The economic and personal upheaval triggered by the COVID-19 outbreak is likely to warrant a review of your estate plan, no matter how thorough you think it is. As Americans cope with health fears and financial volatility, it’s worthwhile to determine whether a will, trust, advance medical directive or other legal instrument needs to be revised based on your current circumstances and intentions.
A careful evaluation with assistance from a knowledgeable estate planning attorney can help you:
When a will, revocable trust or other type of estate planning document is created correctly, it should be clear, authoritative and legally enforceable. That doesn’t mean the terms are forever set in stone. Until the time you pass away, revisions can be made. After a major economic event like the COVID-19 crisis, a change in your family life or a significant shift in your personal financial fortunes, you may benefit by working with an experienced estate planning lawyer.
James W. Hilldrup PLC advises clients on wills, trusts and other estate planning matters. Please call 540-736-7368 or contact the firm online to set up a consultation.
By James W. Hilldrup | Published April 27, 2020 | Posted in Uncategorized | Tagged COVID-19, estate planning | Leave a comment
BROWSE OUR WEBSITE
OUR LOCATION
CONTACT INFORMATION
Phone: 540-786-6670
Fax: 540-786-0053
Address: 4343 Plank Road, Suite 220, Fredericksburg, VA 22407-4807