Holiday Travel and Your Estate Plan: Important Steps Before You Leave Home

As the holiday season approaches, many families are preparing for travel, whether it’s a trip across the country to visit relatives or an international getaway. Amidst all the excitement, it’s easy to overlook an essential part of preparation: making sure your estate plan is ready to protect you and your family if an unexpected crisis arises. Here are some important estate planning steps to take before you hit the road or board a plane this holiday season.

1. Confirm Your Trust is Fully Funded

One of the most critical steps in estate planning is ensuring your assets are correctly titled in the name of your trust, often referred to as “trust funding.” If assets like real estate, bank accounts, or investment portfolios are not in your trust, they may be subject to probate, complicating your family’s ability to manage them if something happens to you. Before traveling, take the time to review your trust funding. Confirm that your major assets are titled in the trust’s name, and if any assets are missing, update them accordingly. This will help ensure that your wishes are followed and that your family can manage your estate smoothly, even if you’re far from home.

2. Include Pertinent Notes or Instructions with Your Estate Documents

Sometimes, an estate plan is not just about legal documents but about the context and personal guidance you leave for loved ones. Consider including notes or specific instructions with your estate plan, especially if there are nuances in your wishes or specific guidance for handling this holiday season. Whether it’s instructions for supporting elderly parents, handling finances, or caring for pets, these details provide comfort and clarity to your family in a time of crisis. Make sure your notes are organized and securely attached to your main estate planning documents, so they’re accessible if needed.

3. Communicate with Your Nominated Decision-Makers

Your estate plan likely names trusted individuals, such as a healthcare agent, financial power of attorney, and trustee, to make decisions on your behalf if you are unable to do so. Before you leave, have a conversation with these decision-makers to ensure they know where your estate planning documents are located and how to access them. Clear communication now can prevent confusion later, giving your family peace of mind and ensuring that your wishes are honored if something unexpected happens.

4. Prepare for International Travel with Alerts and Emergency Contacts

If your travel plans include leaving the country, it’s wise to set up measures to alert appropriate individuals back home if an emergency arises. For example, you might leave travel information, including flight details and contact numbers, with a family member or friend, so they’re aware of your plans. You can also arrange for a notification service, such as a mobile app or travel alert system, to inform someone back home if an emergency occurs. Additionally, check that your healthcare power of attorney and other legal documents are valid abroad, as some countries may have specific rules regarding foreign documents.

Peace of Mind for You and Your Family

Preparing your estate plan before holiday travel ensures that your loved ones are prepared and empowered to support you, no matter where you are. From confirming that your assets are in your trust to organizing guidance notes, each step creates a layer of security for you and your family. Taking these simple but meaningful actions provides peace of mind, helping you relax and enjoy your travels knowing that your estate plan is ready for any situation.