A good New Year’s resolution might be to finally get an estate plan, according to the Virginian-Pilot in "Make estate planning a priority this year."
Many Americans have a tendency to put off planning for their estates.
They believe that they will always have time to do it later.
Year after year goes by and every year people think they will still have time to wait until next year.
Eventually the years will catch up to you. You will no longer be able to put off your estate planning until next year.
The catch is that you rarely will know ahead of time when you will no longer be able to wait to do your estate planning until next year.
Something could happen to you at any time.
Since you do not know whether you can put off estate planning until next year, it is a good idea to act like you cannot do so.
Visit an estate planning attorney this year and get some advice on creating an estate plan that fits your unique circumstances while you still are physically and intellectually able to do so.
Reference: Virginian-Pilot (Jan. 12, 2018) "Make estate planning a priority this year."