With the hot summer weather, it is essential to take steps to protect estate assets from potential damage caused by hot weather. Whether you are a trustee, executor, or beneficiary, ensuring that estate assets are properly maintained during the summer can help prevent costly repairs and preserve their value.
1. Inspect and Maintain Air Conditioning Units:
One of the most important steps in protecting estate assets during the summer is inspecting and maintaining air conditioning units. Proper maintenance can help prevent breakdowns and ensure the units operate efficiently. Clean or replace filters regularly, check for leaks or other issues and schedule annual inspections with a qualified HVAC technician.
2. Protect Outdoor Furniture and Decor:
Hot weather can cause outdoor furniture and decor to fade, warp, or damage over time. To protect these assets, consider investing in covers or storage solutions to shield them from the sun's rays when not in use. Additionally, regularly cleaning and treating wood furniture can help extend its lifespan.
3. Monitor Irrigation Systems:
During the summer, it is crucial to monitor irrigation systems to ensure that landscaping and gardens receive adequate water. Hot weather can quickly dry out soil and plants, leading to wilting or death. Consider installing an smart irrigation system that adjusts watering schedules based on weather conditions to prevent overwatering or underwatering.
4. Secure Valuables From Theft:
Hot weather increases crime rates, including thefts of valuable items from estates, such as tools, equipment, or outdoor furniture. To protect estate assets from theft, consider installing security cameras or lighting around vulnerable areas of the property. Additionally, storing valuables in locked sheds or garages can deter would-be thieves.
5. Prepare for Severe Weather Events:
In addition to hot temperatures, summer often brings severe weather events, such as thunderstorms or hurricanes, that can cause significant damage to estate assets. To prepare for these events, create an emergency plan that includes securing loose items outdoors, trimming trees near structures, and stocking emergency supplies like flashlights and non-perishable food.
Estate Planning & Probate Attorneys in Dallas-Fort Worth
As we've explored the various strategies and considerations for managing an estate during the hot summer months, it's clear that the challenges are significant—but not insurmountable. If you're in Plano, TX, and find yourself in need of expert legal guidance to navigate the probate process or protect estate assets from the summer heat, Crain & Wooley is here to help. Our experienced estate and probate attorneys are well-versed in the unique demands of managing estates in hot climates. We invite you to contact us at (972) 945-1610 to ensure that your estate is managed efficiently, legally, and with the utmost care for your assets.