Resolutions for estate planning in 2020

With the start of a new year, Tennessee residents are thinking about their resolutions and how they can set goals for improvement in various areas of their lives. One way they may want to do this is by making a resolution to have all of the legal and financial protection they need in place. Estate planning is a practical way to plan for the future and plan for the care of loved ones down the road, but many people neglect to make or review their plans.

Estate planning considerations for the new year

The beginning of a new year offers the opportunity for a fresh start in many areas of a person's life. One thing a Tennessee adult may consider is using the beginning of each year as a chance to update important documents and make sure legal and financial affairs are in order. This may include estate planning steps, whether it's updating an existing plan or drafting a will and other documents.

Digital assets an important part of estate planning

It is not easy for some people in Tennessee to make decisions regarding their futures. Estate planning can be a confusing and sometimes difficult process as it requires consideration of one's wishes for distribution of assets and payment of debts after the estate holder dies. While some people may think they are too young to need to do this or not wealthy enough to require it, every adult can benefit from this type of protection. When making these plans, a person will want to consider digital assets as well. 

Estate planning with a person's digital life in mind

Life is unpredictable, and for this reason, it can be quite difficult for a person to think about what types of protections he or she may need in the future. Estate planning can be complex and confusing, and as a result, a person may overlook certain important factors. One thing that a reader will want to consider when making plans for the future is his or her digital life.

The long-term benefits of good estate planning

There are many reasons why a Tennessee resident may avoid thinking and planning for the future. Perhaps he or she does not think it is necessary due to his or her age, or perhaps there is an assumption that a person should be wealthy in order to need an estate plan. In reality, every adult can benefit from estate planning. This process can also prevent many potential problems and complications when it comes time to settle the estate.

Don't have kids? Estate planning is still important

When a Tennessee couple doesn't have kids, they may not see how important it is to make plans for the future. After all, when they don't have children, they may not give much consideration to what will happen to their assets, property and money after their deaths. In reality, there are many practical and important reasons why estate planning is still important in these situations.

Estate planning with the needs of pets in mind

Making plans for the future is not always easy. In fact, it can be quite difficult for a person to think about the possibility of his or her passing and what will happen after. While it's not a pleasant thought, there are many benefits to estate planning and accounting for many things, including family pets. With the right plans in place and documents drafted, a Tennessee reader can look to the future with confidence.

George Washington's example for estate planning

Tennessee readers understand how important it is to make plans for the future and ensure they have the right legal documents in place. Estate planning is a smart step for virtually everyone, regardless of age, health status, income levels and more. One person who provided a wonderful example of proper, thoughtful estate planning was George Washington.

Where should a couple start with the estate planning process?

Planning for the future can be difficult for a Tennessee couple, especially when it comes to making legal and financial decisions that may not be effective until much later down the road. Estate planning can be a daunting process, and many people avoid it simply because they don't understand why they need to do it or where they should start. In reality, this is a smart step for everyone, regardless of income level or age.

Estate planning can help people feel confident about the future

Making important legal and financial decisions for the future is not easy. Often, a Tennessee adult may be unsure of where to start with this process or if it's even necessary. In reality, estate planning is a smart step for virtually everyone, regardless of age, health status or income level. Making smart choices now can allow a person to look to the future with confidence.

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