If you are looking forward to your summer vacation, you might want to set aside some time to devote to your estate planning efforts as you create your vacation to-do list. A good estate plan is something everyone needs, as well as something you need to monitor regularly. If you are making plans for summer vacation, here are some simple things you can do to help you with your state planning efforts.
Keep track of how much time you spend on planning your vacation. If you don’t have an estate plan, one of the reasons might be is because you think it’s too difficult to make one. This isn’t true. Creating a comprehensive estate plan is often no more complicated than planning for vacation. Keep track of how much time you spend on your vacation plans. Then, contact an attorney to begin your state planning efforts. You should be prepared to spend at least one hour on estate planning for every hour you have spent on vacation planning.
If you have an estate plan in place, vacation planning is a great time to update it. Review your medical directives, powers of attorney, and any other documents that you might not have looked at for a while. Pay special attention to people you have nominated to manage your affairs for you. If those people are no longer located close to you or you believe someone else is better suited for the position, you will need to update your plan.
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