We at Marsden Law hope you are staying safe and well during this unprecedented event. Our thoughts and prayers go out to the people affected by the pandemic, and we appreciate the healthcare workers and local community members who are on the front lines working to contain this virus.
As tireless advocates for our clients and their families, we are always thinking about these issues from a planning perspective. While many people are busy stocking up on food and supplies, what should you be doing from a legal perspective?If the unthinkable happens, do you even have a plan in place?
- Review your estate plan: Is your Power of Attorney and Health Care Proxy current, and do you know where they are located? Do you have an Advance Directive? Does your family know where to find these important planning documents?
- Is your Trust funded in order to avoid probate, and to allow someone to easily manage your affairs in the event of your incapacity?
- Beneficiary Designations - check the designations of your 401K/IRA/Annuities and Life Insurance policies to make sure you have the correct and updated beneficiaries in the event of some unlikely but unforeseen circumstance?
If you have been putting off getting your plan in place, and think NOW is the time to ACT, Attorney Jay Marsden is still working and is also available for virtual or phone consultations. Our staff can begin drafting your planning documents as soon as you fill out our intake questionnaire. We are here to help! Please feel free to reach out to us with any questions you may have.
For those of you who have loved ones in a facility where you are unable to visit and consult with them, the challenges can seem overwhelming. One of the things we have found with our clients, is that many of them (or their children) have questions around how to handle certain situations, and they need some guidance and clarity.
If you are a Health Care Proxy or Power of Attorney for a loved one who is in a facility, and you have questions about your role and responsibilities, please do not hesitate to call us at Marsden Law. We are here to help.
Treasury Secretary Steve Mnuchin announced Tuesday that individuals would be allowed to defer up to $1 million in tax payments for up to 90 days. He also said the administration was considering sending checks to Americans.
“We encourage those Americans who can file their taxes to continue to file their taxes on April 15, because for many Americans, you will get tax refunds,” he said Tuesday in a news conference.
If you owe a payment to the IRS, you can defer up to $1 million as an individual, Mnuchin said. “The reason we’re doing $1 million is that covers lots of pass-throughs and small businesses and $10 million to corporations — interest free and penalty free for 90 days,” he said.
“All you have to do is file your taxes; you’ll automatically not get charged interest and penalties.”