Statistics show that New Year’s resolutions are maintained continuously by most Americans for only one or two weeks. Here are 5 resolutions that you can keep and that will help protect you and your family:
- Make sure that my family knows what I want if I become ill or incapacitated and provide them the tools to get things done for me.
- Give a trusted person the authority to take care of my health and my financial affairs should I become incapacitated.
- Make sure that my assets (the things I own) will be distributed the way I want by the person I have chosen to handle my affairs.
- Make sure that I have arranged my affairs to minimize taxes, and have helped provide a secure financial future for my spouse, children and other heirs.
- Make sure that I have anticipated long term care expenses, so I can preserve assets for myself and my heirs.
You can accomplish these resolutions by putting together a proper estate and long term care plan. An estate and long term care plan prepared by a knowledgeable estate planning attorney will address these resolutions through the proper use of Wills, Trusts, Powers of Attorney, Health Care Directives, and proper beneficiary designations, and life and long term care insurance.
To make 2016 the year you keep your resolutions – call experienced Estate Planning Attorney, Elga A Goodman today at 973-841-5111 to assist you in creating an estate plan that will implement your 5 New Year’s resolutions.