Deployment orders typically raise an abundance of questions and concerns. One of the most important steps that need to be taken care of before an individual is deployed is arranging their financial assets. Compiled are some helpful tips to get you through this process:
- You will want to appoint someone to handle your financial affairs while you are deployed. If you are a single parent, you will want to appoint someone as a temporary guardian as well. A power of attorney can guarantee that all of your final wishes will be executed. They will also pay any household bills you may have, file your tax returns, renew your car registration, and care for your children.
- Those who are deployed that have property, are married, or have minor children should prepare a will. Your will should identify your beneficiaries and your final wishes.
- You will also need to make some insurance arrangements. Start by contacting your auto insurance provider and see what discount options they have for those deployed. If your car will remain in a garage waiting for your return, you may be eligible to receive a hefty discount.
- Most importantly, take a look at your life insurance policy and make any necessary changes or updates. You will want to make sure that everything on your life insurance policy reflects your current wishes and needs.
- If your children are dependents on your health insurance policy, you will want to make sure that everything is taken care of before you leave. This will ensure that they will receive coverage throughout your entire deployment.
Contact Gaudy Law today for all of your legal needs. We are always available to help you with your probate and estate planning needs. We will be your legal guardians throughout your entire deployment.