For many families, the summer months offer a break from school, and even work responsibilities. From spending more time with children to planning vacations, there are a number of reasons why the summer can be an excellent time of year. Moreover, summer can be a great time to set up an estate plan, since some people have more free time during this season. Parents may be free from some of the responsibilities that consume their time during the school year, and they may have more time to focus on setting up a will or a trust. However, there are multiple issues to consider with respect to the creation of an estate plan during the summer.
If you are planning a trip with your family, whether you are traveling to another state or a different country, it may be especially important to ensure that your estate plan is squared away beforehand, especially if you need to account for potential risks that you may encounter while on vacation. Moreover, you may be unable to handle estate-related issues during your trip, and you may be able to enjoy your vacation with the knowledge that you have taken care of your estate plan.
There are other stressors and responsibilities which can arise in the summer, such as sending your kids to camp or thoroughly cleaning or remodeling your home. It is important to make sure that you set aside enough time to properly address any estate plan issues that arise. Once you have set up an estate plan, you may be able to enjoy the rest of the summer with a sense of security and relief.