July 21, 2022
As 18-year-olds across the country prepare to take their first steps into adult life – whether attending college, university, vocational training program, entering the workforce, or taking a gap year – parents of those now-adult-children should be aware there are important legal documents that should be in place to ensure they can continue to be there for their child if needed.
At 18, your child has reached the age of majority and many parents are surprised to learn they can no longer act on their child’s behalf to assist in medical or financial decisions. Should there be an accident or an illness that requires hospitalization, a parent could be shut out from knowing what is happening due to HIPAA laws and would be unable to make healthcare decisions for their child. Parents could also be frustrated to learn they can no longer contribute money into their child’s account without all of the appropriate account numbers, and that they cannot make a financial decision to assist their child. Read more…
January 26, 2021
With COVID-19 remaining the key issue of the day, many of our clients have asked whether they can still create or amend their wills or powers of attorney during the national lockdown. The Law Society of Scotland has issued temporary guidance for the duration of the pandemic, meaning that the simple answer is yes. While our offices may be closed for the time being, Miller Samuel Hill Brown remains available to assist all of your Private Client needs. Read more…
August 27, 2020
August 27, 2020 — The pandemic is both the reason and the occasion to re-examine one’s estate planning, as suggested by Marilyn Piccini Roy, Ad. E., in “Estate planning during a pandemic”. In this piece published by the Bequests and Planned Gifts Service of McGill University, Marilyn explains that the pandemic has alerted certain people to the necessity of having a look at their wills and given them the free time to review them.
May 5, 2020
There’s a new opportunity for gifts to charity from IRAs and qualified plans, but think fast and don’t forget about qualified charitable distributions. Congress and the president have given a limited time offer to deduct cash gifts to public charities up to a total of 100% of adjusted gross income.
April 28, 2020
As discussed in our last article, on April 7, 2020 The Lieutenant Governor in Council made an order under s.7.0.2(4) of the Emergency Management and Civil Protection Act (the “Order“), to temporarily permit virtual execution of Wills and Powers of Attorney through audio-visual communication technology during the COVID-19 emergency. Read the full article.
April 14, 2020
On April 7, 2020 The Lieutenant Governor in Council made an order under s. 7.0.2(4) of the Emergency Management and Civil Protection Act, to temporarily permit virtual execution of Wills and Powers of Attorney through audio-visual communication technology during the COVID-19 emergency. Read the full article.
April 14, 2020
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law. It carries a price tag of over $2 trillion. In addition, Congress may not be finished with legislation to help Americans and American businesses recover from this crisis. At some point, we will recover. However, it is likely taxes will be raised to pay for this relief. Higher estate tax exemption rates are set to expire after 2025, reducing the per person exemption to around $5.8 million. In addition, historically low interest rates and asset values at suppressed values due to the COVID-19 crisis, makes this the perfect time to consider the following estate planning strategies.
Click here to learn about 6 options for transferring wealth.
April 3, 2020
By Marilyn Piccini Roy, Ad. E., and William Dion-Bernard, from our Estates, Wills and Trusts Practice Group
April 3, 2020 — While we are witnessing the unfolding of unprecedented times, the coronavirus pandemic should also serve as a stark reminder of the importance of keeping your estate planning documents current. Although we do not presently and, perhaps will not for some time in the future, have the luxury of face-to-face personal meetings with our clients to review and up-date their estate plan, we are available remotely to serve clients’ needs in this extraordinarily challenging time.
April 1, 2020
Our thoughts are with our clients, friends and their families. We are here and available to help. Together we will get through this difficult time and gather strength from each other.
The ongoing threat of and reactions to the global COVID-19 outbreak are causing us to engage in deep reflection regarding our personal health and wealth. Despite best efforts to contain the outbreak, the disease is spreading rapidly across the general population. This further illustrates the need to attempt to plan for ourselves and our families for any eventuality. Read more…