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Does COVID-19 Impact Your Estate Plan?

Hello,

The coronavirus pandemic undoubtedly has you on edge. We’ve all been forced to face our fears in some way, whether it’s the fear of falling ill, losing a job, or having to spend time alone. With all these anxieties and unknowns weighing on your mind, it might feel like there’s suddenly a pressing need to get your affairs in order…just in case.

Though most people who contract COVID-19 experience mild symptoms, it doesn’t hurt to be prepared if you do need to be hospitalized. It can feel scary thinking about getting sick or not being able to make decisions for yourself, but an estate plan is meant to ease your fears. After all, wouldn’t you feel better knowing that the burden of making health and financial decisions will never fall on unprepared family members?

The truth is that just about everyone should have an estate plan, even if there is no looming health threat. So, if you don’t have one, there’s no better time than now to put it together.

The documents you need to form a proper estate plan:

  • Financial Power of Attorney

  • Healthcare Power of Attorney

  • Advance Health Care Directive

  • HIPPA Waiver

  • Living Will

  • Living Trust

If you have these documents in place, when is the last time you reviewed them? Do these forms still meet your goals? Most likely you don’t have an answer to those questions. That is where a trusted professional comes in and walks you through the process of making sure you are still protected.

We would love to serve as your resource to provide you with the knowledge and support necessary to knock this out. Together.

Contact wecare@scarboroughlaw.com to take advantage of a free consultation with an attorney.

Contact us to schedule a Family Wealth Planning Session right away. This article is a service of Scarborough Law LLC. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Family Wealth Planning Session, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love.