Whether it is expected or not, dealing with a death in the family is never an easy process. This life event is a lot to handle, and at Gentreo we understand that it can be an emotionally difficult time for you and your loved ones. Between funeral arrangements, coordinating with family and loved ones, and handling any estate plans for the deceased, it can be easy to forget about their impact on your own estate plan. If your late family member was designated in any way in your own estate plan, it is important that the necessary changes are made to protect yourself for the future.
If you previously included your deceased loved one in your estate planning documents and don’t update them after their death, your wishes could be in jeopardy if something were to happen to you later. If your deceased loved one were designated as an executor of your Will or had legal authority if you were incapacitated, such as a Power of Attorney or Health Care Proxy, you would not have anyone legally prepared to handle these tasks. In a time sensitive situation where you need someone to make any medical decisions quickly, you and your specific health care treatment wishes may not be upheld. Similarly, if your deceased family member was a beneficiary of your estate, their inheritance may be designated elsewhere. Any of these situations could require court intervention, adding additional stress to your family during grief stricken times and putting your wishes at risk.
We know that protecting yourself and your loved ones is a priority, which is why keeping your estate plan updated is incredibly important. According to a 2016 survey conducted by USLegalWills.com, 8.6% of Americans have a Will that isn’t up-to-date. Combined with the 63% who have no Will at all, over 70% of Americans do not have a Will ready and available. We cannot predict the future, but we can plan for it, and taking the steps needed to update your estate plan plays an important role in ensuring your family and future are protected. Through Gentreo, these steps are made easy and affordable so that you can spend less time worrying about the future and more time focusing on the present.
Steps to Take to Update Your Estate Plan After the Death of a Loved One
A death in the family is an unfortunate life event, and with it comes many life changes. At Gentreo, we know that protecting yourself and your family is the number one priority, and want to make sure that you have all the resources needed to ensure that you are prepared for anything. Gentreo makes it easy and affordable to create, update, and store your estate documentation. With the Gentreo Digital Family Vault, everyone knows where to turn in the event of an emergency and instant access is always just a few clicks away. Sign up today to get peace of mind and give your loved ones the protection they deserve.