Close

December 30, 2015

The Gym will be Crowded- Consider These New Year’s Resolutions Instead

The beginning of a new year causes us to think about improving our lives. New Year’s resolutions are made as a way to achieve new goals such as improving relationships, finding a new job, saving more money, eating healthy and exercising. Below are a few other resolutions to consider for 2016:

 FOR INDIVIDUALS:

  • Estate planning– This isn’t just for the elderly or those with great wealth. Your estate consists of items of personal or monetary value and your wishes regarding your care if you are unable to make decisions due to loss of mental competency. In the absence of an estate plan, the courts will make such decisions based on the laws of your state. This can be costly and stressful for your loved ones. An Estate Plan assures that your wishes will be honored.
  • Financial review/cleanup– Review your budget, create a plan to pay down debt, do a credit check to look for items that might indicate fraud, close unused credit card accounts.
  • Annulment of criminal record– An arrest or conviction may prevent you from going to college or getting a better job. However, you can petition the court for annulment of your criminal record, either on your own or with the help of an experienced attorney.

FOR BUSINESS:

  • Revisions to company manuals– As your business grows, internal systems are altered to adjust to changes in staffing, services and production. Employment laws change as well. Personnel and procedural manuals must be updated to stay current.
  • Review and update contracts– Look for expired terms, or those set to expire soon. Review for situations that may have changed or no longer exist. Revise and renew all contracts as necessary. These are legal documents meant to protect you and your business.
  • Revisit insurance for proper coverage– Make an appointment with your insurance carrier for both personal and business coverage to account for changes that may impact your coverage needs. Ask your carrier about Employment Practices coverage.

While most New Year’s resolutions involve a lengthy commitment, the items suggested here can be addressed and checked off, at least for another year. Consider applying your resources toward the goal of getting your proverbial house in order – the peace of mind will be worth it.

December 30, 2015