Local news for Port St. Lucie, Florida and the Treasure Coast reported on an increase in demand for services from lawyers who handle wills and estate planning due to the coronavirus pandemic in the spring of 2020.
Pandemic causes an increase in people seeking legal help from estate planning lawyers
The last known surge in requests for end of life documents was on September, 12th 2001, the day after the largest terrorist attack in U.S. history. A lawyer who was interviewed by the local news said that some seminars he held were suddenly packed with people who were thinking about their own mortality. Now it seems that Americans feel the same way, almost twenty years later, but for different reasons. A number of clients in the Treasure Coast area are asking for power of attorney documents, trusts, estate planning counseling, and amendments to existing wills.
Most surprisingly, property attorneys say that they are already receiving requests to create legal documents for people who are fairly young. They claim that such an increase is unprecedented, as their practice almost exclusively deals with elderly clients. Many clients claim that they are worried that if their spouse contracts the virus, their whole family is in a situation where they are all vulnerable. Extended periods of time spent sitting at home worrying have also caused people to think about the worst case scenario.
Another demographic that has been aggressively pursuing legal assistance with documents related to estate planning is middle aged parents with young children. They are suddenly concerned with providing for their families if something bad happens. Even though some of these parents are young enough that they do not have many assets, they are still preparing for situations where they get sick.
Documents that protect a person’s estate
There are a number of ways that the law allows a person to pass their personal and real property, along with money, assets, and investments to family members. This can be as simple as a will, or a more elaborate trust or estate plan for those who have accumulated more wealth. Lawyers who work in this area of the law can advise clients regarding what type of plan will work best in their situation based on their unique concerns and problems. Remember that some clients may be served better by plans that account for their tax situation and other potential issues that can arise when an estate is distributed through a probate court.
Lawyers can help you prepare for the distribution of your estate
To get more information about trusts, wills, and other forms of estate planning, contact a legal professional in the Port St. Lucie area at:
850 NW Federal Highway, #1004, Stuart, FL 34994