In times of uncertainty, you want to be prepared. You want to make smart decisions to protect the health and safety of your family and loved ones. Here are five estate planning questions to ask yourself today.
1. Have I legally appointed someone who knows my health care wishes if I cannot communicate them?
A Healthcare POA is a durable power of attorney, a legal device that allows one person to indefinitely make decisions on behalf of another. Learn more here.
2. Who will pay my bills if I cannot?
A financial power of attorney, known as a durable power of attorney, lasts indefinitely and can be canceled or revoked at any time. Learn more here.
3. Are my beneficiaries up to date?
If it’s been more than 5 years since you last did a thorough review of your account beneficiaries, or if you’ve had significant life changes, now is the time to rethink your beneficiaries. Learn more here.
4. Who will care for my pets if I’m unable to take care of them?
Your pet is a member of your family but is legally considered your property. Illinois law gives you the option of creating a pet trust, a legal arrangement to care for your pet. Learn more here.
5. Can someone access my online accounts if necessary?
Write down the URL, login info and password for all your accounts and devices and share it with someone you trust. There are estate planning guidelines for how your digital assets will be handled after your death. Learn more here.
We want to help you protect your family during these uncertain times. The attorneys at Estate and Probate Legal Group are working remotely and are available to advise you on creating, updating, or finalizing your estate plan by phone, email and video to make sure our clients have everything in place if the worse should happen.
If you have any questions about estate planning during the coronavirus pandemic, or if you would like to schedule a free consultation, please contact us or call our office at 630-800-0112.
