If you are going on a trip, you may want to pull your estate plan out of its drawer.
A column on nwitimes.com describes what the author did when he and his wife were going on a trip without their kids. He made a long list of things that had to be done by the kids each day while the parents were away. Things like feeding the dog.
Then, he took the estate plan out. He took it to his 16-year-old son and explained where it would be and what it was. He also told the boy his attorney’s name.
The kid was a little shaken, he said, but it was something that had to be done.
The message: you may have a great estate plan, but it is of no use if it cannot be found.
He also reminds people that they don’t have to wait for a trip to explain the details of the family’s estate plan to the kids.
Simple advice, but important.
If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.
