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Title: Ten Tips of Estate Planning Before You Travel

United States, 25th Jun 2024, King NewsWire - Estate planning involves securing your legacy, determining how your assets will be distributed, and making healthcare decisions in advance. With a solid estate plan, you can travel confidently, knowing that your financial, medical, and personal matters will be handled according to your wishes and that your loved ones will be protected.Mark Fishbein of ALTA Estate shares ten essential estate planning steps to ensure peace of mind while traveling.1. Review Your WillLife events such as marriage or the birth of a child necessitate updates to your will to prevent disputes and ensure your intentions are clear. Confirm designated guardians for minor children and make adjustments for significant asset changes since your last review. This process safeguards your legacy and provides peace of mind.2. Update Your Power of AttorneyChoose a reliable agent, define their powers, and regularly review the document for changes in your life or legal compliance. Discuss the scope of the POA with your agent and inform them and relevant parties of its location. Consulting with an experienced estate planner ensures your POA meets legal standards and protects your financial interests.3. Health Care DirectivesAlongside a living will, a health care proxy or medical power of attorney designates someone you trust to make medical decisions if you are unable. This person should understand your healthcare preferences and be willing to advocate on your behalf. This preparation ensures your healthcare wishes are honored and provides invaluable guidance to your loved ones and healthcare providers, especially when traveling.4. Beneficiary DesignationsRegularly update beneficiary designations on life insurance, retirement accounts, and other financial instrumen...

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