2017: Make this the year to review your estate plan!

We are well into 2017. Have you kept your New Year’s Resolutions? If you’re like most people, they’ve probably come and gone. One common resolution I hear is: “I’m going to get my will done or have my will updated this year.” I hear that all the time, yet it is rarely done! It is very important to review your estate plan periodically. Isn’t this the year to do that?

A common misconception I often hear is: “I need to get a will.” Wills were primarily used by our parent’s generation. Unfortunately, for many people a will just doesn’t accomplish all of their wishes. A lot of families opt to have a trust. Trusts can be used to avoid probate and in some instances to protect your assets. This should be the year that you meet with an estate planning attorney to review and assess your current situation and make sure that you have the proper estate planning documents in place. You also may need to update documents such as your Durable Power of Attorney or Health Care Proxy to make sure they are current. Don’t let another year go by. Do it this year! Call me and I will be happy to help you!

Elder Law Attorney Rob Romano practices Estate Planning, Medicaid Planning and Asset Protection. He teaches “Estate Planning Essentials” workshops throughout the south shore every couple of weeks or so. Attending a free workshop is a great way to learn about estate planning, protecting your assets and many family issues that affect all families. The dates and times of the upcoming workshops are listed under the Workshops tab, or you can call us at (617) 769-9843.

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