COVID-19 offers not only estate planning opportunities, but also wealth planning options related to the unusually low interest rate environment.
Estate Planning Opportunities Offered by Coronavirus Realities
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Month: April 2020
Staying Connected to Family Members in a Nursing Home When Visits are Banned
By Rebecca W. Geyer The spread of the coronavirus to nursing home residents has caused the federal government to direct nursing homes to restrict visitor access, and many assisted livingfacilities have done the same. While the move helps the residents stay healthy, it...
Tax-Related Estate Planning Tactics Take on Several New Twists
The pandemic and the CARES Act have created some tax planning opportunities, some of which are directly related to estate planning.
Understanding the Impact of Coronavirus (COVID-19) on Seniors
By Cara M. Chittenden We are living in confusing and scary times. The senior population has been identified as the most at-risk demographic for COVID-19. Information coming out about COVID-19 is very fluid, which can also contribute to overall stress. Thankfully there...
The Tell-Them-Yourself Part of Estate Planning
The pandemic gets people pondering the fragillty of life and health. This is an especially good time to create a Letter of intent, which can make matters easier for your survivors and can pass along messages of love.
How Does the Coronavirus Relief Bill Affect Seniors?
By Dara M. Hensel The $2 trillion economic relief package that Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic contains some provisions that affect seniors. In addition to authorizing direct payments to most...
The Newest Function of Life Insurance in Estate Planning
Because of the spending bill signed by the President at the end of last year, clients might consider drawing down their taxable IRA balances, using the net proceeds to pay life insurance premiums.
Americans of All Ages are Creating Their Wills During COVID 19 Pandemic
By Dara M. Hensel There has been an explosion in the numbers of Americans rushing to make their will online. Understandably, the coronavirus pandemic has created the scramble to set up wills and end-of-life-directives. However, online do it yourself (DIY) wills are...
Should Your Estate Plan Stay Sheltered in Place?
The coronavirus crisis has created unique estate planning and legal challenges, along with new opportunities for wealth transfer.
