Many of us make a to-do list before we head off on vacation to a faraway destination. This list can include paying bills in advance, filling prescriptions and asking the neighbors to check your mail. But did you know you should also have an estate planning checklist before you fly out? There are some estate planning precautions to take before you travel internationally.
An estate plan establishes a will or trust to pass your assets to beneficiaries after your death. And it also includes preparation in case you become incapacitated. At a minimum, an estate plan should include the following:
All people over 18 should have an estate plan in place. Even at a young age – because once your child has their 18th birthday, you can no longer talk to the doctors or make medical decisions if they are harmed in an accident.
It is recommended to update your estate plan every 3-5 years – or if you have any major life changes. But another perfect time to update your estate plan is before you travel internationally. While we hate to think about it, traveling can be dangerous. You want to have everything in order before you leave the country.
Some estate planning precautions are:
Working with an experienced estate planning attorney is essential. Before you pack that final carry-on bag, make sure you have reviewed and updated your estate plan.
When you are ready to establish or update your estate plan, make sure you discuss your wishes with an estate planning attorney. Schedule a consultation with the experienced attorneys at Estate and Probate Legal Group. Call us at 630-864-5835.
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