Would your estate plan hold up in a “fire drill”?

Imagine this, you wake up tomorrow with COVID-19 symptoms and you only have a few hours before being admitted to the hospital. Where are your important documents? Who is a person trusted to handle your affairs or take care of your child(ren)?

Living in a pandemic has made many people update and review their family planning when it comes to their estate.

COVID-19 has made even healthy people consider their mortality. Now is the time to revisit your estate plan or if you don’t have one you should not hesitate to start one.

A year ago, people typically chose to plan when there was a trip planned overseas or after attending a funeral. Now I am getting more questions about what happens if a spouse becomes sick or how do I ensure my children are taken care of?

This situation can cause uneasiness or unpleasant feelings of gloom. But sometimes through dark times good things happen.

Consider this as a time to take control and make your estate plan pass the “fire drill” test.

• When was the last time your estate plan was updated?

• Where are your documents located? 

• Who is your trusted person or representative?

• What is the plan for your child(ren)?

If you are a busy professional you have likely already begun to place estate planning on your to-do list. It is time to get it checked off! A lack of a plan or even a poorly crafted plan can cost you more in the long run. Be proactive and begin working with an attorney to create a plan of action.

How can Moulden Law help you?

In these uncertain times, it is paramount not to be paralyzed by concern of the unknown. You have access to an attorney with 20 years of financial and legal experience. Why not take advantage of that? Whether you need to discuss your current plan or what options are available to you, I am here to help.  Please do not hesitate to reach out to me by clicking here. 

Stay safe.