Estate Planning and Coronavirus

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Estate Planning and Coronavirus

Estate planning is very important. In fact, this plan, regardless of how you make it, will end up shaping your future and the future of those you care about. To those who aren’t quite sure of what an estate plan is, an estate plan is a plan made to in preparation of one’s death. This plan covers the distribution and management of ones assets upon death. Estate plans are usually made with the help of estate planning attorneys. However, with the outbreak of the coronavirus pandemic which has claimed several lives, face-to-face meetings were halted and virtual meetings were adopted in the estate planning process.

Creating a Good Estate Plan is Very Important

Creating a good estate plan is the only way you can be assured that your family will be catered for after your demise. With a good estate plan you can:

  • State the type of healthcare you’ll like to be provided with in the event of your incapacitation
  • State the name of the individuals who will make those important financial and health care decisions if you become incapacitated to make them
  • Determine the beneficiaries of your estate
  • Ensure that the necessary individuals have access to important details of your life such as your SSN, insurance details, bank passwords, and the likes.
  • Draft a final message for those you care about
  • Outline how you wish to be buried

How to Complete your Estate Plan During the Pandemic

Estate planning is more than inviting an estate planning attorney and drafting a will. The best estate plan involves scrutinizing your entire life and then making a plan that takes care of your individual needs. A good estate plan should include important legal documents such as a power of attorney, a trust, last will, financial power of attorney, etc.

Virtual Estate Planning

Due to the coronavirus pandemic, lots of meetings have moved to virtual meeting tools such as Zoom, FaceTime, Skype, and the likes. This is done to curb the spread of the novel coronavirus. So, unlike the usual way of planning an estate where you schedule meetings with your estate planning attorney to discuss your intention, now, these meetings will have to be done virtually.

Virtual estate planning is quite convenient for both parties. There is no need to leave your home. You can carry out the meeting at your convenience, regardless of where you are. So all you have to do is to make your intentions known and the attorney on the other end will advise you in the required areas to ensure that there are no mistakes along the way or complications after your demise.

Plan Your Estate Early

The coronavirus pandemic may discourage several people from planning their estate due to fear of contracting the virus. If you are among these people, you need to remember that life is full of uncertainly. No one knows when death will arrive. So, you need to be courageous and plan your estate for the sake of your future and those you care about. Call an estate planning attorney and make inquiry about their virtual estate planning option.

Estate Planning Lawyer

When it comes to estate planning, people have several intentions. Some estate owners may even decide that none of their children is fit to inherit their assets, while others may decide to give their estate to charity. Regardless of what your intentions are for your estate, an estate planning lawyer Queens can be of help. When planning an estate, you will want to hire an estate planning attorney that can bring your wishes to pass. What is the purpose of planning your estate that doesn’t fulfil your wishes at the end?

An estate planning lawyer will help plan an estate that mirrors your wishes and one that conforms to the laws of your state. These professionals are skilled in estate planning. They have been in the game for a while so they have the required experience needed to plan an estate that protects your assets, facilitates the easy distribution of your assets after your demise, and safeguard the future of those you care about. If indeed you love you family, you’ll hire a competent estate planning lawyer Queens for your estate plan. And how do you fins such lawyers? Quite simple; just contact us and we’ll provide you with the best lawyer for your estate plan.

DISCLAIMER: The information provided in this blog is for informational purposes only and should not be considered legal advice. The content of this blog may not reflect the most current legal developments. No attorney-client relationship is formed by reading this blog or contacting Morgan Legal Group.

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