 At Tacoma Elder Care, your safety and security are one of our biggest priorities. We want you to know we are Here to Help! During these challenging times, Bob Michaels is available for consultations in person, by phone, or using Zoom or Skype. Please contact Bob HERE to request a meeting. The current COVID-19 crisis is causing more Americans to contemplate mortality, prompting them to take care of their wills and to think about their estate planning. They’re also worried about their revocable trusts, their powers of attorneys, their health care surrogates, and their living wills. Basically, any life documents that are effective while you're alive. We recommend that everyone should have these documents in place, or at least by the age 60 – but if this crisis has you feeling that Now is the Time! First, we want you to know we’re here to help. We are available by phone, email, or via online conferencing on platforms such as Skype or Zoom. Contact us HERE.
Additionally, here are some important reminders that might help. These are crazy times, and I’m nervous about spending money – Should I consider an online Will? We understand that using a DIY website to draft a will can save money and time, and in a pinch it’s better than nothing, but one of the biggest reasons you should avoid online wills is that the forms do not always say what you think they do, and the form cannot be tailored to your specific needs. In other words, unless you are an attorney and can understand what the form says, how do you know if it’s accurate? Keep in mind DIY estate-planning websites are not specific to you or your unique situation. Read more about WILLS Here. Do I Need A Trust? Keep in mind there are many different types of Trusts, one size does not fit all, and if this is something you’re considering, it’s best to schedule a consultation to find out what is best for you and your situation. However, we have put together a list of the Top 10 Reasons you might want to consider a Trust. Read more about TRUSTS HERE. What Exactly Does Estate Planning Mean? Unfortunately, many think the word, “estate,” means you need to have millions, or own a lot of property. That may have been true 150 years ago, but today it simply means you have a plan in place that encompasses all your security needs, while you’re alive, and after you pass. For example, do you have children? Are you married? Do you own a home? Do you have any savings? If you can answer yes to any of these questions, regardless of the size/amount, you should be considering an estate plan. Read more about ESTATE PLANNING HERE. What Happens if I get Sick? Don’t put unnecessary burdens on your family; plan now for the events you can’t predict and make sure everything is in place. Properly drafted advance health care directives are especially crucial. In a medical emergency, the choices that must be made can be overwhelming. Don’t leave your loved ones left to struggle with indecision as to your wishes if they are absorbed in the emotional impact of an accident or illness. Read more about your HEALTH CARE DIRECTIVES HERE. Why Would I Need an Attorney? Estate planning is a critical part of financial planning, but something many Americans procrastinate about. Yet drafting a will and a health care proxy or power of attorney, maybe creating a trust, and maximizing your loved ones’ inheritances by minimizing taxes, are all important matters you don’t want to leave to chance. Taking care of these key tasks correctly limits the potential for family turmoil and possible legal battles should you become incapacitated, as well as after your death. Read more about the NEED FOR AN ATTORNEY HERE. Learn more about hiring an attorney HERE. When it comes to preparation, we’re experts here at Tacoma Elder Care. Every day we help folks make sure they have everything in place in case an emergency happens. So, if you don’t have an estate plan, now would be a good time to think about putting one in place. We recently posted another blog about these concerning times, you might also find helpful called, “These Are Very Strange Times,” which you can find HERE.
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