No need to read further if no emergency order or pandemic will ever prevent you from working and you will never die. For those still reading, you do not need to worry about a monster at the end of the story, but you do need to make a plan.

What have you done to protect your business?

Business interests should be properly structured and documented. Does your business provide for limited liability? Is it properly registered and current with the state? Do you have Articles of Incorporation? Bylaws? Operating Agreement? Annual Meeting Minutes?

Those that applied for Payroll Protection Program (PPP) or other government assistance understand the importance of keeping easily accessible records.

Are you receiving income from a business through distributions, profit sharing or a salary? Is this adequately documented?

As resources become depleted due to the pandemic, uncertainty and conflict may arise over the allocation of funds. Having Bylaws or an Operating Agreement that clearly defines how and when business income and assets are to be divided is invaluable.

If a conflict has already ignited, it might not be too late. Getting assistance of counsel early to help with documentation can help douse the fire before much damage occurs.

Where will your assets go when you die?

Without a properly executed will or trust, your assets will likely be distributed according to Oregon (intestate) law. You will not have any input. The instructions you jotted down on that paper, without the required witnesses, will be disregarded.

Now is the best time to contact an attorney to assist you in making sure that your intentions are recorded and enforceable. COVID-19 has shown us how, within a short time and without any notice, our lives can be put at serious risk. Having an estate plan will not only ensure that your desires are followed but will ease the burden otherwise saddled on others to sort through and divide your estate.

You should make it through this pandemic and live for many years. Knowing that your business and personal interests are documented and protected will make those years more enjoyable.