5 Important Documents to Have in Place for Estate Planning during COVID-19

estate planning

If you’re searching for a dependable estate planning attorney in New Jersey, we are here to help. As the COVID-19 pandemic continues to change the lives of people across our country, we want to ensure you are prepared if you or someone in your family contracts the virus. Don’t leave your family open to medical and financial risks – get these five estate planning documents in place today:

  1. Guardianship: If you have children under the age of 18, you want to know they will be taken care of if you become ill and need to stay in the hospital for an extended period of time. A Guardianship appoints someone to take care of your children if you become unable to care for them, often a relative or a close family friend, and you can rest assured that your children will be in capable hands if something should happen to you.
  2. Healthcare Power of Attorney: If you become unable to make medical decisions for yourself, you don’t want decisions to be made by the courts. This document appoints someone in your family to make decisions on your behalf if you become incapacitated.
  3. Living Will: In this document you can specify the types of medical care you do or do not want in certain situations, so you don’t leave your family guessing if tragedy should strike. You don’t want your family feeling confused and uncertain if something happens to you and they are required to make decisions on your behalf.
  4. Revocable Living Trust: This document is crucial, because it allows you to allocate your assets, including money and property, in the event you should pass away. Family feuds over assets are unfortunately very common, but you can avoid this and remove any doubt by creating a Revocable Living Trust.
  5. Durable Financial Power of Attorney: If the unthinkable happens, would your family face financial strain? This document appoints a trusted person to pay bills, make deposits, and other important transactions on your behalf.

Contact our New Jersey estate planning attorneys 

When it comes to estate planning it’s always best to be prepared. These documents are a crucial part of your family life and you deserve to have the peace of mind that comes from knowing that if tragedy strikes, your affairs are in place. It’s simply too risky to wait until it’s too late.

We are standing by and ready to help. Contact us today for assistance with Last Will and Testament, Power of Attorney, Trusts, and more. Discover why we’re trusted estate planning attorneys in New Jersey. We look forward to hearing from you.

Recent Posts

Archives

Categories

Call Now

×