Important Notice Regarding COVID-19
Dear valued clients and friends,
We sincerely hope everyone is taking care and following all of the recommended precautions during these unprecedented times. We want you to know that during this trying time, we are here for you. Our firm will continue to operate remotely, so we welcome the opportunity to continue to serve you.
We strongly recommend that you review your existing estate planning documents for the following provisions:
- Fiduciaries (Successor Trustee, Will Executor, Financial Power of Attorney, Health Care Power of Attorney) Are these persons still your preferred choices? Are they still capable of and willing to serve in these roles? If a change is needed, please contact us.
- Beneficiaries Are the designated beneficiaries under your trust still the preferred choices? Are you satisfied with the shares you have allocated to them? Are there any special conditions for a specific beneficiary that you would like to add or remove? If a change is needed, please contact us.
- Health Care Preferences Do the designated choices you have made in your Advance Health Care Directive properly express your care preferences? If a change is needed, please contact us.
- Asset titling Are all your real estate and financial accounts titled in the name of your trust? For almost all assets, they should be. Three key exceptions may be life insurance, annuities and retirement accounts (such as IRAs, 401k’s, 403b’s, etc.) in which the designation of beneficiaries is the key consideration. If you have questions, please contact us.
- Original documents Do you know where your original estate planning documents are located? We provided them to you in an envelope and advised you to put them into either a fireproof safe or safe deposit box. Does your successor trustee know where those documents are? Does he/she know how to access them, for example, know the safe combination or have the key to the safe deposit box along with having his/her name on the bank’s signature card so as to be able to access the safe deposit box? If your original signed documents have become lost or were destroyed, please contact us.
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