Summer is everyone’s favorite time to go adventuring across the world. Clients of ours who completed a comprehensive estate plan can head off on those journeys knowing they have their affairs in order. For those out there who either haven’t completed a plan or haven’t started, we offer the following tips to try and get things in a good situation.
- Make sure you have an Advance Health Care Directive (or your state’s equivalent). A general version of this is included in our comprehensive package, but specific versions are normally available from your primary care physician if you ask.
- Once you’ve done an Advance Health Care Directive, be sure you save a copy of the order of names and phone numbers of those you named as your agents. Then, when you are asked to list emergency contacts while out on potentially risky activities, you’ll know exactly who to name.
- Financial planning is not as essential for vacation emergencies, but being sure you have correctly set up authorized access on your accounts for your agents (often through a bank’s own special Power of Attorney form) can help in time of need.
All of that said, if you have time to put a comprehensive plan in place, a complete set of documents that all cooperate with each other cuts more red tape than the above method.