Year-End Estate Planning Checklist for Washington and Oregon Families
As the year draws to a close, many of us reflect on what we’ve accomplished and where we want to go. But there’s one task that often gets overlooked: making sure your estate plan is up to date.
For families in Washington and Oregon, year-end is the perfect time to review your documents, update your fiduciaries and beneficiaries, and ensure your plan still matches your life. A little preparation now can save your family thousands later—and give you peace of mind heading into the new year.
Your Year-End Estate Planning Checklist
- Review Your Will or Trust
Has your family grown? Have relationships changed? Have you acquired new property? If so, your will or trust may need updating. - Check Beneficiary Designations
Accounts like retirement funds and life insurance pass by beneficiary designations, not by your will or trust. Outdated beneficiaries can cause painful surprises. - Update Powers of Attorney and Health Care Directives
Do your agents still live nearby? Are they still able and willing to serve? Does your health care directive still reflect your wishes about care at the end of your life? The holidays are a good time to check in. - Evaluate Long-Term Care Plans
With the cost of care in our region averaging more than $11,000 per month, make sure your plan includes strategies to protect your assets. - Review Charitable and Tax Planning Strategies
Year-end giving may reduce your taxable estate while benefiting causes you care about, or make a nice end of the year gift for family or friends.
Why This Matters Now
Estate and tax laws in both Washington and Oregon can shift year to year. An outdated plan may leave your family vulnerable to unnecessary taxes, family conflict or confusion, probate delays, or court intervention.
Start the new year with confidence. Click here to schedule a year-end review with our team.