Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, September 28, 2020

Are you prepared to die? I am, and that’s the right way to live.

EstateplanningOf the near 202,000 Americans who have died unexpectedly from COVID-19 in the past 7 months, most of them were likely not planning for a sudden death. According to caring.com, "fewer than half of those 55 and older had completed estate-planning documents. The number 1 reason being they "haven't gotten around to it." 

However, the concerns surrounding COVID-19 has lead to a "boom" in estate planning. Estate planning checklists have begun to appear online to provide guidance on planning for life before and after death.

If there is one thing to take away from the risks of the Coronavirus, it is the importance of estate planning. Procrastination poses a risk that will go unnoticed for years if not checked. Keeping your will and living will updated is necessary in order to be prepared to die. 

Being prepared to die and being ready to go are not the same thing, of course. However, you can never be ready to go if you are not prepared to die; through end-of-life planning, you can get there. 

See Steven Petrow, Are you prepared to die? I am, and that’s the right way to live., Washington Post, September 26, 2020. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2020/09/are-you-prepared-to-die-i-am-and-thats-the-right-way-to-live.html

Current Affairs, Current Events, Estate Planning - Generally, Trusts, Wills | Permalink

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