Summer vacation is a chance to set your worries aside and bask in a relaxing getaway. Before you head out to the beach or on a mountain adventure, you will have peace of mind knowing your affairs are in order. Would your loved ones be taken care of if the unexpected happened?
Always Have a Current Estate Plan
If you already have an estate plan in place, make the necessary changes before summer vacation. A good rule of thumb is to update your estate plan if a birth, marriage, divorce, or death has occurred in your family. In addition, career changes or the accumulation of new assets could warrant a need for updating your estate plan.
1. Medical Power of Attorney: If you were to suffer from an injury or illness that left you incapacitated, you should always have a medical power of attorney appointed. This person can make medical decisions on your behalf.
2. Financial Power of Attorney: If you are ever in a position where you cannot pay bills or keep up with mortgage payments, your appointed representative can gain access to your bank account. Then you can be sure that your financial affairs are handled in the interim.
3. Guardianship: When you have minors in your household, appointing guardians is necessary to responsibly plan for the unexpected. Naming guardians you can trust to take over their care will ensure your wishes are honored if something were to happen while you are away.
While preparing for mishaps while traveling may feel uncomfortable, always having an up-to-date estate plan is essential. Then you can be sure your loved ones are cared for no matter what happens while you are away.
Hire an Estate Planning Lawyer You Can Trust
When it comes to estate planning, working with a knowledgeable and trustworthy attorney is crucial. Our Miles & Hatcher, LLP team of dedicated estate planning attorneys understands the intricacies of estate law. With our guidance, you can navigate the complexities of creating a comprehensive estate plan tailored to your specific circumstances and wishes.
To protect your assets and ensure your loved ones' well-being during your summer travels, call Miles & Hatcher, LLP, at (909) 481-4080 to schedule a free consultation.