New Year, New Will: Why January is Perfect for Estate Planning

January has a certain energy to it. The holidays are behind us, the calendar is fresh, and many of us are thinking about new beginnings and getting organized. While gym memberships and budgets often top the resolution list, there’s something else that deserves your attention: your will and powers of attorney.

If updating your estate planning documents has been lingering on your to-do list, January offers the perfect opportunity to finally check it off.

Why January Works for Estate Planning

The start of a new year naturally lends itself to reflection and planning. You’ve just spent time with family over the holidays, which often brings family dynamics and relationships into sharper focus. You’ve seen who showed up, who your kids are closest to, and how family members interact with each other.

This recent quality time makes January ideal for reviewing your estate documents with fresh perspective. Are the people you’ve appointed still the right choices? Do your plans reflect your current family situation?

January also tends to be quieter than other times of year. The holiday rush is over, work often starts slower, and you have mental space to focus on important decisions without the distractions of summer vacations or year-end deadlines.

When Did You Last Review Your Will?

If you created your will years ago and haven’t looked at it since, you’re not alone. Life moves fast, and planning often falls to the bottom of the priority list. But consider how much may have changed since you last updated your documents.

Have you welcomed new children or grandchildren? Gone through a marriage or divorce? Experienced significant changes in your financial situation? Moved to a different province? Any of these life events means your will and powers of attorney need a fresh look.

Even if your circumstances haven’t changed dramatically, reviewing your documents ensures they still reflect your wishes and comply with current Manitoba law.

Powers of Attorney Deserve Equal Attention

While many people focus on updating their will, powers of attorney are equally important and often overlooked. These documents determine who makes financial and healthcare decisions on your behalf if you’re unable to.

The person you appointed five or ten years ago might not be the right choice today. Perhaps they’ve moved away, taken on significant responsibilities of their own, or your relationship has changed. January is the perfect time to confirm your appointments still make sense.

Make This the Year You Get It Done

Planning your estate doesn’t have to be overwhelming or time-consuming. A simple review of your existing documents, a conversation with your appointed decision-makers, or scheduling a consultation to update outdated wills can all be accomplished in January while your motivation is high.

Think of it as a gift to yourself and your loved ones. By taking care of these details now, you’re ensuring 2026 starts with one less item weighing on your mind and one more layer of protection for your family.

Ready to update your will and powers of attorney? Call us at (204) 925-1900 or reach out online to schedule a consultation. Let’s start your year with peace of mind.