In more ways than one, the new year is the perfect time to plan for the future.  You are making resolutions for short and long term improvement and making plans for long and short term goals.   One of those goals may be getting your will or trust completed.  The new year can be the best time to get that done.   Not only will it fulfill a resolution you’ve made to get your affairs in order, but it is often the easiest time to complete the plan.  Proper estate planning requires knowing what assets and accounts you have and making sure that they are properly titled and organized.  The new year is the most convenient time to make that happen.   You are already planning for income tax season and much of the information needed for your taxes is also needed for your estate plan.   Year end statements for bank and brokerage accounts made transferring assets to your trust easy.  Mortgage interest statements often provide information that can be used to transfer real estate to your trust.  Simply knowing what assets you have and where they are located can be the best way to start what may otherwise seem like a daunting process.

Take advantage of the time you have off during the holidays and get a jump start on that New Year’s resolution.  Start your estate plan with Central Park Law, PLLC.