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Creating an estate plan: A valuable new year's resolution

The beginning of a new year is a time when people reset their priorities and set goals to make the coming year better than the last year.

These resolutions can help people improve aspects of their lives that require more than a quick fix. For instance, perhaps you resolve to get your finances in order, or you want to be better about planning for the future. Maybe you want to finally tackle some difficult decisions about your health. These and other goals can be achieved by creating an estate plan.

When you create your estate plan, you go through the steps of assigning people to take care of your children or make decisions on your behalf. You also decide how you want your assets distributed if the worst should happen. You might also take more advanced steps like setting up a trust or transferring assets to ensure you and your loved ones do not lose critical financial support.

Therefore, having an estate plan can accomplish many important objectives. It allows you to:

  • Organize your finances
  • Formalize health care and legal wishes so others do not have to guess at what you would want if you are incapacitated or pass away
  • Make a plan to provide for your children and other loved ones
  • Protect assets
  • Avoid unnecessary financial losses
  • Feel confident that your loved ones can avoid painful legal disputes and decisions in the aftermath of a serious accident or death

Unfortunately, despite these and other advantages of having an estate plan, people often put it off.

However, the start of a new year can provide the perfect opportunity to finally take care of this and other projects you have procrastinated on. In fact, as a recent Forbes article notes, planning your legacy with an estate plan is one of the smartest money moves a person can make in 2019. And over time, reviewing your plan and beneficiaries at the start of a new year can become a valuable routine that ensures your planning stays accurate and current.

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  • Star

    “I recently moved to TN from MN and needed to re-do my trust documents, including a pet trust, to be compliant with TN law, and to find an entity able to act as my trustee. Russ and his staff were able to answer all of my questions quickly and efficiently, and I am comfortable and confident in Russ's representation and that my new documents will act as they are intended, when the time comes. They even put me in touch with a trustee who was involved in the process as well, which was so helpful. This was a big item on my move "to-do" list, and I am so pleased to have it completed!”

    - Kim J.
  • Star

    “We would definitely recommend Russ and any of his Associates. They are all very professional, efficient and well versed in Estate Planning.”

    - Cheryl H.
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    “Experienced, Knowledgeable, Friendly, Professionals all work here. I'm grateful my parents used this firm to create and maintain their Trust throughout the years. Working with the folks at Russ Cook & Associates, primarily Alex, Debby and Trina made the process comfortable working through Probate, Estate assets and Executing the Trust.”

    - Kemp S.
  • Star

    “Excellent work. They worked with us and never allowed us to miss a deadline. We definitely appreciated their help and would gladly recommend them to anyone seeking help with their estate planning.”

    - Mark S.
  • Star

    “Everyone we came in contact with was wonderful. The staff and Russ treated us like family at all times.”

    - June S.
  • Star

    “Being new to the area having moved from out of state, I was searching for an attorney to assist in elder estate planning for my mother. I was referred to Russ Cook & Associates and found the firm as a whole and Russ Cook himself to be very helpful and accommodating to my needs, as well as experienced and very knowledgeable on the matter I was seeking assistance. I would definitely recommend Russ Cook and Associates.”

    - Brad H.
  • Star

    “Mr. Cook and his staff were phenomenal to work with on my will. They are extremely professional and friendly and made the process seamless. They go above and beyond!”

    - Amber C.
  • Star

    “Russ took the time to answer my questions by email, so that I knew exactly what would take place when I visited his office and his time as well as mine was used efficiently. I appreciated his thoroughness and his professionalism, as well as that of his staff.”

    - JoAnn G.
  • Star

    “Overwhelmingly positive experience.”

    - Stephen W.
  • Star

    “I have been a client for many years. Russ and his staff listen to our concerns, come up with a plan and help us act on it with guidance and professionalism. I'd highly recommend Russ Cook and Associates.”

    - Dr. S. D'Amico
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5141 Virginia Way
Suite 220
Brentwood, TN 37027

Phone: 615-200-9117
Fax: 615-370-5938
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