The coronavirus pandemic has upended every area of life, including planning for one’s death or disability. Whether you have an estate plan or need to create one for the first time, this crisis is a valuable reminder about the importance of estate planning.
Fortunately, the pandemic doesn’t have to stop you from making or revising an estate plan. Most estate planning lawyers will consult with you by video conferencing or other internet communications.
No one likes to dwell on illness or death, but there is security and peace of mind in knowing your loved ones will be provided for when you pass away. Useful estate planning documents to consider are a last will and testament and a revocable living trust, which both direct the proper management, administration and distribution of your property.
Other estate planning documents you might consider include:
Your estate plan is not a permanent plan that you can “make and forget.” While creating your plan is a crucial first step, you should regularly revisit your plan to make sure it still fits with your goals and needs. Updating your estate plan after a major life event such as the birth of a child, a divorce or a death in the family, is often especially important. Amid the COVID-19 crisis, it’s more urgent than ever to make sure you have a plan in place that protects you and your family.
The estate planning lawyers at Bankier, Arlen & Snelling Law Group, PLLC in Delray Beach help individuals create estate plans which give them confidence and peace of mind about the future. To schedule an estate planning consultation, please call M. Adam Bankier at 561-278-3110, Robert M. Arlen at 561-279-1880 or Linda L. Snelling at 561-501-7778 or contact us online.