With the coronavirus pandemic impacting the health and safety of our loved ones, it is imperative, even more now than ever, to have an estate plan in place. And if you currently have one, it wouldn’t hurt to review it to make sure everything is in order.
COVID-19 is unpredictable, and even though we will get through this pandemic, it is a good idea to err on the safe side and have an estate plan in place. If you should pass away, your estate plan will protect your assets and your family. Also, it will allow your family to take care of your business, make personal decisions and see that your final wishes are followed through.
Create An Estate Plan With An Experienced Attorney
- Consider Your Estate Planning needs – For most people, the hustle and bustle of everyday life have come to a halt. Use this time to think about what you want your estate plan to include.
Having a thought out plan will help your attorney create a plan that reflects how you would like your wishes followed through in the event you should pass away.
Thanks to advanced technology, you don’t have to wait to start your estate planning. Most attorneys can conduct business with their clients via video conferencing, email, and phone.
Notarizing Wills And Trusts: What You Need To Know
Wills and trusts are designed to lay out how your finances and assets are divided amongst your family, friends, or local charities. Often these types of legal documents are required to be notarized. Getting a will or trust notarized can be challenging during a pandemic, but there are a few options available.
- The signing of legal documents – Most law firms will have the technology to allow you to sign legal documents through e-signing. You can ask a friend or neighbor to serve as a witness as you sign the document from a safe social distance.
- Notarizing a will– While technology has advanced, not every state will allow you the opportunity to notarize documents online, nor do they all require a will to be notarized. Only a few states allow a will to be electronically notarized.
Once businesses reopen and your health and safety are not in jeopardy, you will be required to prove the will is valid, and your witnesses will need to sign an affidavit.
If you are unsure of whether you can notarize a will online or not, consult with your attorney, who will have the current information regarding electronic notarization.
- Trusts and notarization –Some states do not require a trust to be notarized. For now, you are encouraged to sign the trust, and when businesses reopen, you can then have a notary validate your signature. However, if your trust includes real estate and is required to file with the registry of deeds, this will not be a valid option.
Start Your Estate Planning Today
End of life is never an easy topic to discuss nor think about, but an experienced attorney can help ease some of the anxiety and fears you may have. With a strategic estate plan, you will be able to outline your lifestyle needs now and your final wishes if you were to die. Also, an estate plan will save your family from financial headaches, legal issues, and avoid potential family disputes.