new job or start a new hobby.


With all that boundless optimism, it’s not surprising that “talk to an attorney about incapacity and death” didn’t make the list. Here’s a novel idea, however: why not make 2020 the year you finally give yourself and your loved ones the peace of mind of a well thought out estate plan?


Many of us hear the words “estate plan” and immediately tune out. After all, it can be hard enough to focus on the things that keep us busy from day-to-day without planning for the future. A good estate plan, however, can provide peace of mind to you and your family today and for years to come.


Estate planning is about more than what happens to our things when we die. While your estate plan should include a will or trust to dictate your final wishes for distribution of your property and assets, a well-considered estate plan also addresses what type of care you receive in the event of your incapacity due to accident or long-term illness, nominates someone to handle your finances if you are unable, and can empower a trusted agent to plan for the cost of your long-term care.


Your estate planning documents can also provide future protection for your minor children by nominating a person to care for them if you no longer can (called a Guardian) and can appoint a financial decision maker for their childhood and young adulthood, as well (called a Conservator or Trustee).  

With so many things to consider, estate planning might sound like a laborious, boring process, but it doesn’t have to be. In a brief meeting with one of our experienced attorneys, we can find out what matters to you and devise a plan that fits your wants and needs to a tee.


So this year, you should absolutely resolve to learn to knit and speak Japanese, do your nightly sit-ups and pushups, and save a little more for the kids’ college fund. You should also call us and schedule an appointment to create or update your estate planning documents. Knowing your loved ones are protected and cared for if something happens to you will provide a feeling nearly on par with enjoying a hot cup of eggnog and one more slice of pie, and you won’t even have to do extra sit-ups the next day.

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.

FURTHER READING

Latest Blog Posts

Death is a part of life. Like taxes, there's no avoiding it. Also, like taxes, you may not like thinking or talking about the subject. However, if you think about death and how to handle your remains from a planning…

Every child deserves love, stability, and consistency. Is there a child in your life that you have considered adopting, perhaps because they are the child of your spouse or a child you are fostering? Perhaps there is an adult in…

The thought of losing your home or its contents in a disaster is a scary thought. Loss of life, destruction of irreplaceable items such as home movies, photos, and heirlooms make it unconscionable. But as we know in life, sometimes…

Spoiler alert: If you’re doing everything around the house (or at work) because you’re living (working) with a bunch of incompetent fools, or so they’ve led you to believe they are, you’re being manipulated. So pervasive is this phenomenon, there’s…

If you've created an estate plan, you've already spent a good deal of time thinking about what will happen to you if you become sick, incapacitated, or die, including where you will go (literally) when you die. After all, you don't want your…

If you're 18 or older and live in Washington State, you can legally change your name to anything you want as long as you're not doing so to commit fraud. For example, if your goal is to change your name to evade…

Your estate plan should ensure your special needs child experiences the best quality of life they can, that the assets upon which they will rely will last as long as possible during their lifetime, and that their eligibility for public services will be maximized. Learn more.

Popular culture is using the moniker "America's daughter" to describe Gabby Petito because she could've been any of our daughters. Learn how to talk to your daughter about the signs of domestic abuse.

When a couple decides to divorce, and one spouse is unable to support themselves, spousal support becomes a hot-button issue. Learn how to mitigate conflict and move forward.

To date, 676,000 people in the US have died from COVID-19, many parents of minor children. Without a will there is no instruction on who should care for them. Make your wishes known, learn how.