YOUR FINANCIAL ESTATE can ultimately end up in a lot of places other than where you intended. Without proper planning, you may wind up leaving a significant portion of your hard-earned assets to the government, creditors or unintended heirs.
Like packing your essential travel documents, your estate documents are there to protect you and your interests just in case.
Key estate planning documents include
• Advance health care directive
• Durable power of attorney
• Revocable living trust
Your essential travel documents may include a driver’s license, a passport and an emergency contact list. As you begin to travel more frequently and to more remote destinations, things get slightly more complicated. You may need certain vaccines and visas. Certain luxuries, like Global Entry and airport lounges, can reduce the stress and travel fatigue. You should view your estate documents in an equivalent manner.
When you travel, your passport helps foreign governments establish your identity and suggests certain travel protection liberties while not explicitly guaranteeing them. A will works similarly to identify your assets and acts as a suggestion as to how your assets should be distributed.
On trips to more remote countries, you may take medication for malaria or vaccines for typhoid and hepatitis. Sometimes these are required, but in many cases they are merely suggested just in case. Advance health care directives and a durable power of attorney perform a similar function. While there is no intention to become incapacitated, these documents act as insurance just in case. Health care directives dictate what actions should be taken for your health if you are no longer able to make decisions for yourself due to illness. A durable power of attorney gives a trusted individual the power to make important financial decisions for you in the event you are not able to make them for yourself. Like common travel vaccines, these documents are preventative and, while many times only suggested, they can be critical.
Those who travel frequently may be well-acquainted with Global Entry and the oasis airport lounges can provide. While only a luxury to the casual traveler, frequent globetrotters know these to be necessary. While not appropriate or necessary to all, a trust becomes essential and necessary for those with complex family situations and cross-border interests. For example, those with non-citizen spouses may not be able to transfer their assets tax-free to their surviving spouse without a trust. Or for those with property across state lines, the appropriate trust may alleviate multistate probate.
Through estate planning, you can act now to ensure you control the fate of your family, yourself and your assets in the event of your incapacity or death.
Celebrate Leap Year with a historic stay at The Eliza Jane in New Orleans, Louisiana. The hotel welcomes Leap Day with the Leap Year Lagniappe offer, inspired by the days of Eliza Jane’s Daily Picayune newspaper and its cartoon weather frog.
Reconnecting the World: GBTA Convention 2023 Spotlights the Vital Role of Business Travel and In-Person Connection
In an increasingly digital and interconnected world, the Global Business Travel Association (GBTA) Convention remains an indispensable platform for business travel industry professionals seeking to make the most of the power of face-to-face connections. Taking place August 13–15 in Dallas, the 2023 GBTA Convention provides the unique opportunity for professionals and companies to join visionaries, thought leaders and industry experts for meaningful networking, cutting-edge insights and inspiring innovation.
In time for peak travel season to Italy’s picturesque Amalfi Coast, the region will welcome its own airport as early as this July. Salerno Costa d’Amalfi Airport is not only undergoing renovations but it also plans to open as a commercial airport.
Whether it's the people, the craic (fun) or the coasts, travelers always find something to love about the island of Ireland. What fills your heart?
After almost four years in the planning, design and reconstruction stages, Baillie Lodges’ flagship property, Southern Ocean Lodge on Australia’s Kangaroo Island, reopened late last year after the original hotel was razed during the summer of the 2019/2020 Kangaroo Island bushfires.
Maroma, A Belmond Hotel, Riviera Maya returned in summer 2023, and now the property announces the launch of the brand-new Maroma Spa by Guerlain, marking the first spa by Guerlain in Latin America. The spa menu offers exclusive and innovative Guerlain treatments that draw inspiration from Mayan culture.
The Saronic or Argo Saronic Islands of Greece call travelers to explore its seven small islands and islets brimming with history, natural sites and more. With most easily accessible by boat, the islands’ proximity to ports of Athens make the Saronic Islands an ideal destination for those preferring shorter boat rides. In fact, trips from Athens ports to the islands take only between 10 minutes and two hours, depending on the island you choose, making them perfect for day or weekend trips. From Piraeus port, you can access Hydra, Spetses, Aegina and Poros directly. Come explore these stunning islands with us and find the inspiration to plan your next trip to these islands. Hydra Hydra town curves around a slope overlooking the Argosaronic Gulf like an amphitheater and is considered one of the most romantic destinations in Greece. Most unique to the island is its lack of vehicles. People on the island get around on mules and donkeys as well as water taxis, making for a peaceful and laid-back day. Hydra lies a two-hour ferry ride from Piraeus port in Athens.
It’s time to start dreaming of your next trip. Here’s some destination inspiration for you. Take a visual journey through Muscat, Oman, with us.