As 2026 begins, many families are asking an important question: Are we still properly prepared for what lies ahead? A thoughtful wealth reset in January can help answer that with clarity and confidence.
1. Revisit Estate Planning Documents
Life moves quickly, and estate plans can become outdated without notice. Changes in family structure, assets, or regulations may affect how your wishes are carried out.
January is an ideal time to review:
- Wills and trusts to ensure beneficiaries and instructions remain accurate
- Lasting Powers of Attorney for financial and healthcare decisions
- Guardianship appointments for minor children
- Distribution structures to reflect evolving family dynamics
Even if no major changes are needed, confirming that documents still align with your intentions provides peace of mind.
2. Update Insurance Coverage for Today’s Risks
Insurance plays a critical role in wealth preservation. Rising healthcare costs and evolving personal responsibilities mean coverage that was adequate years ago may no longer be sufficient. Additionally, analysts see inflation rising to 1.5% in 2026.
A comprehensive review should consider:
- Health and critical illness coverage in relation to current medical costs
- Life insurance adequacy based on dependents, liabilities, and long-term goals
- Disability and income protection for working family members
Ensuring coverage keeps pace with life changes helps prevent financial strain during unexpected events.
3. Conduct a Cash Flow and Expense Audit
A wealth reset begins with understanding where money is coming from and where it’s going. Reviewing cash flow provides insight into spending habits, savings capacity, and opportunities for optimisation.
January reviews often reveal:
- Subscriptions or expenses that no longer add value
- Opportunities to increase emergency or opportunity funds
- Adjustments needed to support upcoming milestones, such as education or retirement
Clarity around cash flow strengthens decision-making throughout the year.
4. Rebalance Investments for the Year Ahead
Market conditions and personal risk tolerance evolve. An annual investment review helps ensure portfolios remain aligned with long-term objectives rather than short-term market noise.
This review may include:
- Rebalancing asset allocation to maintain intended risk levels
- Reviewing performance in relation to goals, not headlines
- Adjusting strategies as timelines for major goals shorten
A disciplined approach to rebalancing helps keep emotions out of investing and plans on track.
5. Initiate Meaningful Family Planning Conversations
Wealth planning is personal. Start conversations with family members about values, expectations, and future responsibilities.
These discussions may cover:
- Financial responsibilities across generations
- Education funding and caregiving plans
- Estate intentions and legacy goals
- Preparing heirs for stewardship, not just inheritance
Open communication reduces uncertainty and strengthens family alignment.
CONNECT WITH SUMMIT PLANNERS
If you’re ready to begin your 2026 wealth reset, speak with Summit Planners for holistic and comprehensive estate planning solutions. Our team will guide you through a comprehensive review and help turn clarity into action. Contact us to schedule a consultation.
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Disclaimer:
The information provided is for general information only and does not constitute financial advice. While we have taken care to check the source of the information, we cannot guarantee that the information is accurate, complete, or will suit your individual financial needs. You are advised to seek professional assistance.
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