As the end of the year approaches, New Hartford families are busy checking off to-do lists and preparing for the winter ahead. While holiday shopping and snow shoveling might top your list, don’t forget about one of the most important tasks: reviewing your estate plan. At The Estate Planning Law Center, we encourage you to use this time to ensure your plan is ready for the year ahead.
One of our clients, Mike, came to us last December with a simple goal: to ensure his family wouldn’t face uncertainty if something unexpected happened. Together, we updated his will, set up a trust for his grandchildren, and reviewed his healthcare directives. Mike said it felt like “checking off the biggest box of all.”
How to Prepare Your Estate Plan for the New Year:
- Review Your Core Documents
Make sure your will, trusts, and powers of attorney reflect your current life circumstances. - Verify Beneficiary Designations
Ensure your retirement accounts, life insurance policies, and other assets are aligned with your estate plan. - Explore Year-End Tax Strategies
Consider charitable giving or annual gifting to maximize your legacy while minimizing your tax burden. - Commit to Regular Updates
Estate planning isn’t a one-and-done task. Schedule regular reviews to keep your plan up to date.
Don’t let the year slip by without taking care of the people and values that matter most. Register for a workshop to ensure your estate plan is ready for the new year.
