What is the impact on your estate? What you need to know

By Ellen L. Regnery and Matthew N. Turko

With the COVID-19 Coronavirus pandemic unfolding in our country, we are facing unprecedented times and much uncertainty and anxiety about our future. At Haile Shaw & Pfaffenberger, we want you and your family to stay well and safe during this time. We hope you are following the Centers for Disease Control guidelines on keeping you and your family safe and remaining at home as much as possible.

We have always recommended you review your estate plan periodically to ensure no changes or updates are needed based on changes in your life circumstances.  However, with the increased time we are all spending at our homes, it is an opportune time to review your estate plan to confirm it currently meets your needs and wishes.

We recommend you review the agents appointed in your health care advance directives and durable power of attorney, and ensure that the individuals appointed are still appropriate. In addition, you should review the dispositive and fiduciary appointment provisions of your last will and testament and revocable living trust to ensure that those provisions are up to date and do not require any revisions. We also advise you to obtain copies of the current beneficiary designations for your retirement accounts and life insurance to review whether those need to be changed.    

We are here to help and support you during these unprecedented times and assist with any estate planning updates or discuss any other concerns or issues you may have with your estate plan. Although our office is still open, most of our attorneys and staff are now working remotely. For your health and safety, our office is not currently open for client meetings. However, we are remotely maintaining our normal business hours and are fully available to clients by email, telephone and/or video conference to assist with any of your estate planning needs.

We encourage you and your family to stay safe during this difficult time and review your estate plan. If you have any issues or concerns, please do not hesitate to contact your estate planning attorney by email or telephone and we will be happy to address your concerns.

We are here for you and we will get through this together. Stay well and stay safe!

 

Ellen L. Regnery, Esq. (561) 627-8100 ext. 119 or  eregnery@haileshaw.com

Matthew N. Turko, Esq. (561) 627-8100 ext. 110 or mturko@haileshaw.com

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