Although your estate plan isn’t an investment, it determines what happens to your investments if something unfortunate happens to you. A lack of estate planning won’t just derail your legacy but also cause undue frustrations for your loved ones. So, before the year ends, you’ll want to check if all your assets are included in your estate plan, especially the ones you recently acquired. If you have properties, you might want to get them appraised if you’ve not done so for a while. Another thing to consider is if your will and beneficiaries still align with your wishes should something happen to you.
Having a financial plan is an important step in making sure you have a path to reach your goals. By doing a yearly review, you keep track of that path. Due to the pandemic, often the financial goals may change, and this is the perfect time to realign your investment portfolio accordingly. So, what are you waiting for? Start making that list and review your financials!