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Massive Changes to RMDs from Stimulus Plan

Here are the highlights of the most recent tax changes found in the $2 trillion coronavirus relief bill, which the Senate has approved, and the House recently passed.

Posted on: April 24, 2020

Estate Plan Updates in the Age of Coronavirus

Financial advisors and estate attorneys say they are seeing a flurry of inquiries from people seeking to update or draft wills and take other estate-planning measures amid the coronavirus crisis.

Posted on: April 23, 2020

Do I Really Need a Health Care Proxy?

An Advance Directive/Living Will is that type of document. It provides authorization for the termination of life support. It is a document that only you can sign – you cannot delegate the power to make that decision.

Posted on: April 22, 2020

Does the Stimulus Bill have an Impact on RMDs?

The $2 trillion stimulus plan enacted Friday includes a temporary waiver of required minimum distribution rules for certain defined contribution plans and IRAs for calendar year 2020.

Posted on: April 21, 2020

Finalizing Estate Planning Documents while Social Distancing

Besides seeking to draft or alter wills and trusts, many clients were changing trustees, executors and the agents they assigned to oversee their finances and health care, if they were unable to make decisions themselves.

Posted on: April 20, 2020

C19 UPDATE: Will Insurance Help Business Owners Recover Lost Income?

It is important to promptly review policies, notify insurers of claims, and track losses, even if there are issues or questions that may ultimately preclude coverage.

Posted on: April 19, 2020

C19 UPDATE: Confused About Coronavirus Relief for Small Businesses and Independent Contractors?

Many small companies, nonprofits and freelancers are eligible for federal grants and low-interest loans. But confusion, delays and red tape abound.

Posted on: April 18, 2020

What I Need to Know about Caring for a Loved One with Dementia

There are few challenges more emotional and difficult than caring for an aging loved one who has dementia. In addition to the normal challenges of aging, elders who suffer from dementia can experience dramatic temperament changes and require more attentive care. As the condition progresses, wandering becomes a risk and around-the-clock care may be needed.

Posted on: April 17, 2020

What are the Restrictions on Visiting the Elderly in a Care Facility?

Nursing homes across Virginia have begun restricting visitors in an effort to prevent the coronavirus from entering the facilities, which are considered to be particularly vulnerable as a result of the virus.

Posted on: April 16, 2020