While the New Year is a great time to set goals for health and personal betterment, it’s also a great time to take stock of your financial wellness. Are you contributing what you want to your retirement? Does your emergency savings fund match your current level of expenses? It’s a great time to recalibrate and make sure you’re on track to reach your financial goals.

However, the New Year can also be a great time to set another kind of goal: do you have all of the appropriate documents in place in case something happens to you or a loved one? The numbers vary survey to survey, but they all agree: the vast majority of adults in the US believe having a will is important, but upwards of 60% of adults do not have a will. If setting up a will or power of attorney keeps getting pushed to the bottom of your to-do list, let the New Year serve as the chance to get these important documents ready to go just in case.

Any big life event (marriage, divorce, the birth of a child, retirement) should be a reminder to review these documents and make sure that your beneficiaries still line up the way you want them to. But the New Year is a great chance to make sure you don’t need to make any changes. Has a recent medical diagnosis changed what you desire for end of life care? Make sure your living will/advance directive reflects those changes; if you have designated someone as your power of attorney for healthcare, make sure they know your wishes as well.  

You worked hard for your money! Make sure it does what you want it to when you’re not here to look after it anymore. 

Check out this great article from CNBC with more tips on which documents to consider.