Now that all but essential businesses are closed and individuals
are working from home in most of the country to slow the spread of
COVID-19 (or, as we have all heard by now, to “flatten the
curve”), many may use extra time while at home to deal with
things they've put off. This backlog could include updating
existing estate planning documents or implementing an estate plan
for the first time.
Now is a good time for those without estate plans to have basic
plans put in place and those who already have plans to ensure those
documents (which may have been drafted many years ago) correctly
reflect their current wishes.
These basic estate planning documents typically include four
instruments: a Will, a Revocable Trust, and powers of attorney for
health care and property, each of which serves an important purpose
in the overall plan.
