Monday, September 21, 2020
The coronavirus has proven deadly and there are no signs that it will slow down anytime soon. Given the great risks that the coronavirus holds, there is a very important question you should ask yourself: Do you have a legal, written will?
One common misconception is that you don't have to begin estate planning until you are old. However, according to Elizabeth R. Carter, professor at the LSU Law Center, "You should not wait until you are old to engage in estate planning."
With the many threats within our Country, you should begin strategizing your estate plan. But first, there are a few things you should consider.
First, you should not try to estate plan on your own. Although it's possible, it is not encouraged. You should seek out an attorney that has experience in estate planning.
You should also avoid using fill in templates for wills that you may find online. Avoid this method at all cost. Many of the templates you will find may not be legally enforceable in your state. These templates are also not worth the money even if they are free!
You should also be sure to check if your state requires wills to be notarized.
Your strategy may be different if you are creating a living will. These documents typically involve your wishes on end-of-life treatment.
Overall, you should be very careful and strategic in your estate planning process.
See George Morris, You need to have a will: Here are some things to consider in getting one, The Advocate, August 24, 2020.