Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
THE VALLEY BUSINESS JOURNAL<br />
10 www.TheValleyBusinessJournal.com<br />
<strong>December</strong> 20<strong>22</strong><br />
Holiday Travel: Is Your Estate Plan Up to Date?<br />
CONTINUED FROM PAGE 1<br />
Here is a checklist to consider:<br />
1. Review Your Will or Trust:<br />
The fact is, the unexpected<br />
can occur at any time, even<br />
if you’re on vacation. If you<br />
haven’t reviewed your trust<br />
in awhile, be sure to spend<br />
some time looking it over and<br />
making sure you are on board<br />
with all of your instructions<br />
you’ve set.<br />
2. Update Beneficiaries: Read<br />
through the beneficiaries and<br />
make any changes that are needed.<br />
For example, was there a birth<br />
since the last time you updated<br />
the will? Have there been any<br />
divorces, marriages, or deaths in<br />
the family? You can also take the<br />
opportunity to name guardians for<br />
your minor children.<br />
3. Set up Medical and Financial<br />
Directives: Name trusted people in<br />
your life to appoint as your Medical<br />
Power of Attorney so you have<br />
a responsible person to step in and<br />
make medical decisions on your<br />
behalf. You will need a Financial<br />
Power of Attorney to access your<br />
bank account and pay any bills if<br />
you were to be incapacitated.<br />
4. Review Life Insurance Policies:<br />
Read through your life<br />
insurance policy. Do you have<br />
a policy that covers accidents<br />
that may happen while traveling?<br />
What about sicknesses or<br />
natural causes of death? You<br />
can also update the amount on<br />
the plan and the beneficiaries.<br />
The best thing to gift yourself is<br />
peace of mind before your holiday<br />
travel. Do not waste a moment before<br />
traveling without an estate plan.<br />
In case the unexpected occurs while<br />
you’re on holiday, your loved ones<br />
will know exactly what to do when<br />
you have planned ahead.<br />
The fact is, the unexpected<br />
can occur at any time, even<br />
if you’re on vacation. If you<br />
haven’t reviewed your trust<br />
in awhile, be sure to spend<br />
some time looking it over<br />
and making sure you are<br />
on board with all of your<br />
instructions you’ve set.<br />
SHOUPLEGAL.COM<br />
LEGAL<br />
by<br />
by<br />
Andrea Steve Shoup Fillingim
Change language