Add Estate Planning To Your List of Resolutions This Year

Resolving to get your legal affairs in order is one of the most important things you can do to make sure your family, wishes, and assets are protected.  While many people focus on getting organized for the New Year, myself included, estate planning is an equally important personal finance goal that should make every adult’s to do list.  In Idaho, especially in Ketchum and Sun Valley where people spend a lot of time playing outdoors, far too many people are without plans.  Estate planning is for everyone, not just the 1%.  At a bare minimum, every adult needs a will, a health care power of attorney and a living will.  And for most people, a fully integrated plan which would also include a trust, general durable power of attorney, and asset summary (to determine if  all assets are properly titled) will benefit your family and ensure that your wishes are carried out.  It’s the new year, follow through on this important resolution. An updated estate plan is truly a gift to your family.