Tax Time is almost here!
The end of the year is approaching and tax time is just around the corner.
It’s not too late to take action to lower your taxes for this year.
For businesses, end of year purchases, and prepaying some expenses and bills can get a few dollars in extra deductions for this year.
If you haven’t made a deposit to your IRA, now can be a good time to prepare for that.
Now is also a good time to go over your personal and business documents such as insurance, wills & testaments, powers of attorney, and health care paperwork to prepare for end of life events to make sure your survivors are properly taken care of.
Are your Affairs (Preparations)in Order in Case of End of Life?
This time of the year is when many begin to think about getting their affairs into order. For some reason the holidays such as Thanksgiving and Christmas bring on a sense of melancholy for some, excitement and happiness for many.
This is a time for visiting with friends, renewing old acquaintances, gift giving and just a general sense of enjoying life and giving thanks.
Tax time is just around the corner and as people prepare for that, they also begin to think about getting their other affairs in order, such as wills, powers of attorney, paperwork concerning health issues and other end of life documents.
Time off from work gives some of us time to think about these issues and a window of opportunity take care of them.
Many of us know we need to address these items but just keep putting them off.
End of life documents can make is easier for your spouse and survivors to handle lives problems and tragedies.
If you don’t have a last will and testament, power of attorney, and advanced health care plan in case of a terminal illness or death, don’t wait until is too late for these to benefit your survivors.