First comes love, then comes marriage, then comes… an estate plan? Once the ink on the marriage license is dry, newlyweds should apply the same degree of planning as they did on their special day to the protection of their future.
Many young couples put off creating or updating their estate plan because they feel it is unnecessary and costly, but it’s important to include your spouse in several legal documents so the two of you can be protected in the future.
Below is a check list to make sure you have reviewed the following documents in your estate plan.
Get Organized this Summer
As June rolls around and we reach the halfway point of the year, many of us are realizing that we never followed through on our New Year’s resolutions to be better organized. But it’s not too late! Take advantage of that week the kids are at camp or a long weekend during the dog days of summer to delve into the mess. You won’t regret it, because, as we all know, the most successful people are the most organized people. Follow these six steps to get organized this summer:
1. Create a Filing System
It is easy to just shove important papers into the oblivion that is your file cabinet. Take a little time to label folders and file away important documents.
2. Establish a Calendar
The best way to organize time is to be able to prioritize tasks and manage your time. Remember to leave some wiggle room for unexpected delays or emergencies.
3. Set a Budget
Organizing finances is crucial to reaching your monetary goals for the year. Use budget programs such as Mint or BudgetPulse to help cut down unnecessary spending and achieve saving goals.
4. Plan to Achieve
Write down your short-term and long-term goals for the year and devise a plan to achieve them. Include milestones so that you can track your progress.
5. Eliminate the Clutter
Throw out and donate old clothes, knick-knacks, and other items that you haven’t used in the last year. This will give better access to the things you regularly use.
6. Update Legal Documents
If you have experienced a major life change in the past year, such as the purchase of a new home or the birth of a child, you will need to update your will and trust documents. If you don’t have a will or trust, now is the perfect time to get that in place.
Law Offices of Debbie J. Cunningham
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