Before any trip, most of us create a “to-do list” of things we have put off and want to take care of before we leave. Here is a checklist of estate planning things to do before you take your next trip. Taking care of these will help you travel with peace of mind, knowing that if you don’t return due to serious illness or death, you have made things much easier for those you love.
Many of us do not think about what would happen if we suddenly became incapacitated or died. Would our friends, spouse, or family know what to do? Would they know where to find important documents? Would they be able to access (or even know about) online accounts or files? Would they know whom to ask if they need help? Putting the effort in now to establish a formal document inventory can alleviate unnecessary anxiety and
For those of us in our 30s, one of the last things on our mind is planning for our eventual death. Whether it be because we believe we’ll “live forever,” or because we’ll have plenty of time to think about it later, typically it is low on our priority list. Admittedly, as a 30-something I regularly put off my own planning for the same reasons. It wasn’t until friends and others I knew my age
If you have your children, you should name “backup parents” who will raise them in the event you and your spouse pass away before your youngest child turns 18 years old. While the odds of that actually happening are low, not naming someone to take care of your children will cause a headache to your family should the unthinkable happen. If no backup parents guardian is named in the parent’s will, a judge—someone unfamiliar with
It wasn’t very long ago that we used paper as our main source of communication, record keeping and note taking. All tax records, bank statements, and letters were kept in filing cabinets. It was easy to tell a loved one, “If something happens to me, everything important is in there.” But since the advent of the computer, internet, email, and social networking, the vast majority of our data is online. In fact, a recent survey