As the COVID-19 pandemic rapidly affects our everyday lives in unprecedented ways, our legal team at Thompson | VonTungeln A P.C. has been getting calls from clients of all ages and background who are finding themselves contemplating whether their important estate affairs are in order in case they or someone they know is impacted by the virus. Our legal team is here to serve you during this uncertain time. And while it's important not to panic during a health crisis, it's also crucial to prepare your estate plan so that you know your family will be safe and their needs are taken care of if you were to pass away.
Drafting a Trust and Will
If one of your goals is to transfer the assets you own to your loved ones or other beneficiaries when you die, then you will need to draft and finalize a Trust and Will. These important legal documents explain how all of your property should be distributed in accordance with your specific wishes. When you draft a Trust and Will, you can also appoint a Trustee of your Trust and an executor of your Will who will be in charge of the distribution of your assets to people you named in the document. Additionally, you can name guardians for any minor children you have.
What Happens If I Don't Have a Trust and Will When I Die?
If you fail to include a Trust and Will in your estate plan, your assets will be distributed by a person chosen by the court. This means you won't have any control over how your property is distributed. If you have minor children and you pass away without naming a guardian in your will, then a court will decide which person is best suited to fill your role.
Let Us Finalize or Set Up Your Trust and Will Today
Thompson | VonTungeln A P.C. is committed to serving each of our clients during this highly unusual time. We understand that protecting your family's future is your top priority, especially during a pandemic. If you still haven't drafted or finalized your Trust and Will, please reach out to us today so that we can get started working on your legal strategy.
Although executing and signing estate planning documents usually requires in-person meetings, our law firm has alternative methods you can use to handle your legal matters while living in quarantine. We are open to whatever works for your situation, so please give us a call today if you need to draft or finalize a Trust and Will during the pandemic.
The need for a will is urgent during the COVID-19 pandemic, but we are here to find solutions for your unique needs. Please call us today at (661) 426-2499, or contact us online to schedule a consultation.
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