The reaction to the Coronavirus has prompted a lot of strange behavior, including the hoarding of toiletry items. But what you should be doing is organizing key wishes and information, especially if you or your loved one is over 60 years old.
Here is what information we recommend you collect and organize in the case that you or a loved one comes down with the virus.
Medical information is vital to have at the ready if you fall victim to the Coronavirus. If you wind up in the hospital, doctors need to be aware of any pre-existing conditions, allergies etc. in order to give you proper treatment. Having these documents ready will also ensure that the treatment is administered quickly, without having to wait to find the information.
In the midst of this crisis, the number of people googling “how to make a will” is at an all time high. It’s a good idea to have a will in place, but you should also have a property power of attorney and health care power of attorney, in case someone needs to make a decision on your behalf.
A health care power of attorney is especially important if you have children over the age of 18. Without a health care power of attorney, you won’t be allowed to see their medical information.
Personal Accounts and Information:
You’ll want to compile a list of bills and accounts and provide access to any online accounts to a trusted loved one. You should also provide them with access to keys or alarm codes for your home and office. This way if you are quarantined or in a hospital they can take over your affairs.
Taking these steps is important in case someone gets quarantined and is unable to take care of day-to-day activities, bills and the like.
There is more to be done, but this is an excellent start that can really ease the burden on your family if a worst case scenario is to take place. Having your information available and organized will ensure that you are not caught off-guard during this health crisis.
It’s best to do these things today, if possible, you’ll never regret being over prepared.
To read more about the Coronavirusand its impact on the world economy visit: https://blog.theretirementgroup.com/blog/coronavirus-taking-its-toll-on-the-world-economy
Source: Fox Business: https://www.foxbusiness.com/money/coronavirus-family-documents-information
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