Further continuing this week’s top planning New Year’s resolutions for 2017 count down, and having taken the first two of four important steps – (1) determine whether you have estate planning documents and where they are located; (2) examine any existing documents and determine exactly what the documents are – what documents you actually have (make a list – will, trust, power of attorney, advance medical directive, or other documents), and when was the last time they were reviewed/updated, let us now consider the third of four, New Year’s planning resolution number three: if you find that your existing estate planning documents have not been updated in the past two (2) years, or if you have only a partial set of documents (for example, you have an advance medical directive but no power of attorney or will), contact your estate planning attorney during the first week of January to schedule a review meeting. If after taking steps one and two you determine that you have no estate planning documents at all (you have never engaged in planning), or you cannot locate your planning documents, take the same January action step. If you do not have an estate planning attorney, ask your financial advisor, CPA, banking professional, or trusted friend for a recommendation.
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