In the New Year, many of us make resolutions. From vowing to take better care of ourselves to spending more time with family to crossing items off our bucket list, there are a number of resolutions to set.
When you think about what you want to accomplish this year, how many of your resolutions on your resolutions list will protect you and your family members now and in the future?
As we age, we need to make sure that we have the right estate planning and elder law planning in place. Although legal planning is typically not something most of us want to focus, we must do so to ensure we are protected for the long-term.
Do you know how to set New Year’s Resolutions on your resolutions list that will provide for your future?
Let us share a few ideas with you here.
1. Make sure retirement plans are in place.
When was the last time you updated your retirement plan? Are you working with your financial advisor every year? What about estate planning and elder law attorney? Are you already in retirement and need your nest egg to be as protected as possible as you age? Make your New Year’s resolution to evaluate the health of your retirement plan, no matter what stage you are in right now.
2. Evaluate your own health.
Although we all know we should go to the doctor each year, are you making this appointment? Proactive and preventative medical treatment is an essential key to good health. On Medicare right now? The Medicare rules encourage preventative health care screenings which you can learn more about on the Medicare website. Do not put off the visit for yourself or your spouse each year. Remember, proactive planning is key.
3. Update your Florida estate plan.
When was the last time you revised your Florida estate plan? Although this resolution on your resolutions list may seem complicated, is actually easier than you might think. Start by reviewing your existing documents. Make a list of any changes you may need before setting up your appointment with your attorney to discuss how to implement them.
4. Make sure your estate plan contemplates long-term care considerations.
Today, an estate plan is not enough. Your estate plan also needs to contemplate your long-term care future. Have you named secondary decision-makers on your documents? Do you know how you will be able to afford a nursing home should the time come? Or how you will be able to support your spouse with in-home care? If you do not have this plan in place, now is the time to meet with your elder law attorney. Be sure to add it to your resolutions list.
5. Make sure you have a great support system.
Especially if you live far from family, it may be the right time to evaluate your support system. You need to have a local network of family or friends who will be able to help you in a time of need. While this may be as simple as finding a person who can mow your lawn or prepare your meals, do not put off finding the support you need. This is a crucial step forward to be able to age-in-place at home.
Need help getting started on any of these New Year’s Resolutions on your resolutions list? Are you wondering where to start for your estate planning or elder law planning needs? Do not wait to talk to a member of our legal team to get started.