Manage the Unknown Effects of COVID-19 by Planning Ahead
There’s no question that the coronavirus pandemic has changed nearly every facet of daily life in North Carolina, from how we watch movies to grocery shopping and even eating at restaurants. COVID-19 will continue to have an impact for the foreseeable future on medical treatment, financial health, and even estate planning. With so much uncertainty in the coming months, right now is the time to start planning for the future.
The Pandemic’s Impact on North Carolina Residents
North Carolina has seen an ever-increasing number of active cases and corresponding deaths since the pandemic began. While dying is a risk, especially for the elderly, it isn’t the only possible negative outcome of a COVID-19 diagnosis.
We are still learning about all the potential long-term effects on those who recover from the virus, especially in people with pre-existing conditions or underlying health issues. Even after recovery, you may still suffer from:
- Chronic fatigue
- Heart damage
- Lung damage
- Psychological effects like PTSD
These long-term repercussions may lead to a situation where you require constant care at a nursing home. While battling the coronavirus, you may also find yourself incapacitated on a ventilator and unable to make medical or financial decisions for yourself, and you could need someone to act as guardian over your children. Making plans for these possibilities ahead of time will save your family unnecessary grief.
Estate planning in the event of death is more important than ever in the wake of COVID-19. Don’t leave your family in a situation where they have to deal with the court-run probate process after you unexpectedly fall ill.
An estate plan offers peace of mind by placing a responsible trustee who shares your values in a position to oversee your money, property, heirlooms, and accounts after you pass away. With the right plan in place, you can make sure your assets are distributed according to your wishes and that your family is provided for while they grieve your loss.
Don’t Wait to Get Your Affairs in Order
An estate planning attorney is an absolute necessity during this pandemic. We can help with creating medical orders for scope of treatment, setting up trusts to ensure your family is provided for after you are gone, and making sure you can afford nursing home care if necessary. Send us a message through our online form and we’ll get in touch to discuss the next steps in a safe and socially distant environment.