Summer is the perfect time to escape the daily grind and embark on exciting new adventures. Whether you're jetting off to a tropical paradise or exploring new cities, the thrill of summer travel is unmatched.
However, for those who travel frequently, managing your estate plan while on the go is essential for ensuring peace of mind. Keep reading to learn about some tips and tricks from MacMillan Estate Planning that can help keep your estate plan in tip-top-shape as you soak up the summer sun!
One of the most important aspects of estate planning for frequent travelers is ensuring that your crucial documents are easily accessible. While lounging by the pool or hiking a scenic trail, the last thing you want to worry about is whether your Will, Power of Attorney and other essential documents are secure. Consider using secure digital storage solutions to safeguard your files, rather than traditional, physical copies while you’re on the move. By leveraging these technologies, you can ensure that your sensitive information remains protected and within reach, no matter where your summer adventures take you.
And just as the seasons change, so can your life circumstances which means that regularly reviewing and updating your estate plan is critical. Whether it's acquiring new assets, experiencing major life events or shifting personal circumstances, each change should prompt a review of your estate plan. Make it routine to revisit and revise your plan every one to two years, or after any significant life changes, to ensure that your plan aligns with your current situation and goals. For frequent travelers, this practice is especially important as your busy schedule might make it challenging to keep track of changes that need to be made.
At MacMillan, we understand that summer travel can make it difficult to schedule regular, in-person meetings. This is why we also offer our services virtually, allowing you to manage your estate planning from anywhere in the world. Whether you are wine tasting in a vineyard or taking in the sunset from a mountain top, you can connect with your trusted advisor through phone, email and even video conferencing. This flexibility ensures that your travels won’t be interrupted by the need to handle estate planning matters in person, allowing you to be present in the season.
When your trusted advisor is aware of your travel plans, they are able to contact you when needed and ensure your documents are up to date, adapting to any changes in your circumstances. They are also able to offer valuable guidance on legal or tax implications related to your travels, especially when you are navigating international territories.
And lastly, effective communication with your family and loved ones is another key aspect of successful estate planning. Ensure that your family members are aware of your estate plan and know where to find important documents if required. This preparation helps guarantee that your wishes are executed smoothly, even if you’re not immediately available.
Travelling should be a time for relaxation and enjoyment, not for worrying about your estate plan. By keeping your documents accessible and updated, you can enjoy your summer adventures with confidence. If it’s been a while since you reviewed your estate plan or if you need assistance managing it while on the go, the team at MacMillan Estate Planning is here to help – contact us today at 1-833-266-6464 or schedule a complimentary consultation online at https://bit.ly/40tRayr.
Additionally, secure your spot in one of our upcoming, complimentary estate planning webinars to gain valuable insights and secure your peace of mind: https://bit.ly/4aOsrZV