Friday, December 15, 2006

New Years Resolution

The blog is back! I'm getting an early start on one of my New Years Resolution - to regularly update this blog. I look forward to expanding the blog in 2007 both in the topics that I will cover and in the participation that I encourage from you.

What is one of your resolutions for 2007? Let me suggest something that is far more rewarding then organizing your closet - update or create your estate plan.

If you have always been putting off creating your estate plan as something to do "someday," well, this is the ideal time to turn "someday" into a firm date in January! If you have a plan that is more than 3 years old, schedule a time to review your plan.

Make sure that you are still comfortable with your selection of fiduciaries, such as agents under a power of attorney, personal representatives or trustees. Also decide if it is appropriate to make any changes in your plan of distribution to your beneficiaries. And if you have a trust, make sure that it is properly funded, so that any new assets you may have acquired are properly titled.

There is nothing more gratifying then knowing you have done everything you can to take care of your loved ones. The start of the new year is the perfect time to set a date to review or create these important documents.

As an attorney I am happy to help with your estate plan. As for cleaning that closet, sorry to say you are on your own...

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