Set up a file with all key medical records for yourself and each family member/loved one.
Review disability, business interruption, and other insurances, as well as your rainy day funds, for emergencies.
Consider how your estate plan affects those receiving it. Focus on their perspective, not just yours.
Back up your home computer, and store it with a trusted person who is geographically distant. Scan all key records onto a CD, DVD or memory stick for emergency use.
Have an annual meeting for every closely held entity (corporation, LP, LLC) you own an interest in. Sign a written record (minutes) of the meeting.
Consolidate your assets to no more than a couple of institutions, and prepare an overall asset allocation model of all accounts.
Reduce the number of credit cards and other accounts that you use.
Order credit reports and review them for anomalies and issues.
Review life insurance policies, and be sure your coverage is consistent with your goals.
Give something more to charity.
Have an annual review meeting with all your tax, legal and financial professionals.
Review and update your estate planning documents.
Distribute a list of emergency contact information to key people.
Have a trustee meeting with investment, legal and tax advisers for every trust for which you are a trustee. Be sure you are meeting your fiduciary obligations and document it.
Evaluate property and casualty coverage. Consider real replacement cost of your valuables.
Buy a fire proof safe for key personal records for your home.
Inventory your safe deposit box.
Photograph every room in your home and office, save the photographs and negatives, or CD/DVD's, in a safe deposit box, and another set with family or a trusted friend.
Do not forget about Fido. Does your power of attorney, emergency letter of instruction, and will assure protection for your furry friends?
Our Consumer Webcasts and Blogs
Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.