6 Legal Resolutions to Help With Holistic Health

Every New Year, improving health and wellness is the number one resolution for Americans. This includes the obvious things like exercising more, eating healthier, and getting better sleep — but did you know having your legal affairs in order can help, too?

There are many factors that comprise our holistic health, from financial stability to emotional and mental security. Getting your legal ducks in a row can help with all three! It provides you with the peace of mind that comes with knowing you’re safeguarding your present and your future. Read on to learn how to get started.

Identify your accounts. ??

List out your checking accounts, savings accounts, 401(k)s, IRAs and other investment accounts. For each account, include the account number, contact person or administrator (like your investment broker or your bank) and the current balance.

Itemize your assets. ??

This includes your physical, financial, and insurance assets. Examples are:

• Your home
• Other property, such as a rental house or commercial property
• Financial accounts
• Gold/jewelry
• Collectibles/art
• Life insurance policies

List your debts. ??

We understand this isn’t the most fun way to start the new year, but it is necessary for long-term financial stability! Include creditor, balance owed, current interest rate and whether that interest rate is variable or fixed. If a debt is a part of a planned installment loan (like a home loan or a car loan), be sure to also list the duration of the remaining payments of the loan and the amount of the monthly or annual payment.

Compile a list of family members and beneficiaries. ??

Make a list of your immediate family members’ names, addresses, and phone numbers and designate beneficiaries to help with the next step…

Create an estate plan. ?

Now that you’ve gathered necessary details, you can reach out to an attorney to help you create an estate plan. No matter how small your estate or simple your wishes, everyone can benefit from an estate plan. Common estate planning documents are wills, trusts, powers of attorney, and living wills.

Enroll in a legal plan to help. ?

Finding the right attorney for you can be easier said than done. Enrolling in a legal plan helps take the guesswork out of estate planning, and any legal issue, by providing access to a network of trusted attorneys who can discuss your estate plan and prepare the documents you need. A legal plan can also offer digital estate planning services to complete wills, living wills, and powers of attorney online in as little as 15 minutes.

So, as you embark on a brand new year, consider completing all of these steps to help achieve the most important resolution of all: your holistic health.

Happy New Year! ??