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Virginia Beach Estate Planning Lawyer / Blog / Estate Planning / Start Your Year-End Planning Now

Start Your Year-End Planning Now


You might be tempted to wait until the end of December to evaluate your current savings, investment, retirement and other financial strategies. But because you may want to adapt these before the New Year, now is the perfect time to assess and evaluate these issues and ask questions. Waiting until the last minute could lead to missed savings opportunities and lag time into 2023 for implementing these changes. Many of the strategies involved in maximizing your financial situation and minimizing taxes can take time to analyze and to decide the most appropriate strategy.

Once your year-end plan has been created, you’ll want to make a schedule for staying in touch with your financial tax and legal advisors over the course of the year. Changes in state or federal laws or even shifting markets may call for an update to your estate plan and financial strategy overall.

Looking at the big picture of your financial plan may open up realizations that you have not adequately prepared for disability concerns, long term care expenses or distribution of these assets through your estate plan. By working with a qualified estate planning attorney in your region, you’ll have a better handle of all of the assets and liabilities inside your estate plan and the best strategies for aligning these.

Whether you have lived in the Hampton Roads area for many years or only recently relocated to Virginia Beach, working with the right estate planning lawyer is critical for covering all of your bases and making sure you have everything you need should something happen to you. Set up a time to meet with a talented Virginia Beach, VA estate planning law firm now.

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