Estate Planning in the Era of COVID-19
By Allyson S. Heller
In light of the uncertainty caused by the Coronavirus, many people are scrambling to get their affairs in order. In recent weeks, new and existing clients alike have reached out to me to draft new estate planning documents and update older documents.
Fortunately, our office has been able to successfully work with clients in finalizing their documents remotely. Our office is equipped to conduct client meetings via telephone, email, and video conference.
Many people are overwhelmed by the estate planning process and don’t know where to begin. A typical estate plan consists of the following four essential documents:
- Revocable Living Trust: Moves your property into the trust name to avoid probate court, a time-consuming and lengthy process, and allows you to choose your beneficiaries.
- Pour-Over Will: Works with the above trust to ensure your wishes are followed.
- Durable Power of Attorney: Specifies who you would want to make financial and property decisions for you should you become incapacitated and what powers you give to that person.
- Advanced Health Care Directive: Specifies who you would want to make health decisions for you should you become incapacitated and what powers that person has (Do you want to stay on life support? Do you want to donate organs?).
A comprehensive estate plan, consisting of the above documents, will help protect what’s most important to you.
During this time, when we are all trying to adapt to the new social distancing protocols brought on by Coronavirus, our office is available to help clients finalize their estate plans and bring them peace of mind.
Allyson is an Associate Attorney at The Law Offices of Tony J. Tyre, Esq., APC and offers free estate planning consultations. To book your appointment, please call 626-858-9378 or email email@example.com