Keep a list of the names and numbers of the professions that you work with
as well as your account numbers, securities and insurance information.
Keep your list from #1 above and your Estate Planning documents together
and help your family avoid the Scavenger Hunt.
Use a fireproof box for those documents that the family has access to
in the event of an emergency. Alternatively use a safe deposit box that
the family can get into in the event of an emergency.
Review and update your Estate Planning documents every three to five years.
Make sure to have alternate designees on your documents.
Make sure that your documents have a HIPAA representative designated on
the Power of Attorney.
If you have a Revocable Living Trust, make sure that it is funded.
Make sure to consult with an Elder Law attorney to create a long term
care plan in the event that the unexpected happens.
If you have loved ones with special needs, make sure that you have a properly
drafted Special Needs Trust.
Make certain that your medical attorney-in-fact and patient advocate designee
has a copy of your medical documents that he/she can fax to a hospital
in the event of an emergency.
Source: Danielle B. Mayoras, Attorney and The Director of Community Education
for The Center for Probate Litigation, The Center for Elder Law, and The
Center for Special Needs Planning, divisions of Barron, Rosenberg, Mayoras
& Mayoras, PC
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