Physical security is a big part of feeling emotionally, psychologically, and spiritually secure. A home security system can fit nicely into estate planning goals, providing an extra layer of protection when we are gone—both temporarily and permanently.
Incorporating a Security System into Your Estate Plan
If you have both a home security system and an estate plan, then you are probably proactive about planning for possible contingencies. But if you have not incorporated your security system into your estate plan, you should do so as soon as possible.
Give Access to a Trusted Decision-Maker
You may have already given a house sitter, pet sitter, friend, or neighbor access to your security system. While they can enable and disable the alarm on an emergency basis, decision-makers you have designated in your estate plan to act on your behalf—such as a personal representative, trustee, guardian, or financial or medical power of attorney agent—may need access as well.
In fact, a trusted decision-maker may have a legal duty to keep your property secure in accordance with your wishes, which can include using the security system. Or, if you do not have a system currently but wish to incorporate security technology as an added layer of protection after your death or incapacity, you can specify that in your estate plan.
An Empty and Unsecured House Is Enticing to Criminals
Security system costs are an expense of the estate. Depending on their features, they run between hundreds of dollars to thousands of dollars.
This may be money well spent protecting your property. Authorities have warned in recent years of thieves using public obituaries and social media posts to target the homes of deceased people.
Security and Peace of Mind Go Hand in Hand
Having a plan in place that incorporates wills, trust, powers of attorney, advance directives, and other legal documentation helps eliminate some of life’s uncertainty. Without an estate plan, you are leaving your legacy to chance. In addition, a home’s value may possibly increase with a good home security system, leaving greater value to your loved one’s a professional real estate agent can help you understand the value of your home and how the security system may provide greater value to your home.
In death as in life, the smallest details can make the biggest difference. A will is just the beginning of a strong, well-thought-out estate plan. When the time comes for your loved ones to deal with your estate, your estate plan may prove ineffective if they do not have access to your home security system and other account information.
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