Many people start the New Year with different New Year’s resolutions. Start eating healthier, stop procrastinating, and lose weight all see
m to be favorites for the New Year. One resolution that everyone should make is to put together an Estate Plan.
A proper Estate Plan covers who should make decisions for you if you were to become incapacitated and how your property would be distributed when you pass away. A very important component of an estate plan for parents with young children is to specify a guardian. Who would I like taking care of my children if my spouse and I were to pass away unexpectedly?
If 2016 taught us one thing, it is that unfortunately no one will live forever. Prince, Muhammad Ali, George Michael, and Carrie Fisher are all reminders that we all have a limited time on this earth. One resolution that can be easily kept and does not require many hours on the treadmill is to put your affairs in order and come up with an Estate Plan.