What Hurricane Helene taught us about protecting
your legacy from the unexpected
In the aftermath of Hurricane Helene, we've all been reminded of how unpredictable life can be. When a natural disaster strikes, it’s easy to think of physical losses—homes, belongings, cherished keepsakes—but often overlooked are critical legal documents. Estate planning documents, such as wills, trusts, and power of attorney, are essential for securing your financial and legal wishes, and their loss can lead to significant stress for loved ones at a time of crisis.
Imagine the scenario: important papers are damaged or lost in the chaos, leaving families in turmoil when they need clarity and direction the most. This is why having a plan in place to secure estate planning documents is as crucial as the estate plan itself.
At Franco Suarez Agency, we emphasize the importance of keeping these documents safe and easily accessible, especially during emergencies. Here are a few proactive steps you can take to protect your estate planning documents:
Digital Copies: Consider having your legal documents scanned and stored digitally in secure, encrypted cloud services. This ensures that no matter what happens physically, a backup exists that can be retrieved from any location.
Safe Deposit Box: Storing physical copies in a bank safe deposit box is an option for added security. It provides peace of mind, knowing these vital documents are protected from both disasters and theft.
Trusted Contacts: Ensure that a trusted family member, attorney, or financial advisor knows where your documents are stored and can access them in case of an emergency.
Review and Update: Regularly review your estate plan and make sure all documents are up to date. Life changes like marriage, the birth of a child, or acquiring new assets can all impact your estate plan, and regular reviews ensure your wishes are properly reflected.
Hurricane Helene was a stark reminder that preparation is key. Don't wait for a crisis to realize the importance of securing your estate planning documents.
Here are some examples of documents you need to safeguard:
- Last Will and Testament: Specifies how your assets will be distributed and names guardians for minor children.
- Living Trust: Helps manage your assets during your lifetime and ensures a smoother transfer of property after your death.
- Durable Power of Attorney: Authorizes someone to handle financial decisions if you become incapacitated.
- Healthcare Power of Attorney: Designates someone to make medical decisions on your behalf if you're unable to do so.
- Advance Healthcare Directive (Living Will): Outlines your preferences for medical treatment in end-of-life situations.
- Beneficiary Designations: Documents tied to retirement accounts or life insurance that direct asset distribution.
- Deeds to Property: Proof of ownership for real estate and other significant assets.
- Funeral Instructions: A document outlining your preferences for funeral arrangements.
At Franco Suarez Agency, we are here to help you put a comprehensive plan in place so that you can protect both your assets and your peace of mind, no matter what nature throws your way.
Your future is worth securing—reach out today to start the conversation!
