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Traveling this summer? Make sure your estate plan is up-to-date

| Jun 20, 2013 | Estate Planning |

Summer is the time when most families decide to take their vacations. with the kids out of school and the weather nice across the country, it provides a perfect time for everyone to spend some time with one another.

However, there are some important issues that people should consider before leaving Georgia. While no one wants to think of anything bad while on their dream vacation, accidents can happen. Serious medical emergencies could also arise with little to no warning. It is important that everyone leaving town, especially families with minor children, include estate planning on their pre-vacation checklists.

There are some families that have not addressed estate planning in the past. This can lead to serious problems if emergencies arise while out-of-town. Parents need to be sure that they have selected someone to care for their children should the parents pass away.

Additionally, it is important for individuals to appoint an individual to make healthcare decisions on their behalf should they become incapacitated. This can help prevent families from fighting with one another if there is a disagreement over the course of treatment that should be administered.

For those with existing estate plans, they should review the documents to make sure that they are current. All of the beneficiaries should be named, with the assets that will pass to each carefully listed. Also, people should be sure that all of their information, including bank accounts and other sources of income, should be kept in a safe place that can be accessed if they pass away. This makes it much easier for the family to know what is included in the estate.

Those with estate planning concerns should discuss their questions with an experienced attorney. An attorney can help individuals review their documents, and ensure that their final wishes are carried out.

Source: The Travelers Rest Tribune, “Shaw on the law: 8 estate planning things to do before you travel,” Steve Shaw, June 3, 2013.

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