New Year's Resolutions

By: Matthew Funeral Home
Monday, January 7, 2019

With the new year comes a new set of goals and resolutions. For many, resolutions can be hard to keep and are often passed up on by February or March. At Matthew Funeral Home, we wanted to suggest some New Year's Resolutions that will help you plan for your future.

Spend More Time With Family

Resolutions are often reflected inward, focusing on things we do that we avoid; or bad habits we continue. But planning to spend more time with those you love is far from selfish. Working towards making new memories with those you care about the most is one of the best things you can focus on for the new year.

Create a Will, or Update it

Planning for the future also includes planning for death. Making an effort to create or update your Will. A properly prepared Will can help prevent probate and other issues for your family in the future. Speak with your estate planning attorney about creating a Will that is right for you.

Challenge Your Brain

Take steps to better your brain. Challenge yourself with trivia games, memory tests, and learning new things. Those who spend more time exercising their brains later in life can strengthen their cognitive skills and reduce the chances of experiencing memory loss. If you are accustomed to challenging your brain with crossword puzzles or the like, try more challenging versions.

Pre-Plan Your Funeral

Pre-planning your funeral can be a smart goal to set for 2019. Pre-planning helps you ease the burden of hasty funeral plans from your family after your death. Funeral pre-planning also helps you pay for the service ahead of time. Trusts for funeral plans can be set up in your name and accumulate interest. You can set up a payment plan or all at once. Funeral pre-planning trusts accumulate interest, which even covers inflations or price increases. Talk to your local funeral home about pre-planning options that are right for you and your family.

Gift More

Families often lose out on a lot of inheritance because of taxes. You and your family can avoid this by planning ahead with gifting. One can provide up to $15,000 to any number of individuals each year without having to pay taxes on the money. This means that you and your spouse can gift up to $30,000 to each person of the family without having to worry about inheritance taxes. This means that you can gift money to your family as much as you see fit (up to $15,000), without them losing any of the funds. This is a good way to move inheritances early.

Teach your Family a Skill

Whether it’s your favorite hobby, or preparing a recipe that the family loves; it can be important to pass on your knowledge and traditions. This can be a great bonding experience, as well as a way to teach your loved ones something important to you. Passing on knowledge and family traditions is important to many families.
The author of this post is not a legal counselor. Matthew Funeral Home and its affiliates do not provide legal advice by articles. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for legal advice. 

For almost 50 years, Matthew Funeral Home has been serving the Staten Island community. We can help with almost every aspect of your loved one’s memorial service. Our family is here to serve yours, every step of the way.
 

Leave a comment
Name*:
Email:
Comment*:
Please enter the numbers and letters you see in the image. Note that the case of the letters entered matters.

Comments

Please wait

Previous Posts

Unexpected Grief with Spring Cleaning

    Spring is almost here, and with it comes the renewal of warmer weather and longer days. When you start your Spring cleaning, you may never know what you’ll find hidden in that cl...

What Should I Bring to the Funeral Home?

When making arrangements for a loved one who has recently passed away, the whole process may seem overwhelming. We are here to help, with both your loved one’s service, as well as with the grief o...

Valentine's Day and Lost Love

Valentine’s Day is one of love, and celebrating your relationship with your significant other. But after the death of a loved one, Valentine’s Day can be a day of pain. Reminders of love in the fo...

Grief and the Approaching Holidays

Grief often strikes at inopportune times. The holiday season can be difficult after the loss of a loved one; because they are often the times we feel the void left by them. Most people surround th...

Grief After a Suicide

As funeral directors, we help families of all kinds deal with grief and see how families are affected by loss firsthand. The loss of a loved one can be devastating. But when a loved one takes thei...

Designing a Monument

A monument is an important memorial and final testament to your loved one. Creating a custom, beautiful headstone that memorializes the deceased is a big part of the funeral process. When designin...

Remembering Those We Lost on 9/11

September 11th means a lot to Americans across the country. A day of tragedy, of loss, of heartache. The loss of 2,997 American lives. But to us, in the New York City area, the day truly hits hard...

Grief and Going Back to School

There is no “good time” to deal with grief, but the back to school season can be especially difficult for children. The new year of school can bring its own set of challenges, but a grieving child ...

Interfaith Funerals

New York is a melting pot of different cultures, backgrounds, and religions. Because of the blending of unique cultures, some people opt to go with an interfaith ceremony. This common with people ...

Explaining Death to Children: What Not to Do

Death can be a difficult concept to explain to a child. When working with your child to help them understand the finality of death, there are a number of things to avoid, and how to go about the c...