Finance
Ask an Advisor: ABOUT NEW YEAR’S RESOLUTIONS By Rose Price, CFP® AIF®
What are the Most Important Financial Resolutions I Should Have for 2022?
trust you can leave all of your assets to
Everyone has different priorities but here are the top four I recommend:
trustee. A trust avoids the probate process
1. PROTECT YOUR ESTATE Review and update your estate documents. The primary purpose of a will is to ensure that your assets are distributed to whomever you choose, in the amount and manner that you choose. You may also want to consider establishing a living revocable trust. A trust is an agreement between the grantor (the person who establishes and funds it) and the trustee, who administers it. If you have a living 72
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the trust when you die, which can then be doled out by your terms through the and allows the heirs access to the trust assets more quickly. Check your credit report. A more recent development in protecting your estate is monitoring your credit report for fraud and identity theft. You can retrieve a free report
from
www.annualcreditreport.
com from all three agencies once a year. You may also want to consider hiring a company to monitor your credit and notify you if there are any changes. VIVARESTON.COM
