Covid-19 and
Your Estate Plan
While at home, put this time to great use!
Control what you can. Protect their future!
“May you live in interesting times!” - Of late, things have become a little TOO interesting. Fortunately, there ARE still many things you can actually do something about.
Just as this newsletter was slated to go out, everything broke loose with the CoVid-19 virus. As a result, we made some edits and looked for ways to make certain you get the counsel you need.
Through video and tele-conferencing options we are here to provide the legal services in a way that keeps everyone healthy!
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Current Clients: In light of Covid-19
and the immediate need for updates to
Powers of Attorney, Advanced Health Care
Directives, and other estate docs, you are
encouraged to schedule a one-time...
Free 30-Minute Legal Consultation
Call the office 408-376-2755 for details
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In the BEST of times, I recommend that clients review their estate docs annually. In extraordinary times… well, think of this as “triage” for your Estate Plan. A quick look to make CERTAIN that everything is in proper order and reflects your most current wishes.
We'll make sure you get this checked off your list of things to do… Look at you getting things done while you’re working from home!
While we're at it, there's the new tax act!
Clients are Often
Surprised
Have you considered how the New 2020
Tax Act could impact your estate plan?
It's important you do!
Before things took this unexpected turn - before “Flatten the Curve” and “Social Distancing” became part of the global vernacular, 2020 was already shaping up to be a busy year.
When the new SECURE Act went into effect on January, 1, 2020, the phone started ringing. Clients had questions and needed to understand how this would affect their retirement accounts.
The positive and not-so-positive aspects of this New Tax Act should be of immediate concern. In specific, when it comes to retirement vehicles, we need to pay attention re changes to
- Distributions time-frame to beneficiaries
- Age ban re retirement contributions
- Required minimum distributions (RMD)
- Penalties on early withdrawals
- Retirement participation re PT workers
And there is more...
It certainly warrants a discussion!
Does it Matter?
Yes.
Because things are changing rapidly.
Because your priorities may have shifted.
Because it may have been a while since your last document review.
The Good News is… there ARE things you can do today, from home, to make sure your estate is in order.
It’s a smart time to take a look at your estate plan, revise things as needed, and take advantage of new options wherever possible. Let’s make sure your hard-earned money stays in your pocket and your beneficiaries are provided for in a way that still makes sense. Now, more than ever, it’s important to make sure everything works to your advantage!
Use this time to plan effectively, be proactive, and control what you can.
First Things First
Meet Patrick R. Bartelmie
Many of you have already met Patrick R. Bartelmie. For those who have not, an introduction is in order.
Patrick has almost ten years of experience practicing estate planning law and joined Schneider & Bartelmie Law Corporation as a shareholder two years ago. Patrick and I have worked closely for years and his expertise has enabled us to work in a way that is both complementary and collaborative. This has served our respective clients well.
All Hands on Deck
All WASHED Hands & Virtually Speaking!
In light of the SECURE Act, the resulting questions, and subsequent estate plan revisions, I want to leverage my relationship with Patrick so that everyone gets what they need in a timely way.
You have plenty on your mind, however, since this is time-sensitive and important...
Let's get this ticked OFF your list!
Current Clients receive a one-time,
Free 30-Minute Legal Consultation!
Until now, this free consultation has been reserved for your referrals and those new to our practice, however, these are exceptional times and we understand the urgency... so we are making an exception!
Where to Start?
Let's review those docs and get your questions answered.
Knowledge is Power!
Call 408-376-2755
We'll find a good time for virtual appointment.
Video & teleconferencing options available.
Diane M. Brown
Trust & Estate Attorney
408-376-2755
Keep those questions coming!
Have a question you would like to see answered in a future blog post? Let us know!
This newsletter contains general information and is not meant to apply to a specific situation. Please seek advice of counsel before proceeding as each case is unique. Diane M. Brown, Esq. - CA Bar # 104251
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