You’ve packed sunblock and a beach novel. You’ve planned your itinerary and bought plane tickets. But have you ensured that your estate plan is up to date? Don’t leave home without making sure your financial health and the future of your loved ones is provided for. It’s even more crucial than getting a pet sitter and locking the front door.
If you don’t have an estate plan yet, don’t panic. Now is a great time to sit down with us so that we can get you started with an appropriate plan for your specific needs. Here are some questions to begin the process:
- Do you have a will?
- Have you considered using a trust? Trusts have considerable benefits, from keeping assets safe from creditors to dividing an estate equally without worrying about the status of individual assets.
- Are your children protected? You should designate a guardian to care for your minor child in the event you are unable to. You should name an adult who will manage your minor child’s inherited property if you pass away. These may or may not be the same people.
- Have you considered life insurance? Knowing your dependents are provided for will give you peace of mind.
- Are your assets accurately inventoried? Have you left out any important assets or neglected to report changes?
- Are your beneficiary designations accurate?
Have you already created an estate plan? That’s great! It’s still important to verify that all provisions made in the estate plan are exactly as you want them and that they are compliant with current law.
Contact Us Today
Estate planning with a trusted attorney is an important part of preserving the legacy you’d like to leave to your loved ones. As you’re preparing for summer travel, don’t neglect your estate plan. We can help you put a plan in place that will reassure you and your family.