Trustees face unique vulnerability during this unprecedented health and economic crisis. Tasked with safeguarding trust assets, trustees must take decisive action in an unpredictable environment. Decisions made now will later be evaluated with the benefit of hindsight, and trustees face potential personal liability for mismanagement. It is critical that trustees prepare themselves by understanding their duties and the ever changing landscape in this uncertain time.
For Your Life
The reality of COVID-19 has forced many individuals to address the “what if” scenarios that were previously unthinkable, or at least the situations that no one ever wants to talk about or to deal with. Many clients are calling to start or update estate plans that they have previously placed on the back burner. Here are five things you should know in order to get that done.
The care and custody of minor children between parties pursuant to court order can be challenging in regular times. The onset of the 2019 novel coronavirus (COVID-19), declared a pandemic by the World Health Organization, and which has resulted in the declaration of a State of Emergency in the Commonwealth of Massachusetts, has made navigating custody decisions even more challenging for some. Below are five key questions to consider in light of the current situation.
Amidst the COVID-19 pandemic, the federal and state court systems have adjusted their policies and procedures to allow them to continue to handle ongoing cases and accept new matters. Here is a summary of the current status of the Massachusetts courts:
Many clients are reaching out to execute estate plans they have delayed finalizing and signing. There are many options to get this accomplished. Depending on the circumstance, it may be appropriate to sign the documents in one of our offices or at your home, in either instance while practicing social distancing and wearing gloves and masks. However, there are other options to get your estate planning documents signed and in place during the COVID-19 pandemic. Here are five things you should know.
In response to the COVID-19 pandemic, there have been several important updates relating to federal income tax return filing and payment due dates and paid tax leave credits. Here are the key updates to keep top of mind.