Summer Time…Moving Time
Summer is one of the busiest times for relocations – ask any real estate agent.
When you have found your next dream home, you probably are not thinking of your Estate Plan – you have enough to do just planning the move.
The reality is that there are two things to consider during and after the move.
First, Organize and keep those important legal documents with you. Don’t trust them to moving companies. You might just have a critical need for a particular document and would not want to go through the hassle of floundering through cartons to find that important piece of paper.
One rather bizarre event was when a client’s associate, during their overseas move, lost most of their household items overboard. Their entire container left the dock and took a nosedive into the water, along with their legal documents, photo albums and irreplaceable collectibles. Their insurance documents were, of course, in the container.
Second, After the move /consult your estate plan documents (or have your legal advisor do the job) and think about if and how your situation may have been affected. The most obvious change would be moving to/from a community property state or to a foreign country…there are differing laws for different states and countries that could affect your estate plan.
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