We’re getting into that time of year when we all get busy and there’s lots to do. Why would we suggest adding estate planning to your list now? Well, please, read on; there are strong reasons why you should do your estate planning before the end of year holiday season.
1. Families Gather during the Holidays
Because families gather during the holidays, it’s a great time to have that all important estate planning chat. Let your loved ones know that you’ve engaged in the estate planning process; explain who’s in charge when; and, show them where you keep your documents and other important papers.
If you haven’t already, be sure that you ask permission to name your trusted helpers in positions of authority such as executor, trustee, guardians, and power of attorney agents.
Let your loved ones ask questions. Your estate planning attorney can provide talking points or lead the conversation for you.
2. Peace of Mind
Having an up-to-date comprehensive estate plan in place will give you peace of mind and a clean slate to start the holidays. Our clients actually breathe a sigh of relief and mention how much better they feel once they sign their documents.
We encourage you to consult with an experienced and qualified estate planning attorney before the end of the year. After all, you need a plan any way, you will get a tax deduction if your plan involves tax planning, your family will gather for the holidays, and you’ll have peace of mind and a clean slate to start the New Year.