Estate Planning Checklist for the New Year

Start the Year off Right! Your estate planning goals change over time and the beginning of the year is a great time to create, review and/or update your documents. Many things can affect your plan such as a birth, marriage, death or disability, change in employment, or even buying a home. Speak with your financial advisor and your estate planning specialist to review some of the following:

  • Power of Attorney – Have you designated someone to manage your financial well-being if you are unable to do so on your own? Make sure to distinguish whether you will have this person also manage your health care decisions.
  • Health Care Directive – This is an important document needed to make decisions related to end-of-life care and any medical procedures in the event you are unable to make those choices on your own. Tough to think about, but even harder for loved ones to make decisions if they do not know your wishes.
  • Guardians – If you have children, make sure to speak with designated guardians often regarding your wishes, and work with your attorney to update things such as legal names (in the event a guardian has a name change due to marriage/divorce, etc.)
  • Beneficiaries – Review, update and change beneficiaries to reflect births, deaths, marriages, etc. If you are a part of a blended family, be sure to detail your wishes for division of assets among family members.

Mortensen & Reinheimer, PC offers unparalleled service and is dedicated to providing each of our clients with the personal attention they need to successfully plan their estates. We are always available to answer your questions. Our attorneys will readily meet with you to discuss changes to your estate plan, especially as tax laws change, and also any new opportunities. At Mortensen & Reinheimer, PC we know that building an estate plan is not simply a one-time transaction. Rather, it is long-term relationship with each of our clients, and their personal investment in the security and well-being of their families. When it is time for you to plan your estate, we hope that you select an estate planning lawyer that you can respect and trust!

For more information, or to schedule an appointment, please call MORTENSEN & REINHEIMER, PC at (714) 573-7149. You may also send an e-mail to info@ocestateplanning.net and we will contact you to set up a free initial consultation.

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