The coronavirus pandemic has brought life as we know to a standstill in many ways, so it is easy to put certain responsibilities on the back burner. Though this is absolutely understandable under the circumstances, an estate plan is a must during these uncertain times.
It is important to state your wishes with regard to monetary asset transfers, but that is only part of the equation. A well-constructed estate plan will also addressed medical related issues that can arise at a time when you are unable to communicate your choices.
To prepare for this eventuality, your estate plan should include advance directives for health care. You can record your preferences regarding the utilization of life-sustaining measures like resuscitation, artificial hydration, feeding tubes, and artificial respiration in a living will.
You can add a health care proxy to name someone to make medical decisions on your behalf. These would be related to scenarios that are not specifically covered in the living will.
Estate Plan Updates
Estate planning attorneys always emphasize the fact that this is an ongoing process. The original estate plan that you establish will inevitably need revisions as the years pass and things change. Your life situation and family dynamic can evolve, and there can be relevant changes to laws that impact certain aspects of estate planning.
If you have not looked at your existing plan in years, action is probably required. We would be more than glad to meet with you to learn about your current objectives and existing planning. After our conversation, we can make the appropriate recommendations to be sure your objectives are met.
Explore Our Resources
Since you have reached this website, you are looking for information about important estate planning and elder law topics. You will find hundreds of posts covering countless different subjects on this blog, and it is regularly updated, so you may want to visit us often.
Plus, there are additional resources that you can access through this website other than the blog. One of them is our estate planning worksheet. It is a fantastic tool to utilize to gain a more thorough understanding of the estate planning process. You can visit our worksheet access page to obtain your copy.
Virtual Appointments Available
We have taken every possible step to keep our staff members, their families, and our clients and their families safe and sound. Our office is staffed by just one person daily, and we have suspended in-person consultations unless the situation is an absolute emergency. Staff not physically in the office are working remotely.
People have a lot of time on their hands under these circumstances, so it is actually a good opportunity to stop the procrastination and take the appropriate steps to protect yourself and your family.
Our firm will be offering virtual consultations throughout this interim, so you can have a one-on-one conversation with an estate planning attorney without leaving the comfort of your own home. Telephone conferencing is another possibility if you would prefer to go that route.
To set the wheels in motion, you can send us a message through our contact page, and if you reach out electronically, you can expect a prompt response. Our phone number is 585-374-5210, and we sincerely wish you well during this trying period of time that we will all get through together.
- Changing “Irrevocable” Trusts Through Decanting - September 22, 2021
- Donor Advised Funds: Too Good to Be True? - September 15, 2021
- Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification - September 8, 2021