Learning From COVID-19: Planning For Incapacity Is Essential

As Bay Area estate planners, we have been working non-stop, supporting our clients and their families through the COVID-19 epidemic. Much of that work has been helping those who are incapacitated in some way and need to put their plans for incapacity in place. For example, some of our clients were stuck in foreign countries and are therefore physically incapacitated from paying certain bills or taking care of business without their own computers or reliable internet services. Others are in the hospital due to contracting the virus, rendering them unable to make important medical, financial, or legal decisions.

These are all examples of why it’s so important to create an estate plan that includes a plan for incapacity. If nothing else, the coronavirus has taught us that incapacity can strike suddenly - and in unpredictable ways. You never know when medical, physical, and/or mental incapacities could render you unable to conduct business as usual.

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