Wrapping Up Loose Ends and Preparing for a New Year

  • 13 December 2017
  • Author: IEP Team
Wrapping Up Loose Ends and Preparing for a New Year

It's that time of year! Bells are ringing, snow is falling, people are shopping and we're maybe even thinking about the end of the year or setting goals and intentions for next year. Or, perhaps all the time you're spending with family is getting you thinking about how you can prepare yourself and them for the inevitabilities of aging.

Whatever you think of or how you celebrate this time of year, there are a few things you can do to get organized, wrap up 2017, and get ready to start 2018 on a good note.

1. Journal - Even if you haven't written an entry all year (or for the past 10, or ever) you can write a recap of 2017. Take some time to document the good things that happened, things you're grateful for, and accomplishments you had. Even if you have photos, you'll want some context and narrative to help you fill in the stories. How did you feel about that trip? What's the most memorable thing that happened? What was that funny thing your grandkid said? None of us can rely on our memories from year to year, so write it down!

2. Make a wish list - Pretend that you have the power to make 2018 go exactly as you want. Now write it all down! Where will you go? What will you do? Who would you see? In this world, money, time, and other constraints never apply. Go wild! Now, what's on that list? Where is your attention? Even if some of those items are out of reach, you can see what motivates them. Maybe you can't take your family on that 10-day Mediterranean cruise, but you can treat everyone to a great meal at a Greek restaurant: the point is that you want to treat your family. So do it in the ways you're able.

3. Get organized - Now's the time to start thinking about your finances. From taxes to end of the year donations, the more you do now, the easier the next few months will be. It's also a good time to think about where you are in planning for the future: who will take care of your family if something happens to you? Do you have plans in place for different situations? What about taking care of yourself? When the time comes that you need assistance either in-home or in a group setting, do you have plans for paying for that care? 

Once you've thought about those things, we'd recommend contacting our office. We can help you understand your options and help you put a plan in place. Sounds like a great way to kick off 2018: making a plan to take care of yourself and your family in the future.

If you're a member of Idaho Estate Planning, we've been in touch about coming in for your annual review. Come make sure the plan you have in place is up to date and still does all the things you want and need it to do. We'd love to see you, whether you're a member or not, so make an appointment today!

Categories: Estate Planning
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