Estate Plans in an Emergency
We can all agree that we are living through some very strange times during the Coronavirus pandemic. The unpredictable nature of each day is a great reminder that we are not always in control — but, we can be prepared.
If you haven’t reviewed your estate plan in the last couple of years, now is the time to do it. For those worried about themselves or aging parents, here are some things to consider:
Reviewing Your Durable Power of Attorney (POA)
Changes in people, lifestyle, and even external events can alter the details of your Power of Attorney (POA). It is a good idea to go through the documents and make sure they are specific enough. It is particularly important to review or assign your healthcare POA and a financial POA. These designees will be able to make important health and financial decisions on your behalf in the event of incapacity.
Evaluating and Updating Your Designees
Probably the most important thing to review is the people you have named and the specific benefits and responsibilities they are assigned. Are they still alive, relevant in your life, and reliable? Also, keep in mind that beneficiaries you name in your will may be different than those listed on other financial plans such as a 401k or IRA. Check those documents as well and make sure everything is clear.
Scheduling an Estate Plan Review
We encourage you to make an appointment with your attorney to review — or put into place — your estate plan soon.
COVID-19 Precautions and Remote Meetings
We want you to know that we continue to actively monitor the spread of COVID-19 and are taking precautions for the health and safety of our clients, employees, and communities. As always, we offer remote meetings where possible and are happy to schedule clients by telephone, Skype, or FaceTime.
If it is necessary to come into one of our offices, you can rest assured that we are following all CDC recommendations, including making sure surfaces are routinely disinfected.
Encouraging Family Connection and Self-Care
As a family law practice focused on the overall health and wellness of all families, we encourage you to use this time to reconnect with your family and practice moments of self-care and mindfulness. We’re all in this together!
Contact us if we can help you with this process in anyway – Contact@jlonglaw.com or 312-344-3644
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