3 New Years Estate Planning Resolutions to Make

Estate plan review with a skilled estate planning attorney on an annual basis is essential.

The New Year is a time of new beginnings and setting goals that improve our lives. Make your resolutions for health, fitness, and personal growth. It is equally important to consider the well-being and security of your estate. A Florida estate plan review might not be the first thing that comes to mind when you think of New Year’s resolutions. It is undoubtedly one of the most critical steps you can take. Ensure the protection of your assets, your person, your business, and the well-being of your loved ones.

Beginning or Reviewing Your Estate Plan

The New Year is an ideal time to reflect on your life’s changes and how they impact your future wishes and goals. FCreate a revocable trust for flexibility and avoiding probate. Ensure your healthcare decision-maker choice is up to date These resolutions can help safeguard your legacy and provide peace of mind.

We know you may have questions on just where to start when it comes to Florida estate planning. Here are three key estate planning resolutions that can be the foundation for a prosperous and secure future for you, and those you care about most.

Provide For The Most Important People In Your Life

Create or update your Florida estate plan. Your estate planning is the cornerstone of security in your life. If you have not created one yet, now is the time. Your Florida estate plan contemplates and plans for life’s uncertainties. Detail how your assets should be distributed in the event of your passing. Who will care for your minor children? Find someone who can pay your bills when you are on vacation out of the country, someone t0 your business if you are in an accident. Your Florida estate plan is critical to your future security.

Perform an annual estate plan review if you already have a Florida estate plan. Now is the time to review it with an experienced Florida estate planning attorney. Ensure it reflects your current wishes and goals for your legacy. Significant changes like marriage, divorce, the birth of a child, or acquiring significant assets warrant an update to your Florida estate plan. Include a discussion with your experienced Florida estate planning attorney on what your next steps should, and could, be.

Explore new options for your estate plan

Establish planning avenues you may not yet have considered. As the New Year unfolds, it is an opportune time for you to reassess your Florida estate plans with a fresh perspective. Your experienced Florida estate planning attorney can guide you through novel planning avenues you may not have previously considered. Delve into the intricacies of trust agreements, charitable tax planning, and establishing a lasting legacy. Your experienced Florida estate planning attorney can provide comprehensive strategies tailored to your unique situation. Optimize your tax benefits through charitable contributions. Ensure your legacy is preserved for generations. Your experienced Florida estate planning attorney can offer the expertise and foresight needed to make informed decisions, securing your future and peace of mind.

Incapacity Strikes Without Warning

Plan early for incapacity and crises. While it is uncomfortable to think about, planning for potential incapacity and an emergency is a crucial aspect of estate planning. This involves creating powers of attorney for both healthcare and finances, as well as trust agreements specially designed to reach your goals. Your healthcare documents can allow you to designate someone to make medical decisions on your behalf if you are unable to do so. Similarly, a durable power of attorney gives someone you trust the authority to manage your financial affairs. Ensure these documents are in place. Your comprehensive Florida estate plan provides peace of mind that your wishes will be followed and that your affairs will be handled according to your desires.

The New Year is a perfect time to set important resolutions for your Florida estate planning. By planning forward you can ensure that your wishes are respected, and your loved ones are protected. Do not let another year pass without securing your legacy.

We know this article may raise more questions than it answers. Our estate planning law firm takes a very different approach from what you might have come to expect. Our goal is to create lifelong relationships with each of our clients and to guide and manage your legacy for the rest of your life.

Please contact our offices in Stuart or Palm City to for your annual estate plan review.

Law Offices of John Mangan, PA
Palm City – Stuart, FL

CALL: 1 (772) 218-0480

Do you question the need for attorney guidance with so many online resources? Because laws and regulations are complex, and because every person has a lot at risk, more people than ever are seeking professional guidance from an experienced, knowledgeable source. That helps explain the rapid growth of our firm. Whether you happened upon this website by accident or are one of the many referrals we receive from a nearly 15-year collection of satisfied clients, our staff can provide customized estate planning guidance for you. Call us. Our number: 1 (772) 218-0480

Written by: John Mangan, JD, MBA

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