The New Year is a great time to reflect on accomplishments and future plans. If you resolve to get your finances in order, an estate plan is essential to an overall financial plan. Unfortunately, seven in ten people never create a will or estate plan. Every adult should have a will, advance medical directives including a living will, and a durable power of attorney. If you don't - you should! The effort spent on estate planning will be worth it. And consider updating an out of date will and estate plan. A comprehensive estate plan gives peace of mind to you and your family and provides a clear guidance as to your wishes in a number of areas.
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