The coronavirus pandemic has mortality on the minds of many young people who are taking action now writing wills and making critical estate planning decisions about who will be in charge of their medical care and finances if they’re ill and incapacitated.
The last three months have brought significant uncertainty to most of our lives. Our “normal” lives have been saturated with varying levels of fear, anxiety, and confusion. The coronavirus has forced some of us to learn new skills and do…
Many of us do not think about what would happen if we suddenly became incapacitated or died. Would our friends, spouse, or family know what to do? Would they know where to find important documents? Would they be able to access (or even know about) online accounts or files? Would they know whom to ask if they need help?
Whether each spouse realizes it or not, one often overlooked asset in the divorce proceedings is life insurance. Too often, the policy remains unchanged, and the beneficiary, the ex-spouse, may reap a windfall as a result of an unexpected death.