Happy New Year! 🎉 It’s officially 2025, which means it’s time for fresh starts, new goals, and maybe even finally tackling that thing that’s been on your to-do list for ages: estate planning.
I know, I know. Estate planning isn’t exactly the most exciting New Year’s resolution. But hear me out—it’s one of the best ways to set your family up for success and peace of mind, no matter what the future holds. So, let’s dive into a few simple tips to get your estate plan (and your family’s future) in great shape this year.
1. Update Your Beneficiaries
When was the last time you checked the beneficiaries on your life insurance, retirement accounts, or other assets? If it’s been a while—or if life has changed since you set them (think: marriage, divorce, kids)—this is the perfect time to update them. A quick review now could save your loved ones a lot of hassle later.
2. Set Up Guardianships (Just in Case)
If you have kids under 18, naming a guardian in your will is a must. It’s not something we like to think about, but making this decision now ensures that your little ones will be cared for by someone you trust if the unexpected happens.
3. Consider a Trust for Your Kids
Speaking of kids, have you thought about how they’ll receive their inheritance? Setting up a trust can give you control over when and how they access funds. For example, you might want to ensure they don’t blow through everything at 18 (because, let’s be real, who wouldn’t want a shiny new car at that age?).
4. Plan for Digital Assets
We live in a digital world, so don’t forget about your online presence. Social media accounts, email, digital subscriptions, and even cryptocurrency—these all need to be addressed in your estate plan. Make a list of your digital assets and designate someone to manage them.
5. Talk to Your Loved Ones
Estate planning is more than just paperwork—it’s about communication. Take some time to talk with your family about your wishes, explain your decisions, and answer any questions they might have. It’s not always the easiest conversation, but it’s one of the most meaningful.
Bonus Tip: Start Small
If estate planning feels overwhelming, remember—you don’t have to do it all at once. Start with one thing, like drafting a will or setting up a power of attorney, and build from there. Every step you take brings you closer to a more secure future for your family.
The best part about estate planning? Once it’s done, it’s done (well, aside from minor updates here and there). You can check it off your list and get back to enjoying life, knowing your loved ones are protected no matter what.
If you’re ready to take the first step, let’s chat! I’d be happy to help you create a plan that’s just right for you and your family.
How to Get Started
Estate planning doesn’t have to be overwhelming. Start with these steps:
Start by taking inventory of your assets, considering your family's needs, and download our FREE workbook here.
Go to www.highsierralegal.com or our more affordable option www.yourestateplan.online
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