A recent Forbes.com article provides helpful advice on estate planning during Coronavirus (COVID-19).
The Coronavirus has forced us all to face our fears in some way. You might feel a need to get your affairs in order when thinking about getting sick, losing a job or having to spend time alone. Thus, estate planning during Coronavirus (COVID-19) is crucial.
It’s scary to think about getting sick and not being able to make your own decisions. But, an estate plan can ease that feeling. After all, wouldn’t you feel better controlling who makes end-of-life decisions for you?
The truth is, just about everyone needs an estate plan. Even when there’s no health threat. So, if you don’t have one, there’s no better time than now.
You Need a Lawyer for Good Estate Planning
While some websites promote self-help estate planning during Coronavirus (COVID-19), those sites don’t account for local rules. Indeed, there are many New York laws that govern Will creation and transfer of property.
For example, most New Yorkers know that Wills and Powers of Attorney must be witnessed and notarized. That’s a problem for self-helpers during Coronavirus (COVID-19). We cannot gather with notaries and witnesses. Additionally, many notaries and law firms are closed.
Fortunately, New York allows for virtual notary service during the pandemic. Our Velella & Basso attorneys are notaries, and we are set up to handle remote estate planning during Coronavirus (COVID-19).
It pays to have a Velella & Basso lawyer review your plan if you have a large estate or family. Our attorneys can look out for problem areas, re-title assets and make sure certain property bypasses the estate for tax savings.
A good estate plan can save your loved ones money, so you should not resort to self-help. Now more than ever, mistakes can be costly.
Call us today at (718) 931-1220 or schedule a free consultation online.
The information on this website is not legal advice. It is for information purposes only. No user of this site should act or refrain on the basis of this information without seeking legal counsel. This website does not create an attorney-client relationship.