New York Estate Planning & Elder Law Blog
One unanticipated effect of the Covid-19 pandemic is it made many people realize that time is short. If you delay doing something too long, the risk exists that you might never have the chance to do it. Many people are following this advice when it comes to things like changing jobs, divorcing, and purchasing homes. Estate planning, however, works just the same way.
The Covid-19 Pandemic and Estate Planning
People who delayed estate planning during the Covid-19 pandemic realized just how important it was to create estate plans. This trend continues even though the height of the pandemic has passed. There are some people unfortunately who despite their best effort cannot finalize their estate plans. These individuals begin the estate planning process but then stop. Sometimes, these people try to pick up and complete estate planning months or even years later. These individuals often find themselves simply overwhelmed with the number of choices that must be made in the estate planning process. Other times, people are simply confused about what estate planning strategy works best for them. Additionally, many people resist having to confront their mortality and accept that one day, they simply will not be alive.
Estate Plans Are Written For Your Loved Ones
Many people end up stuck in the various options they can choose for their estate plan. They fail to realize that ultimately estate plans are written to make things as easy as possible for our loved ones when something inevitably happens to us. People often fail to realize the gravity and inevitability of death. While it can be challenging to accept that we will not be alive one day, understanding that now and preparing is far better than being unprepared.
Our estate planning lawyers try to make the estate planning process as easy as possible to approach for clients. We strive to break down complex issues into easily understandable aspects. We also listen to our clients needs and feelings about what will happen when they pass away. We help clients consider a range of options they can utilize to achieve their estate planning goals.
Accepting the Inevitable
Death can be hard to accept, but unfortunately, it’s inevitable. Many people end up discovering that by dealing with their demise and creating an estate plan that considers the situation, they are ultimately able to move past the fact that they will one day no longer be alive.
Remember to do your estate planning as soon as you can. If you wait, your health or cognitive abilities might decline which could create a host of challenges if you decide to establish an estate plan. Instead, you should do everything possible to an estate plan when you are in good health so you can devote the necessary time and energy to the process.
Leave a Gift to Your Loved Ones
One of the best gifts and things that you can do to protect and watch out for the people you love is to finalize your estate plan. This way, no one will be left to second guess or try to figure out your wishes when the inevitable happens and you either pass away or become incapacitated.