A Good Move to Make during the Pandemic

A Good Move to Make during the Pandemic: While most of those infected with COVID-19 will recover, about 20% need hospitalization, and in the absence of widely approved treatment, those who are placed in the ICU can be in grave danger.

Thousands of deaths from the coronavirus is making many of us look at death more seriously than we would otherwise. Many Americans are looking to create a will, and if you don’t have this important document in place, it’s critical that you create one immediately — just in case.

Motley Fool’s recent article entitled “The 1 Move You Must Make During the COVID-19 Crisis” says that about 37% of Americans have a will. Without one, you’ll risk having little to no say over what happens to your assets in the event of your passing.

It’s not uncommon for people to say things like, “I’m not rich and have very little money to my name, so who cares who gets it after I pass?” This is not so. Even if you only have a modest amount of assets, it’s wise to make out a will, so your wishes are carried out.

If you have minor children, you need to designate a guardian to care for them, if you should die and they don’t have another living parent. This isn’t a question you want to leave unanswered, and you don’t want to leave your family members to fight over who will take on the assume the responsibility of taking in your children.

Create a will with the help of an estate planning attorney. If you create one online, you risk missing nuances that may be important in the event of your passing. If your estate is somewhat complex, it’s worth the money to use a legal expert.

Another estate-planning document to create includes a financial power of attorney, which designates someone to make financial decisions on your behalf, if you can’t.

A healthcare proxy is a person who can make medical decisions on your behalf. Ask your estate planning attorney to help you determine which documents will benefit you.

With our major health crisis, it’s not really the time to delay creating a will, if you don’t have one already. This document could give you and your loved ones peace of mind, when comfort goes a long way.

Reference: Motley Fool (April 6, 2020) “The 1 Move You Must Make During the COVID-19 Crisis”

It is our goal to provide our clients with the highest level of legal services in the areas of Last Will and Testaments, Living Trust, Irrevocable Trusts, Estate Planning, Probate, Asset Protection, and complete Business Planning. If you or someone you know needs information on Florida estate planning, please contact us today at 239-449-8191 to schedule your free consultation.

 

NATIONAL HEALTHCARE DECISIONS DAY – April 16

NATIONAL HEALTHCARE DECISIONS DAY

Today is National Healthcare Decisions Day, it was established to educate and empower the public and healthcare providers to take part in important advance care planning.

In the absence of an advanced directive, medical personnel rely on family members to determine what a patient’s wishes might be. Family members also often struggle to make these difficult decisions. However, many of these difficult decisions can be avoided with advanced planning.

The observance emphasizes the importance of advance directives, and national, state and community organizations come together in a collaborative effort to promote the day. These entities are working together to ensure the availability of the information, opportunity, and access needed to document health care decisions.

While advance care planning seems like a difficult discussion, the alternative leaves family members struggling to make the decision for you. Completing an advanced directive removes the burden from our loved ones. It also frees us to have more pleasant conversations in the future.

HOW TO OBSERVE #HealthcareDecisionsDay

Plan ahead for your important healthcare decisions. Contact an Estate Planning Law Firm to find the documents you need now, complete them, and put them where they are easily accessible. Discuss your decisions with your loved ones. Let them know where your documents are in the event you have a healthcare event, too. Encourage other family members to complete an advance directive, too. Don’t place the burden of these decisions on your loved ones.

 NATIONAL HEALTHCARE DECISIONS DAY HISTORY

Nathan Kottkamp, McGuireWoods LLP, founded National Healthcare Decisions Day to help educate the general public about advance directives. To learn more, visit The Conversation Project.

It is our goal to provide our clients with the highest level of legal services in the areas of Last Will and Testaments, Living Trust, Irrevocable Trusts, Estate Planning, Probate, Asset Protection, and complete Business Planning. If you or someone you know needs information on Florida estate planning, please contact us today at 239-449-8191 to schedule your free consultation.

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