In New Jersey we are quickly approaching the one-year mark of life in the COVID-19 pandemic. I am sure you remember the beginning of the pandemic when we were assured that precautions and “lock-downs” would only last for two-weeks. Then, then two months. Now, a year.
Stress and anxiety seem to rise and fall in line with the confirmed number of positive cases. Despite the promise of distribution of vaccines, news is inundated with vaccine delays, variant strains, new guidance on masks, and the potential for new travel restrictions. Over the last year, many Americans have spent sleepless nights pondering the worst-case scenario. In this time of intense uncertainty, preparing for the worst can save you some peace of mind.
Here are five documents that you should put in place, or update, during the pandemic:
This list constitutes just some of the most essential legal precautions that you should take during the pandemic. Your particular circumstances may dictate further action. For example, if you were recently divorced, you may have to ensure that the title to your car is in the correct name. Or, if you recently inherited property, you may wish to specifically include that property in your will.
Some may find it uncomfortable to prepare these documents, but just remember that it doesn’t hurt anything to be prepared. Think of planning your estate as an insurance policy, you won’t need it until you do.
All five of the documents listed are well worth the small effort that they take to prepare. To ensure their effectiveness and compliance with applicable laws, it is best practice to consult an attorney to prepare or update these documents. Once you have these documents drafted or updated, be sure to keep the documents in a safe place and to inform your beneficiaries and/or agents where to find them.
For assistance in estate planning, please visit hunnelllaw.com/contact to schedule a call with one of our attorneys.