The beginning of the new year is an excellent time to review your estate plan and make sure it is current. Look at your documents and review your will, trust and Advance Health Care Directive carefully. Ask yourself if the documents accurately reflect your preferred goals for your children and assets?
If you currently have a trust, be sure that you have properly transferred all the appropriate assets to the trust to take make full use of the tax and probate advantages. If you do not currently have an Advance Health Care Directive, consider who you would like to make your important health care decisions if you are unable to do so.
Occasional maintenance on your estate plan can save you and your family time and money.
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