Emergency Planning in Place
Sep 27, 2011 / By: Geoffrey H. Garrett, Estate Planning Attorney / Category: Incapacity Planning, Insurance, parents with young childrenYou never know when a medical disaster may strike, so you need to have emergency planning in place. Take a look at the following information, to learn more. If you have any questions, or if you’d like to discuss your individual emergency planning needs, contact an estate planning attorney.
- Make sure all of your estate planning documents and other important documents are kept together. This will help to keep you from losing important documents and will make it easier for you or your loved ones to get the files that are needed during an emergency.
- Create an emergency fund. You never know when you may need a large amount of money during an emergency. If you have a fund in place, you will have access to the money that is needed and not fall prey to unscrupulous credit card companies. It’s prudent to have enough money for up to 3-6 months of expenses in the event of job loss, illness, or another emergency.
- Purchase the insurance that you need. You may have considered life insurance; also, consider other insurance policies as well. This may include disability, personal catastrophic (i.e. umbrella), auto, flood, earthquake, renter, and homeowner insurances. This will allow you to be prepared during a natural disaster.
- Have an emergency plan in place. Talk to your family members, including your children, to make sure that they know what to do during an emergency (i.e. meet at neighbor’s house in case of fire, call estate planning attorney in case of disability or death, call Uncle Joe and Aunt Marie is anything happens to Mommy, etc.)
Protect yourself and your family by Taking time to consider your emergency planning needs. If you’d like assistance with your emergency planning affairs, consult with a qualified estate planning attorney.
Byrd : Garrett, PLLC is a member of the American Academy of Estate Planning Attorneys.
