Whether you’re traveling for leisure or business, having the right estate plan ensures peace of mind, knowing your loved ones and assets are protected if the unexpected happens.
Nominating someone else as trustee or co-trustee does not mean you lose control. The trustee must follow the instructions outlined in your trust and may need to report back to you. You can also replace your trustee if needed.
If you lack a financial power of attorney or similar documents, each state has laws outlining who may serve as a conservator. This could lead to an undesirable situation where someone you wouldn’t have chosen…