Home » Estate Planning » Tax-time Estate Planning Checklist. Time to get organized!

Tax-time Estate Planning Checklist. Time to get organized!

It’s the start of tax season, which means W-2’s, 1099’s and other tax documents will soon start rolling in. Over the next few months, you’ll be tasked with pulling all your records together for your CPA, and giving a thorough accounting of your finances to the IRS.

I know preparing for tax time can be a lot of work…but doesn’t it feel great when April rolls around and all of your financial documents are up-to-date and organized?

I think you’d agree that knowing where you stand financially is empowering. I believe that true financial freedom starts with taking an honest look at all your numbers and seeing how you can perhaps do things differently, or improve upon your financial situation from the previous year.

But you know what else is empowering? Knowing where you would stand both legally and financially in the event you face a life crisis this year such as disability, illness, divorce, lawsuits or death.

These situations happen every single day and often without warning. Would you and your family be prepared?

If you’re not sure, as you’re working to get your affairs in order, why stop at just tax planning? With your key financial documents organized and in-hand, now is the perfect time to think about Estate/ Elder Law Planning and how to ensure that your assets, wishes and the people you love would be protected if the unthinkable happens.

And the good news is, you’re probably halfway there already! Gathering your documents is the hardest part. Now you have the ability to step back, analyze your situation and uncover any “holes” in your planning that could spell trouble for you and the people you love.

To help you get the ball rolling, I’ve created an estate planning checklist for you. Take 10-15 minutes to work through the questions. It will give you a good idea of where you stand and any changes that need to be made to your legal and/or financial documents this year.

Click here for Estate Planning Checklist

If you’ve uncovered some areas of concern, come meet with us this month for a consultation. This is an educational session where I’ll answer all of your questions and show you how to properly plan for the future.

Don’t wait to get started! This is definitely one goal that you can easily check off the “to-do” list. The peace of mind you’ll experience is priceless.

To your success and empowerment,

Wilson Law, PLC