New Year’s resolutions are a great idea, but many times we do not follow through with them. In fact, statistics show that sixty percent of the people who signed up for a gym membership no longer use it. When it comes to making a New Year’s resolution regarding updating or setting up your estate plan, it is one resolution you should keep. So many individuals procrastinate on setting up an estate plan because they cannot imagine anything bad will happen to them in the near future. Unfortunately, families constantly face issues with regard to Special Needs children, parents dying without designating a guardian for their minor children, individuals dying leaving assets to children who are not mature enough to manage those assets and many other issues.
Setting up an estate plan is not as difficult as many would think, but it is a very important New Year’s resolution to keep.
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