Whether you’re traveling for work or pleasure, the idea of going somewhere new is exciting for many. However, if the idea of hitting the road or getting on a plan has you considering your own mortality, taking the necessary steps to update your estate plan is critical to achieving peace of mind while away from home. The following blog explores what steps you should take to update your plan before traveling with the help of Pennsylvania estate planning attorneys.
Why should I update my estate plan before traveling?
In the hustle and bustle of packing and preparing for your trip, taking the time to review and update your estate plan may be the last thing on your mind. However, this is a necessary step in achieving peace of mind while away from home.
Though it’s morbid to consider, accidents do happen. As such, taking the time to make changes to your estate plan can help ensure the wishes inside are accurate. Additionally, this can help protect your loved ones and beneficiaries should something happen while you’re gone.
What changes should I make?
When you want to update your estate plan, there are several changes you may want or need to make. However, the first thing you should consider is any immediate changes that have been made since you last reviewed the document. For example, if there was a change in your family, like a divorce, birth, or marriage, you may want to update the plan to reflect these changes.
Additionally, if you recently purchased or sold a home or other property, making the necessary changes in your will is essential. This ensures all of your property is accounted for in your will. Additionally, it can be beneficial to review how these assets are distributed and make changes as necessary.
Finally, you’ll want to review your plans if you have minor children. This details who will care for them in the event you pass away. As such, it’s vital to ensure these plans reflect your wishes and that the person you have named is able to fulfill the role. If they cannot, you should update these forms.
How do I make these updates?
If you are ready to make the necessary updates to your estate plan, it’s in your best interest to connect with an experienced attorney. Unfortunately, trying to navigate this process on your own can be overwhelming, and you may make an error that invalidates the rest of your estate plan. As such, letting an attorney guide you through this process is essential to protecting your assets and loved ones.
When you’re ready to make the necessary changes, you’ll want to connect with an experienced attorney from Friedman Schuman. We understand how complex these matters can be, which is why we’re ready to assist you in updating your estate plan. Connect with our team today to learn how we can help you.
