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Charlotte Today Show! Stay-At-Home Crisis Planning

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Don’t Miss This Episode!!!

Greg and Eugene discuss the current state of the crisis and why essential services are needed. Greg discusses the need for certain planning during this crisis.

LIVE!!! BE PREPARED RADIO SHOW!!!

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Great Show Today!!!

Brenton, Greg & Hayden LIVE on the radio Elder Law Report about the Getting Peace if Mind in Trying Times Times. SPECIAL OFFER: FREE Consults during this crisis. Call: 704-749-9244 or online at mcelderlaw.com.

The Most Important Legal Tool During a Crisis.

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Book Your Appointment Today!

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Brenton S. Begley
Elder Law Attorney

Regards,

Brenton S. Begley

Elder Law Attorney

McIntyre Elder Law

“We help seniors maintain their lifestyle and preserve their legacies.”

www.mcelderlaw.com

Phone: 704-259-7040

Fax: 866-908-1278PO Box 165

Shelby, NC 28151-0165

Our Response to the Governor’s Stay-At-Home Order

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During the Stay-At Home Order and this crisis you still have access to legal services. Our firm will be here to meet your needs during this time. Here is what you can do under the order: 

  • You Can: Drive to your attorney’s office under the order.
  • You Can: Visit places like grocery stores, banks, hospitals, laundromats and other essential services.
  • You Can: Attend religious services.
  • You Can: Consult and visit other professional services like financial planners.

 It is your deeply rooted Constitutional Right to be represented by counsel and this should be highlighted during these strange times. We would advise having your affairs in order.

Legal Services Are Essential

in Articles by Greg McIntyre Leave a comment

During the Stay-At Home Order and this crisis you still have access to legal services. Our firm will be here to meet your needs during this time. Here is what you can do under the order:

  • You Can: Drive to your attorney’s office under the order.
  • You Can: Visit places like grocery stores, banks, hospitals, laundromats and other essential services.
  • You Can: Attend religious services.
  • You Can: Consult and visit other professional services like financial planners.

It is your deeply rooted Constitutional Right to be represented by counsel and this should be highlighted during these strange times. We would advise having your affairs in order.

APPLICABLE SECTIONS OF THE
NC STAY-AT-HOME ORDER

Our AMAZING Video Consult Technology!

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Greg & Taylor on a Video Consult…

We have been doing video consults for years. We are certainly still open and helping our clients with in-person consults but also provide convenient and easy to use video consults as well. Greg had multiple this morning. We are providing FREE consultations during this crisis. Call: 704-749-9244 or online at mcelderlaw.com.

BREAKING NEWS!!!

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BREAKING NEWS!!!

We will be here during this crisis for you and your family! WE ARE ESSENTIAL!!! ATTN: To all Mecklenburg, Gaston, Cleveland and surrounding counties. We are an ESSENTIAL SERVICE and will remain open during this crisis. We are offering FREE consults for everyone during this crisis. Call: 704-749-9244 Or online at mcelderlaw.com.

Crisis Planning eSeminar

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Be Prepared!!!

What do you need to do in these trying times to be prepared? Find out in this eSeminar. We discuss Foundational planning, Trusts and Deed Planning. Watch for the SPECIAL OFFER at the end. Call: 704-749-244 or online at mcelderlaw.com.

We Are Here For You!

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We Are Here For You! In the wake of current healthcare events we are here for you. We have had an increase in requests for wills and estate planning documents. We have and will continue to have extended hours on nights and weekends to serve our clients. Let us know if we can be of service to you and your family. Call 704-749-9244 or online at mcelderlaw.com.

How to Survive an Economic Downturn

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How to Survive an Economic Downturn

So, I don’t know if you’ve seen the news lately. If you haven’t, allow me to save you some time flipping through channels by telling you that our economy has had better days. The recent outbreak/pandemic of COVID-19 has caused quite a bit of economic turmoil that may extend beyond the pandemic itself. The question for many people, including our clients is: how can we best survive this crisis?

