Corona Virus Pandemic and Estate / Life Planning
The corona virus pandemic turned life topsy turvey. Many people find themselves scrambling to put affairs in order. For example, preparing a Last Will and Testament. Or writing a Living Will, an advanced directive regarding life support. Maybe your thinking about that. You ask should I write my own Last Will and Testament? After all forms are available online for low cost! Some even say “prepared by our attorneys”.
Beware of Pitfalls In a Last Will and Testament
It may seem easy enough. Just need to download a form and fill-in some blanks. Then sign it. Voila! You have a Will. However, beware of the pitfalls in a Last Will and Testament. This is one legal document that won’t be tested for legal problems until you have passed. Many self-written wills are invalid or have serious legal problems. So your hope of saving your family from legal complications not only fails but often creates worse problems than if a Will was never written. Also, if you need or want to exclude certain family members from inheritance, your wishes may not be upheld.
The Answer – Have an Attorney Draft Your Will
Avoid the pitfalls and potential problems. Retain an attorney to counsel you, and put your plans, desires and wishes into a properly written, enforceable legal document. A Last Will and Testament, a Living Will, a Trust or any other estate / life planning document needs to work the way you need and want. Failure is not an option.
What is a Trust?
Ever heard of a Living Trust? A revocable Trust? What is it? A living revocable trust provides comprehensive estate planning during lifetime and after death. A trust centered estate plan takes care of your needs now and later.
What is a Living Will?
A Living Will is an advanced directive regarding life support usage when a person is in a terminal condition or permanent unconscious state.
Estate Planning Attorney
Chattanooga Attorney Jim Purple has been helping people with estate planning since 1982. Trust centered estate plans, wills, living wills and more.