Legacy Law Group Of Northern Virginia, PLLC.

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(703) 492-9955

Serving clients in:

Prince William County
Fairfax County
Stafford County
Loudoun County
Fauquier County

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If we fail to complete the execution of your estate plan documents within 60 days of your hiring us, we will refund to you the full amount of your investment.

Legacy Law Group Of Northern Virginia, PLLC.

Call For A Consultation

(703) 492-9955

Serving clients in:

Prince William County
Fairfax County
Stafford County
Loudoun County
Fauquier County

.
Legacy Law Group Of Northern Virginia, PLLC.

How Can Covid Impact My Estate Plan? | Manassas Will Lawyer

  • By: David Wilks
  • Published: March 15, 2022
How Can Covid Impact My Estate Plan? | Manassas Will Lawyer

The Covid-19 pandemic continues to affect individuals and families throughout the country. As a Manassas Will lawyer, during the last two years, I have seen many people start thinking about their futures and the type of financial security they require in their lives. Business owners reevaluated how they run their businesses and handle their finances.

If the pandemic taught us anything, it’s that the unexpected can happen. It’s crucial to consider the effect of a life-altering illness or death on surviving loved ones.

As part of this process, your Manassas will lawyer may advise creating an estate plan or modifying any existing documents to ensure that they are up to date and reflect your current wishes. Taking steps to plan for a catastrophe will give you peace of mind knowing your assets and your loved ones will be protected when you’re gone.

Getting Started

Whether you need to make changes to your estate plan or create one from scratch, there are various documents you should include to protect your assets and ensure that your family carries out your final wishes.

Last Will and Testament

A Will becomes active upon your death. You can include information regarding the assets you own and who you want them transferred to when you die.

Designating beneficiaries in your Will can ensure they receive the assets you want to leave behind, such as motor vehicles, homes, bank accounts, and pensions.

Financial Power of Attorney

A financial power of attorney (POA) is an excellent tool for allowing someone access to your finances. If you become incapacitated and can’t make decisions for yourself, your appointed agent can make important financial decisions on your behalf.

Your agent can manage things like paying your bills, completing business-related transactions, and accessing the necessary funds for your medical care.

Healthcare Power of Attorney (Advance Medical Directive)

A healthcare power of attorney (also called an Advance Medical Directive) is a way to allow someone else to make medical decisions on your behalf if you cannot communicate your wishes. The person you authorize to use your medical POA should be someone you trust. They must know your preferences regarding medications, end-of-life care, and other significant medical decisions and be willing to act on them.

If Covid impacted your life and prompted you to think about creating an estate plan or amending your current documents, consult a Manassas will lawyer today. Our legal team can review your needs and assist you with drafting the necessary documents to protect yourself and your family if tragedy strikes.  Contact our office at 703-492-9955 to schedule a consultation.

David B. Wilks, Esq.

David Wilks has practiced law in Northern Virginia and
Prince William County for more than thirty years as
a tax lawyer by training and education. Read More