Estate Planning and Fire Safety: Protecting Your Family and Assets

Estate Planning and Fire Safety: Protecting Your Family and Assets

When creating an estate plan, it’s easy to focus on big-picture goals like wills, trusts, and beneficiaries. However, preparing for unexpected emergencies, such as a fire, is equally crucial to protect both your family and your legacy. Fires can strike without warning, and having a clear plan in place can make all the difference. Here’s a list of items you should not forget to safeguard in the event of a fire:

1. Vital Documents:

Ensure you take copies of your will, trust agreements, powers of attorney, and healthcare directives with you or save them in a digitally secured location. Don’t forget birth certificates, death certificates, passports, Social Security cards, and marriage licenses. Also, keep a list of all insurance policies (home, life, health, and auto) in a digitally secure, easily accessible place.

2. Family Heirlooms and Irreplaceable Items:

Depending on the time, take sentimental items like photographs, jewelry, and mementos. Consider digitizing photos or scanning old documents.

3. Backup Keys and Access Information:

Duplicate keys for safes, vehicles, or storage units should be stored offsite or with a trusted individual.

4. Medical Necessities:

Take important prescriptions with you.

Compile a list of prescriptions, medical devices, and a summary of medical histories for all family members.

5. Emergency Kit:

Include essentials like flashlights, batteries, bottled water, non-perishable food, and a first-aid kit. Store these in an easily accessible location. And, if time, pack a bag with a week of clothing and other personal items.

Make a list of what you’d need in the event of an emergency and a plan of what you would do and when. Being prepared is valuable.