2026 Estate Planning Checklist: Start the Year Prepared

Starting a new year always brings a sense of possibility, and one of the smartest ways to set yourself up for stability is by getting your estate plan in order. It’s not just for the wealthy or older adults—anyone with assets, responsibilities, or people who rely on them benefits from a clear, well-built plan. Here’s a practical checklist to help you walk into 2026 feeling ready, protected, and organized.

Review and Update Your Will

If it’s been more than a year since you last looked at your will, now’s a great time to revisit it. Life moves fast—maybe you bought property, welcomed a child, or made major career changes. Your will should reflect what your life looks like today, not three years ago. Make sure your beneficiaries, executors, and instructions still match your goals.

Read more: Things to Consider When Updating Your Estate Plan

Revisit Your Beneficiary Designations

Some of your most important assets—like life insurance policies, retirement accounts, and bank accounts—use beneficiary forms rather than your will to decide who gets what. These designations override anything written in your will, so they need to be current. Take a few minutes to confirm that everything is consistent and that the right people are listed.

Read more: Navigating Beneficiary Designations: Common Mistakes and How to Avoid Them

Organize Your Financial Documents

Gather your insurance policies, ownership papers, investment accounts, loan documents, and tax records into one secure place. Whether it’s a physical folder, a digital vault, or a combination of both, the goal is simple: your family should easily find what they need, when they need it. Clear organization prevents stress and confusion during difficult moments.

Set Up or Review Your Powers of Attorney

An estate plan isn’t just about what happens after you’re gone. It also prepares you for situations where you may need help managing things while you’re still alive. A financial power of attorney lets someone you trust handle money matters if you can’t. A healthcare power of attorney appoints someone to make medical decisions on your behalf. Both documents are essential for real protection.

Create or Update Your Advance Healthcare Directive

This document spells out your wishes for medical care if you’re unable to speak for yourself. It covers decisions like life support, comfort care, and other treatment preferences. By putting these choices in writing, you spare your loved ones the pressure of guessing.

Take Inventory of Your Digital Assets

Your digital life is just as important as your physical one. Think about online banking, cryptocurrency, email accounts, social media, cloud storage, and even subscription services. List what you have, where it’s stored, and how your executor or digital trustee should access or manage it.

Read more: How Overlooking Digital Assets Can Complicate Your Estate

Evaluate Trusts and Tax Strategies

If you own real estate, run a business, or have a growing investment portfolio, a trust may help minimize taxes, avoid probate, and streamline inheritance. Sit down with a professional to see whether a trust or updated tax strategy makes sense for your situation in 2026.

Final Thoughts

Estate planning isn’t about expecting the worst—it’s about creating peace of mind. By taking these steps early in the year, you’re giving yourself and the people you care about clarity, protection, and confidence. A solid plan is one of the most meaningful gifts you can give your future self.

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