Don’t Pull Out

Many folks react to an economic downturn by pulling their money out of their accounts that may be subject to risk as the economy falls.  This is a valid reaction and quite understandable. However, this is ultimately a bad choice on a micro and macro level.

On a macro level, if everyone pulls their money out of the market, then the economy will grind to a screeching halt. The economy functions based on the flow of money running through it. If we take all of the money out, then the economy cannot function. This is what happened in the Great Depression. People pulled their money out of banks and stashed them in their mattresses. It wasn’t until President Roosevelt, in one of his fireside chats, encouraged citizens to deposit their cash back into the banks, that the economy began to slowly recover.

On a micro level, if the individual pulls their money out of the market then they lose the chance to either recover what they’ve lost or to take advantage of deals. Now, this does not mean that you should just keep your money where it is, just don’t pull out of the market. In other words, it is perfectly advisable to restructure your portfolio to both protect your downside and take advantage of deals.

Speaking of deals, your money has more buying power in a down market. As the old saying goes, “when there’s blood in the street, it’s time to buy.” Many people get excited at the prospect of a down economy. Good stocks that were, in the past, too expensive to buy are now available at a lower price. It’s important to keep this in mind when evaluating your crisis investment strategy.

Ultimately, it’s important to keep your money in the market. Restructure to best protect yourself and earn more. But, don’t pull out.

Keep Planning

Economic instability means uncertainty. Uncertainty is something that is extremely hard to cope with. In fact, the only way to manage uncertainty is to plan. Planning mitigates uncertainty by helping you gain control over the things within your power. It also helps you to gain some peace of mind, something that cannot be understated. Positivity and security in a time of crisis is not only empowering but necessary to make solid and productive choices.

So, how should you plan? Step one is to meet with professionals and get a game plan in order. This means you should be talking to your financial planner and your attorney. Your financial planner is going to help you make the best decisions with regard to your retirement accounts and investment accounts in light of the economic downturn.

Your attorney is going to help you protect yourself, your family, and your assets by ensuring that your estate plan is solid.

Bulletproofing your Estate Plan

Estate planning is not a one and done deal. It is an ever-evolving strategic blueprint for your future. When things happen that change the way your future may look, it’s important to adjust the blueprint. Economic strive is a pretty good example of a change to one’s future. However, it would be nice to have an estate plan that can withstand a tumultuous future. We call this a bulletproof estate plan.

So, how do you make sure your estate plan is not just solid but bullet proof? First you need to make sure you lay a solid foundation with your foundational documents. Your foundational documents are your General Durable Power of Attorney, your Healthcare Power of Attorney, your Living Will, and your Last Will and Testament. These documents are essential to any estate plan. However, just having these documents in place does not mean you’re bulletproof. These documents in of themselves need to be bulletproof.

In other words, these documents need to be specific, they need to include the proper terms and powers, and, most importantly, they need to anticipate possible future contingencies—like an economic downturn.

The second and last step is further planning. Once you’ve laid your foundation, it is important to ensure that you have a plan in place to use the tools i.e. the foundational documents, you have at your disposal. Maybe that includes more tools to protect assets like trusts or a Ladybird Deed. Maybe it includes making sure you have the ability to pay for long-term care. Either way, further planning is essential to ensure that your estate plan can withstand anything the future throws at you.

            Conclusion

            Economic downturn does not have to mean you lose everything. With a solid plan in place, you can weather any storm. Ask us how you can ensure that your estate plan is bullet proof. Call us at (704) 249-7040 or visit us on the web at www.mcelderlaw.com.

Image result for schedule now button

Book Your Appointment Today!

Brenton S. Begley
Elder Law Attorney

Regards,

Brenton S. Begley

Elder Law Attorney

McIntyre Elder Law

“We help seniors maintain their lifestyle and preserve their legacies.”

www.mcelderlaw.com

Phone: 704-259-7040

Fax: 866-908-1278PO Box 165

Shelby, NC 28151-0165

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