As we usher in a new year, it’s a good time to reflect on our legal and financial well-being. A thoughtful approach to these aspects of our lives ensures that our affairs are in order, aligned with our current circumstances, and poised for success in the coming year.
To guide you through this process, we’ve crafted a New Year’s Resolution Legal and Financial Planning Checklist. These actionable steps will empower you to review, update, and reinforce your legal and financial foundations, fostering peace of mind and prosperity in the year ahead.
- Review and Update Your Will:
- Why? Life circumstances change, and your will should reflect these changes. Reviewing and updating your Will ensures that your assets are distributed according to your current wishes, preventing any oversights or discrepancies.
- Evaluate and Adjust Beneficiary Designations Under Your Super:
- Why? Circumstances surrounding beneficiaries can change. Marriage, divorce, births, or deaths in the family may impact your original choices. Ensuring your beneficiary designations are up-to-date guarantees your assets go to the intended recipients.
- Assess and Update Power of Attorney Documents:
- Why? Power of attorney documents grants authority to individuals to make decisions on your behalf. Regularly assess and update these documents to ensure they align with your current preferences and that the designated individuals are still suitable for the role.
- Examine and Enhance Asset Protection Strategies:
- Why? As your financial situation evolves, so should your asset protection strategies. Regularly reassess and enhance these strategies to shield your assets from potential risks and legal challenges.
- Conduct a Comprehensive Financial Review:
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- Why? A holistic financial review assesses your overall financial health. It helps identify areas for improvement, ensures your financial goals align with your life objectives, and enhances your ability to make informed decisions for the upcoming year. Let us introduce you to our financial partners to guide you through this process.
Embarking on these resolutions ensures that your legal affairs remain in order and align with your current life circumstances, providing peace of mind for the upcoming year. Call us on (02) 4050 0330 to make an appointment to review your Estate requirements.
