2020 was a difficult year for everyone and many of us welcomed 2021 with open arms. With the new year comes New Year’s Resolutions. For many of us, resolutions are difficult to keep. Instead of coming up with big resolutions, it is important to start small. This year, make estate planning one of your resolutions. This is a resolution that will be easy to keep, and will greatly benefit you in the long run. Read on to learn more about planning for your estate in New Jersey.
Resolution: Start Estate Planning
Estate planning is one of the most important things you can do to secure your future for yourself and your loved ones. But, it is hard to actually begin the process. With so much going on currently, it is difficult to do things for your future self. An easy resolution you can make is to simply begin the process. Contact an estate planning attorney and begin taking the steps. Some of the documents you may want to consider making include a will, trusts, a healthcare directive, a power of attorney, and any other documents that may benefit your estate. It can feel overwhelming, but just scheduling a meeting with your attorney can get the ball rolling.
Resolution: Update Your Estate Plans
Some have already created estate plans. But, after creating your documents, it is easy to forget about them. This is a mistake many people make. As your life changes, your estate plans should change as well. Some common reasons to update your estate planning documents include marriage, divorce, adoption, and the death of a loved one. If you fail to update your estate plans, some major issues can occur. For example, you may include someone you no longer want in your plans, or fail to include someone important in your estate plan.
If you are interested in creating or updating your estate planning documents, contact our firm today to speak with an experienced estate planning attorney. If you have any questions about what to do, where to begin, or what to bring to an initial consultation, do not hesitate to reach out.
Juan C. Velasco, Esq. is a trusted attorney who concentrates on bankruptcy, family law, real estate, and estate matters who has been serving the New Jersey area for over 25 years. If you are in need of experienced legal counsel, please contact Velasco Law Office and we will be happy to assist you.