Estate Planning Advice During the Coronavirus Pandemic

As Oklahoma begins to loosen its coronavirus restrictions, many people, including those with children, are wondering what they can do to make sure they are adequately prepared if they contract COVID-19 and are left incapacitated. Two substantial issues that parents worry about is who will make financial and medical decisions for them if they are not able to make them for themselves as well as who will take care of their children in case they are left unable to do so.  If you are left incapacitated as a result of the coronavirus or any other condition, your loved ones will need to go court to have a guardian appointed. This was a costly and time-consuming process before the pandemic, and now it is even more challenging. Consequently, it is best to prepare in advance and make sure that you have created several critical estate planning documents that address incapacity. Durable Power of Attorney These documents appoint an agent to help address your financial affairs if you are incapacitated. Rather than wait for the court to appoint a conservatory, an agent appointed through a durable power of attorney has instant access to your financial accounts and can sign your name on [...]