Do you have a Will? That is, do you have a legal document that outlines your wishes regarding the distribution of your property after your death? The document should also spell out other important considerations like the legal care of your minor children upon your passing.
Between one-half and two-thirds of American adults do not have a Will. The big question is why? There are many answers, but some of the most common answers are, “I don’t have time,” “I’m still young,” or “I don’t have much so what does it matter.” None of these answers are real answers, they are actually excuses. The truth is, a Will is something that has to do with our eventual death, and who wants to think about that?
To start, see if you answer yes to any of these questions:
In the past few weeks, an escalating number of clients have hurried to meet by videoconference and phone with their legal advisers.
Mortality is on everyone’s minds. Spurred by the coronavirus pandemic, clients who I haven't touched their legal documents in years as well as prospective new clients, have been reaching out to update their existing estate planning documents, or write new ones.
COVID-19 has caused scores of people to write Wills and make critical estate planning decisions about who will oversee their medical care and finances if they become ill or incapacitated. Yet, more than 50 percent of people age 55-plus do not have a Will or the other key estate planning documents they might need during the pandemic, according to Caring.com.
If the Coronavirus Outbreak Has Prompted You to Get Serious About End-of-Life Directives — We’re Here to Help!
As part of our commitment to helping you make the most of the unusual circumstances during the coronavirus pandemic, the team at Tacoma Elder Care, along with our partners at Smith Alling PS, want to make it as easy as possible for you to experience the peace of mind that comes with proper legal planning.
Referencing a recent MSN article (below), gives several examples of people around the nation who suddenly feel prompted to get going on their end-of-life planning.
We are determined to make it possible for anyone to access our services, even in a time of crisis. This is the perfect time to do some responsible end-of-life planning, which includes preparation of appropriate documents and the advice on how to make sure you have everything in place for your unique circumstances, regardless of what happens.
We are available by phone, email, or via online conferencing on platforms such as Skype or Zoom. Contact us HERE. Don’t wait, get in touch today!
What is Probate?
Probate is the legal process, defined by each state, to settle the affairs of a deceased individual. It is the process of distributing a person’s assets and paying off debts after that person passes away. The personal representative (formerly known as an executor) handles creditors and distributes the assets of the estate.