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Coronovirus (COVID-19) and Estate Planning

3/22/2020

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The rapidly evolving coronavirus (COVID-19) pandemic is creating many challenges worldwide and has raised many concerns in regards to estate planning.

In our last post, we discussed when and how often we should review our current estate plan. Now more than ever we need to make sure we and our loved ones are legally prepared and protected in case the unthinkable happens.

In response to the “stay at home” order from California Governor Gavin Newsom on March 19, 2020, many of us are home, and now would be the time to review your current estate planning documents or get started the process of establishing your estate plan to make sure that you and your loved ones are well protected. Reviewing your documents would include making sure your wishes are set in your Trust, Wills, Powers of Attorneys, Guardianships for your minor children, beneficiary designations on your financial and retirement accounts, life insurance, annuities, etc.

Here are some questions to consider:
  1. Who do I want to manage my financial and legal affairs if I become incapacitated or pass away?
  2. Who do I want to make health care decisions when I am unable to?
  3. Who will take care of my children if I’m not able to?
  4. Who do I want to inherit my assets that I have worked so hard for?

We hope for the best for all of you, and please let us know how we can help you and your family during these uncertain times. 
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    About the Author

    Christine Chung, Esq.
    christine@christinechunglaw.com
    949.529.1480

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  • Home
  • About Us
    • Our Philosophy
    • Our Planning Process
    • Our Fees
  • Attorney
  • Virtual Services
  • Practice Areas
    • Estate Planning
    • Probate Administration
    • Trust Administration
  • Blog
  • FAQ
    • Estate Planning
    • Probate
    • Trust Administration
  • Contact Us