Portland, Oregon Trusts Lawyer: How Estate Planning Can Protect Your Family During Summer Travel

As the school season winds down, it's time to start planning those long-awaited family vacations. But before you pack your bags and head out, it's crucial to ensure that your family is protected in case of the unexpected. That's where estate planning comes in.

Estate planning may not be the most exciting topic, but it's essential to ensure that your family is taken care of, even if you're not around to do so. It involves creating legal documents that specify how your assets will be distributed, who will make decisions for you if you become incapacitated, and who will care for your children if something were to happen to you.

Here are some estate planning essentials that you should consider before your next family vacation:

Create a Will

A will is a legal document that specifies how your assets will be distributed after you pass away. Without a will, your assets may be distributed according to state law, which may not align with your wishes. It's crucial to update your will regularly and ensure that it reflects your current situation.

Establish a Trust

A trust is a legal entity that can hold your assets, allowing you to specify how they are to be distributed. Trusts can help avoid probate, which can be time-consuming and costly.

Designate a Guardian

If you have children under the age of 18, it's essential to designate a guardian who will care for them if something were to happen to you. This can be specified in your will or a separate document.

Create Powers of Attorney

A Power of Attorney is a legal document that gives someone else the authority to make decisions for you if you become incapacitated. This can include decisions related to your finances, medical care, and other important matters.

Review Your Insurance

It's essential to review your insurance coverage before traveling. Consider getting travel insurance, which can cover unexpected medical expenses or trip cancellations.

By taking the time to create an estate plan, you're taking a crucial step towards securing your family's future. So, before you head out on your next family vacation, consider creating an estate plan that will provide you with peace of mind. We make it easy, call us today to schedule an appointment.

If you want to get started on your estate plan, read about our estate planning services and schedule an appointment.

To your family's health + happiness.

~Candice N. Aiston