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Posted by on Mar 22, 2020

Estate Planning During Coronavirus & Social Distancing

Estate Planning During Coronavirus & Social Distancing

During this frightening time, we are all reminded of life’s unpredictability and the need for estate planning.  I utilize technology to virtually meet with clients, via videoconference or teleconference.  You can work with us to get your estate plan in place now, from the comfort and safety of your home, without in person meetings.

Key documents all Indiana adults should have in place, at any time, but especially during a time of health risk:

  1. Last Will and Testament. In its most basic form, your Will provides for you to direct the distribution of your assets titled to your name individually upon your death and appoint a person (or persons) to administer your estate upon your death. If you die without a Will, assets titled in your individual name may be subject to intestate administration.
  1. Appointment of Health Care Representative. Also called Health Care Proxy and Health Care Power of Attorney, this document provides for the appointment of a person (or persons) to make medical decisions for you in the event that you are incapacitated and unable to make decisions for yourself.
  1. General Durable Power of Attorney. In your General Durable Power of Attorney, you name a person (or persons) to make financial decisions for you in the event of your incapacity.
  1. Living Will. Your Living Will allows you to state your preferences regarding end of life decisions in the event of an incurable illness or persistent vegetative state.