New Year Financial Planning Checklist
Happy 2020 to you!
For many of us, January is a time for reflection and for making resolutions for the year ahead. Perhaps you have resolved to exercise more, take better care of your mental health or spend more time with loved ones?
Most of us would benefit from taking better care of our financial health, so we have put together a handy checklist of the financial planning areas you may wish to look at.
- Make a Will.
A Will appoints executors to carry out your wishes after death and this can include whether you want to be buried or cremated. If you have family heirlooms that you dearly want to go to specific people, you can set this out in your Will. Importantly, for those with minor children, you can elect guardians for your children in a Will. Without one, it’s possible your children will end up in the care system whilst family members or friends fight for custody of them.
If you hav