If you are planning a vacation, you probably have a lot to prepare for before you get away. Between structuring your itinerary, getting plane tickets, and booking hotels, creating an estate plan is probably not something you thought to add to your to-do list. But, think again and consider that now is the time to act.
If something were to happen, whether an illness, injury or even death, your family would be stuck with a huge mess to clean up.
The Barber family of Southern California is an unfortunate example. Mom, dad and three kids went on a roadtrip to Arizona where they were in a terrible accident. Mom and dad died, and their three boys were injured, but alive.
It took the authorities a couple of days to locate any relatives, during which time the boys were in the protective custody of strangers. A fate no parent ever wants for their children in a time of tragedy, fear and grief.
The family member that was located first was a sister of the mom. She promptly took the boys back to her home and didn’t let any other family members see the boys.
It took many hundreds of thousands of dollars and at least 7 lawyers to sort out the family fighting that ensued over both the boys and the assets left behind by the Barber parents.
And it all could have been easily avoided with a small amount of planning in advance.
Making the commitment now to create a comprehensive estate plan will ensure your loved ones will not be stuck in court or conflict, if the unexpected happens while you are on vacation.
At least 4 weeks before you leave, schedule a Family Wealth Planning Session with us. During that Session, we’ll get you more financially organized than you’ve ever been before (ensuring none of your assets are lost) and guide you to make informed, empowered and educated choices for yourself and the people you love most. If you are leaving sooner than 4 weeks from now, call our office (Amy at 937-589-4144) and let us know you need a rush Family Wealth Planning Session. We will see what we can do to get you started.
Whatever you do, do not just think a boilerplate set of estate planning documents from Legal Zoom will serve you or your family. Remember, Legal Zoom’s own research shows that 80% of their client make mistakes in completing their forms.
This article is a service of Tom L. Culpepper, Personal Family Lawyer®. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. You can begin by calling our office today (Amy at 937-589-4144) to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.