Seven Important Things To Consider Before Setting Sail
By Whitey Lipscomb and Stuart Gregory of Davenport & Company

1. Make sure your will and other estate planning documents are up to date, especially if you have recently moved to a new state of residence.
2. Review your primary and secondary beneficiaries on all insurance policies, bank accounts, retirement accounts, and brokerage accounts. Consult with both your estate attorney and your financial advisors.*
3. Consider using professional management services to eliminate concern with decisions on individual securities. This will free up your time so you can focus on enjoying life.
4. While away for extended periods, you may want to set up direct deposit arrangements for recurring payments and checks deposits. This is typically referred to as an Automated Clearing House (ACH) arrangement. Your banker and/or brokerage representative can assist you with this.
5. Keep the business cards of your banker(s) and investment professional(s) in your wallet or purse so that you can easily contact them by phone or e-mail in case of an emergency. Consider storing their phone numbers in your cell phone or e-mail addresses in your Blackberry.
6. Arrange for Letters of Authorization (LOA's) to enable your financial advisor to share information with your attorney or CPA as pertaining to your investments.
7. Last but not least, be sure your medical directives are up
   to date and their whereabouts (multiple copies) are known by your loved ones. Your estate attorney can assist you.

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