- Make a Will
Ensure your loved ones are cared for and your wishes are honored. A properly drafted will avoids confusion and costly probate disputes.
- Create a Trust
Trusts can help minimize taxes, protect assets, and streamline inheritance. Consider a revocable living trust for flexibility.
- Update Your LLC Operating Agreement
If your business has grown or changed, your operating agreement should reflect new ownership structures, voting rights, and profit allocations.
- Review Your Employment Manual
Employment laws evolve. Update policies on remote work, harassment prevention, and compliance with state and federal regulations.
- Refresh Your Data Privacy Policy
With increasing cyber threats and privacy laws like GDPR and CCPA, ensure your policy meets current standards.
- Update Confidentiality Agreements
Protect trade secrets and sensitive information by reviewing NDAs for employees, contractors, and partners.
- Complete That Prenup
If you’re engaged, a prenuptial agreement can clarify financial expectations and protect both parties.
- Explore Bankruptcy Options (If Needed)
Understand the requirements and implications of Chapter 7 or Chapter 13 bankruptcy before financial stress becomes overwhelming.
- Review Your Asset Protection Plan
Shield your wealth from lawsuits and creditors through strategies like LLCs, trusts, and insurance.
- Check Your Insurance Coverage
Verify that your liability, health, and property insurance align with your current needs.
- Update Beneficiary Designations
Life changes (marriage, divorce, children) require updates to retirement accounts and life insurance beneficiaries.
- Review Your Estate Plan
Beyond wills and trusts, consider powers of attorney and healthcare directives.
- Audit Intellectual Property
Protect trademarks, copyrights, and patents. Renew registrations and monitor for infringement.
- Revisit Business Contracts
Ensure vendor, client, and partnership agreements reflect current terms and obligations.
- Plan for Succession
If you own a business, create a clear succession plan to avoid disruption.
- Address Tax Planning
Work with a professional to minimize liabilities and prepare for upcoming changes in tax law.
- Update Real Estate Documents
Review deeds, leases, and property agreements for accuracy and compliance.
- Review Compliance Requirements
Stay ahead of industry regulations to avoid penalties.
- Secure Digital Assets
Include cryptocurrency, social media accounts, and online businesses in your estate plan.
- Evaluate Retirement Plans
Ensure your 401(k), IRA, and other accounts align with your long-term goals.
- Refresh Employee Agreements
Clarify roles, compensation, and termination clauses to prevent disputes.
- Consider Charitable Giving Strategies
Set up charitable trusts or foundations for tax benefits and legacy building.
- Update Your Corporate Records
Maintain accurate meeting minutes, resolutions, and filings.
- Review Loan Agreements
Check interest rates, terms, and compliance with covenants.
- Prepare for Litigation Risks
Consult with counsel on risk management and dispute resolution strategies.
- Schedule a Legal Checkup
Meet with your attorney annually to review all aspects of your personal and business legal health.
Start the year strong by tackling these resolutions. Whether you’re protecting your family, securing your business, or planning for the future, proactive legal steps today can save time, money, and stress tomorrow.