Spring Break is just around the corner, and whether you and your family are heading out of state or traveling internationally, having an estate plan in place before you go is one of the best ways to protect your family. While no one likes to think about worst-case scenarios, taking a few simple steps can give you peace of mind while you enjoy your trip.
Essential Estate Planning Documents for Travelers
Before you pack your bags, make sure you have these key documents in place:
1. Will or Trust
A last will and testament ensures your assets are distributed according to your wishes if something happens to you. If you want to avoid probate and streamline the process for your loved ones, a revocable living trust may be a better option.
2. Financial Power of Attorney
If an emergency arises while you’re away, a financial power of attorney allows a trusted person to handle your finances, such as paying bills or managing your accounts.
3. Medical Power of Attorney & HIPAA Authorization
If you become injured or ill while traveling, a medical power of attorney designates someone to make healthcare decisions on your behalf. A HIPAA authorization allows your loved ones to access your medical records in an emergency.
4. Minor Guardianship Designations
If you have children under 18, you can name a guardian to care for your children if something happens and you’re unable to do so.
Travel Tips for Estate Planning
- Review and update your beneficiary designations on life insurance policies, retirement accounts, and bank accounts.
- Store your documents securely and ensure your designated agents (such as your power of attorney) can access them if needed.
- Carry an emergency contact card with key medical information and contact details for your designated agents.
- Notify a trusted person where to find your estate planning documents in case of an emergency.
Plan Ahead for Peace of Mind
Taking a little time to update your estate plan before traveling ensures that your family is protected, no matter what happens. At Windrose Law Center, we help Arizona families create and update estate plans that provide security and confidence. Contact us today to review your documents before your next trip!