For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.
“For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.”
― Rudyard Kipling, The Jungle Book
The above is one of my favorite quotes. With the uncertain times that we are in today with the Coronavirus (COVID-19), this treasured quote takes on a new meaning for me and my team at The Estate & Asset Protection Law Firm. We as a community need to support each other in knowledge, information, and skill. By supporting each other, we will make it through this difficult time.
KNOW THE FACTS
As there are many myths going around, we encourage everyone to get the facts about the about Coronavirus (COVID-19) from the Centers For Disease Control (CDC) (https://www.cdc.gov/coronavirus/2019-nCoV/index.html) and/or the Georgia Department of Public Health (https://www.cdc.gov/coronavirus/2019-nCoV/index.html) for the most recent updates, effective preventative strategies to minimize exposure, and what to do if you experience symptoms.
PREPARING FOR THE HEALTH AND FINANCIAL “WHAT IFS”
Once you have addressed your risk of exposure, continued relief and piece of mind will come from being prepared for the health and financial “what ifs”. If you have not already done so, please note that everyone over the age of 18 should have these three basic documents, regardless of their wealth or health:
- A Financial Power of Attorney – This legal document would allow your agent to pay your bills, enter into and cancel contracts, and make other time-sensitive financial decisions if you are unable to make those financial decisions for yourself.
- A Health Care Power of Attorney – This legal document would allow your agent access to your medical records, to be able to discuss medical treatment plans with your physician, and make medical decisions on your behalf if you were unable to make those health care decisions for yourself. This agent will also ensure that your very personal end of life decisions are honored.
- A Will – This legal documents allows you to determine how your estate will be distributed, name a trusted person as an executor who will administer your estate through the Probate Courts, declare who will take care of your minor children, and allows you to establish your legacy by reflecting your personal values through gifts and donations.
The team at The Estate & Asset Protection Law Firm is here to assist you with the completion of these three essential basic estate planning documents. As time is of the essence, we can have the documents drafted and ready for signature swiftly – often within 3 business days but for an additional fee they can be expedited for same day. If you lack the relief and piece of mind that these document can provide, you owe it to yourself and your loved ones to contact our office at 404-370-0696.
If the idea of traveling to our office is a concern, please note that safety of our clients and our team is of utmost concern. To eliminate exposure risks, we are conducting meetings via telephone or teleconference. The only face to face meeting required would be the signing meeting. Call today to schedule your initial meeting.
To re-emphasize a point above, these basic estate planning documents are essential for anyone over the age of 18. If you have college age children, your parental rights terminate when they turn 18. That means that you are no longer legally able to act on their behalf concerning their financial and health care concerns unless they have powers of attorney in place concerning their health care and financials. If they don’t have health care directives and powers of attorney in place, give us a call to discuss.
Of course, after completion of these three basic documents, then you can consider a more thorough estate plan, like a Revocable Living Trust, Governmental Asset Protection Trust, or Asset Protection Trust – but that conversion can come after completion of the three basic documents.
We look forward to your call and are here to provide you the relief you seek.
Shannon M. Pawley, J.D., LL.M.