Why Online Estate Planning Is Not the Solution During The COVID-19 Crisis
While we are in the thick of the COVID-19 crisis, many people will turn to Google for medical, business, and even legal advice. This “advice” can take the shape of legal documents and blank legal forms, including estate planning forms.
The problem with online estate planning forms? These forms do not consider your needs, they do not plan specifically for YOUR estate (or trust) administration, and the most significant issue regarding online or do-it-yourself planning is the uncertainty that these forms were drafted properly, executed properly, and will be viable when they need to be enforced.
You may think that your estate is relatively simple, but even the simplest estates can benefit from creativity within your planning. Professionals can help ease the pain and complexity in these situations, like the COVID-19 crisis, with wills, revocable living trusts, irrevocable life insurance trusts, charitable trusts, family limited partnerships, special/supplemental needs trusts, powers of attorney, and health care directives.
FMJ’s Trusts & Estates group is here to help you, your family members, your friends, and/or your clients. They can even assist if an online estate planning form has already been used. If you have questions, please contact our estate planning attorneys David Ness at firstname.lastname@example.org, Karen Schlotthauer at email@example.com, Matthew Jensen at firstname.lastname@example.org, or Nicole Flaherty Cropper at email@example.com.