Establish an Estate Plan Before Your Trip
April 1, 2012
Spring has sprung, and it seems everyone is planning to get away. Are you planning a trip? Perhaps you will head to the shore to enjoy the weather or you will visit family or friends. When planning to travel, it is common to experience nervousness. What would happen if you did not make it safely to or from your destination? Fortunately, you can establish an estate plan before your trip, and quiet those fears.
Many people contact their lawyer within days of taking their trip. This is not ideal as you should not rush the completion of your estate plan. If at all possible, you should contact your attorney at least one month in advance of your trip. Should you find it necessary to establish a plan quickly, establish a simple plan and commit to refining it upon your return. A simple plan includes a Health Care Proxy, Durable Power of Attorney, Last Will and Testament and possibly a Homestead Declaration.
Should you experience an illness or injury while traveling that leaves you unable to handle your medical or financial decisions, having a Health Care Proxy and Durable Power of Attorney in place will make a world of difference. …
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by: Gina M. Barry