Summer Vacation Plans. There may be more to your checklist. Estate Planning

Planning Your Summer Vacation

Ah summer time. School is out, schedules tend to be a little more relaxed and there are many fun family things to do.  One of our annual traditions, like most families is our summer beach trip.

Your Estate Plan

My practice is focused around each client's detailed and personal financial plan.  This is a comprehensive look at your goals, insurance coverage, tax situation, college needs, investments and your estate plan.  Each one of these areas has to work together and make sense for your family.  This is very true of your estate plan.

To share more on this topic in reference to summer vacation, I asked Gary Vinson, an Estate Planning Attorney to share some quick thoughts around the importance of estate planning.

Summer is here and vacation planning is in full swing.  In fact, vacation season seems to prompt more inquiries for first time consultations than any other time of the year.  As we move down our checklist to include the swimming trunks and sunblock there is not likely a "to-do" for updating the Estate Plan or for preparing for our untimely demise.  But, inevitably, this thought creeps into our mind and we think what if....

What if my spouse and I pass away at the same time?  What if our Executor is on the same plane as we are on?  What if our Guardian moved to Montana since the last time we updated our Will?  However unlikely these what ifs are to actually occur, the underlying fear should not be too quickly dismissed only to re-emerge at the first sign of turbulence on your flight.

Finding time to review your Estate Plan and Financial Plan before a vacation can provide you with the reassurance that your affairs are in order.  Whether a consultation reaffirms that your plan covers the what ifs or whether it reveals a gap in your plan, reviewing your plan with a professional can provide confidence it is right for you.  Then you can enjoy the trip that you worked so hard to go on in the first place.

Feel free to reach out to Gary or me if you have questions.  Here is his contact information:

Law Offices of Gary Vinson II, Inc.

Telephone: 614.478.0777 Mailing Address: 7385 North State Route 3, Box #13

Westerville, Ohio 43082

Have a great summer break,

Luke Fields, CFP®

Raymond James is not affiliated with and does not endorse the opinions or services of The Law Office of Gary Vinson II, Inc.

About Stewardship Cents  Stewardship Cents exists to Educate, Entertain and Enhance the financial wisdom of all who read it.  Everyone needs to be wise with what has been entrusted to them and common sense can help us be good stewards of all that we have.  Stewardship is a belief of responsible overseeing and protecting of important resources. Luke Fields is Vice President of Foley & Foley Wealth Strategies, An Independent Firm, that has been based in Worthington, Ohio since 1981.  A graduate from The Max M. Fisher College of Business at The Ohio State University, Luke is a CERTIFIED FINANCIAL PLANNER™, holding his Series 7, 66 and Ohio Life, Health and Variable Annuity Insurance licenses.  He resides in Columbus, OH with his high school sweetheart, Beth and their three children.  Luke is an active member of his church, serving in leadership and finances. Follow additional insights and connect on LinkedIn, Facebook, his blog or Twitter. You can always reach him with comments or questions at:luke.fields@raymondjames.com. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC