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It’s time to make your New Year’s resolutions, and although it may not be the most fun one, a new (or updated) estate plan is a great decision. (You know it’s been on your to-do list!) Here are eight life decisions or events that should get you thinking about updating — or creating — your estate plan right away.

When you hear the phrase “estate plan,” you might first think about paperwork. Or your mind might land on some of the uncomfortable topics that estate planning confronts head-on: end-of-life decisions, incapacity, and your family’s legacy from generation to generation. Those subjects hit home for everyone. But while that could feel like a reason to avoid estate planning, the emotional nature of these decisions is actually a reason to embrace the process with enthusiasm.

If you have a revocable trust, you probably named yourself as trustee so you can continue to manage your own financial affairs. Eventually, however, someone will need to step in for you when you are no longer able to act due to incapacity or after your death.

Common estate planning mistakes can derail your overall wealth plan. Addressing these errors is essential to ensure your wealth is managed properly during your incapacity or after your death.