Last night the House of Representatives passed H.R. 7010 (Paycheck Protection Program Flexibility Act of 2020) by a vote of 417-1. The Bill proposes to loosen the requirements of loan forgiveness under the Payroll Protection Loan by:
We hope you and your families are remaining healthy and safe during the COVID-19 pandemic. Rest assured, we remain open and continue operating while taking additional precautionary measures as recommended by the Virginia Department of Health and CDC.
If you must go to the emergency room and are admitted to the hospital for coronavirus, you will be in isolation. You cannot have visitors, and no one can bring you the things you might want.
This guide was prepared for those who wish to learn some of the basic concepts and terminology used by practitioners of estate planning. Without making you an expert, this basic knowledge will enable you to participate in discussions with your advisors as an informed consumer.
If you're young, healthy and busy building up your assets, an estate plan to distribute those assets might be the furthest thing from your mind. If you're older, you might postpone estate planning simply because death is an unpleasant subject.
Much has been written about the advantages and disadvantages of Revocable Living Trusts over Wills. The purpose of this article is to provide some general guidelines as to when a Trust may (or may not) be a preferred estate planning document over a Will. This article offers general information meant to supplement and not replace competent legal advice.
We are frequently asked "How much do you charge for a Simple Will?" Unfortunately there is no simple answer. Asking a lawyer this question is similar to calling your medical doctor and asking "how much will you charge me for making the pain in my side go away?"
There are many legal documents and techniques that can be used to assist in the management of assets and health care decisions in the event of incapacity. One of these techniques is the Revocable Living Trust. Much has been written about the Revocable Living Trust, and its many advantages have been discussed in previous articles.
Life Insurance For most families, life insurance is an important tool in an estate plan. Its uses include: Increasing an estate ── This is done by adding insurance protection. Proceeds can be used to support surviving family members and to continue the decedent's family business.
Most clients are shocked to learn that the death proceeds of their life insurance are subject to federal estate taxation. They believe that life insurance escapes estate taxes and passes to their loved ones intact.