Protecting Your Estate While You Travel

Woman Using Laptop in airplane during flight Before you head out on a lengthy trip, you run down a checklist of things that must be done before you leave. The pets are cared for. The appliances are off. The windows and doors are locked. The mail and newspaper have been put on hold. However, have you ever considered whether your estate details are in order before leaving on a trip? A little bit of diligence on this front can give you great peace of mind on your trip. It can also simplify things for your loved ones if something happens while you are gone. Here are several specific things you should add to your “to do” list if you are leaving town for any length of time.

  • Establish estate plan. Many people have plenty of good intentions about this, but have never actually done it. If you are going on an extended trip, use it as a motivation to finally complete this important step. If you already have an estate plan, you will want to make sure it is updated and in place.
  • Make sure your minor children are cared for. You don’t want to leave on a long trip without a plan regarding who will be the guardian for them if something happens to you on this trip. Make sure you have named an appropriate guardian and left instructions for the care of your children.
  • Review your documents regarding your incapacity. Make sure the proper forms and legal authority has been designated for your health care.
  • Update your insurance. Make sure that premiums are up to date, your coverage is still adequate and beneficiary designations are current.
  • Organize your files, documents, and financial affairs.
  • Share your information and plans with your key people. Make sure they know where to get started with important documents and information if something major should occur on your trip.
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