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Schedule Your Free Consulation06
Mar
Planning for the Unexpected: The Role of the Power of Attorney
We hear it quite often. “After I die, my power of attorney can keep paying my bills, right? ” The answer is, “No”, but the confusion is understandable. Our clients hear (or, read about) so many different roles when they visit us or attend our seminars. What is a fiduciary, a trust...
View MoreCategory: Estate Planning
06
Mar
Opportunity Zones: Are They the Right Opportunity for You?
What are Opportunity Zones? Opportunity Zones have attracted a lot of publicity since they were created in 2017. The Tax Cuts and Jobs Act created tax incentives designed to encourage investors with capital gains to reinvest those gains into low-income and undercapitalized commun...
View MoreCategory: Taxation
06
Mar
Don’t Lose the Family Home Due to Medicaid Estate Recovery.
Ever since the COVID-19 virus hit our state this spring, I have heard many instances of families facing the loss of the family home after a parent or grandparent has died while receiving Medicaid benefits to help pay the cost of a long term nursing home stay. This is especially...
View MoreCategories: Elder Law Estate Planning Legal Advice Medicaid
06
Mar
Digital Estate Planning – How to Prepare your Online Assets for After Death
We live in a digital society. We present and store an ever-growing amount of our lives (social, financial, work) in digital form. The average person has over 200 accounts per email, up from 150 just three years ago. Family treasures like photos, home movies, and messages now pred...
View MoreCategory: Estate Planning
06
Mar
Priming the Pump
Many married people are not aware that the State wrote a premarital agreement for them before they got married. They also were unaware that they had the right to write their own agreement before getting married instead! When married couples become aware of this, they often contac...
View MoreCategory: Trusts
25
Mar
Temporary Emergency Video Notarization
by Carter Webb and James FlemingTo prevent the spread of the COVID-19 Coronavirus, on March 10, 2020, Governor Roy Cooper signed Executive Order 116 (the “State of Emergency”) declaring a State of Emergency, which is to be effective until rescinded. The State of Emerg...
View MoreCategory: Advisors
06
Mar
For Deceased Individuals, the IRS Wants its Stimulus Payments Back
I was meeting with a client recently who wanted her Will and other documents signed. Her father had passed away a few months ago and during the signing, she told me that she had just received a check from the IRS for $1200 made payable to her father. She asked me what she should...
View MoreCategory: Trust Administration
06
Mar
Coronavirus and Your IRA
On March 27, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law. Among the most impactful tax changes found in the $2 trillion stimulus bill are the provisions affecting retirement accounts. Retirees do not need to take Required Minimum Distributions (...
View MoreCategories: Estate Planning Ira Distribution Planning
06
Mar
When the Unimaginable Happens, Are You Prepared?
As the public health situation continues to evolve around coronavirus (COVID-19), we draw our attention to our own wellbeing and that of our loved ones. Given the current health concerns, the volatility of the financial markets, and social distancing, the once-unimaginable scena...
View MoreCategory: Estate Planning
06
Mar
COVID-19 Response
Effective Monday, March 23, 2020Dear Clients:This is to update you with Strauss Attorneys' action plan in light of the escalating spread of the novel Coronavirus. This situation is new & unique to all of us - our core values have guided us to the following decisi...
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