With statewide stay-at-home orders and 24/7 coverage of COVID-19 news, more and more people are tackling what they have been putting off for a long time: their estate plan. Every adult should have, at a minimum, a Will, Power of Attorney, Health Care Power of Attorney, and a Living Will for peace of mind. For those with young children, it is highly recommended that a trust be created to be funded only upon death. This will ensure that assets left to minor children will not held in probate court until the children reach age 18. It is worth noting that trusts are no longer the domain of the wealthy. Indeed, trusts can be used as an effective tool to avoid probate, provide for a surviving spouse and children, and protect assets.
In today’s climate, estate plans can be created and established by phone, email, FaceTime, Skype, or Zoom. Our firm can notarize documents remotely without face-to-face contact. Wills—which require the physical presence of two witnesses—can be executed in unconventional places such as parking lots, parks and driveways, with the utmost social distancing precautions. If you would like more information about the estate planning process, please contact Eileen Bower at (614) 229-4502 or firstname.lastname@example.org.