3 Estate Planning Tips When Preparing For Vacation

22529964_mJust as you begin thinking about planning your next vacation, consider whether you are prepared if an emergency should arise.

Give yourself plenty of time.

Giving yourself plenty of time to review and update your estate plan helps ensure that the necessary documents are in order and in accordance with your wishes.  Too many people wait until the last minute before going on vacation to contact their attorneys.  But, rushing through estate planning is fraught with potential problems.  You may inadvertently forget to mention something you wanted included in a Will, or your medical directives may not be worded exactly as you wished, or you may not have updated guardian information for your children.

Consider the possibilities and make sure you have the key documents in place.  In the event of an illness or an accident, someone at home may need to manage your financial affairs or take care of minor children until you are well again.  Among the key documents you should consider are

  • Powers of Attorney
  • Health Care Directives/Living Wills
  • HIPAA Release, and
  • Will and/or Trust Documents

Check your insurance coverage to understand what you are covered for in the event of a car accident or the need for medical services abroad:

  •  Car Insurance
  • Medical Insurance
  • Life Insurance and Beneficiary Designations

It takes time to get it right.  That’s why it’s so important to contact your attorney and start the process well before you board that plane.

Getting Legal Help:

Experienced Estate Planning Attorney, Elga A. Goodman, can help you with all your estate planning needs.  Contact us today at 973-841-5111.

 

 

 

 

 

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