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.
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.
As businesses and HR specialists navigate the disruption brought on by the pandemic, keep in mind these key points regarding employee benefits in the time of COVID-19.
The economic effect of measures taken to control the spread of COVID-19 is going to have an adverse effect on many commercial borrowers. The magnitude of such effect will depend on the nature of the borrower’s business and how it is affected by the material disruption of supply chains, softening demand for goods and services, non-payment of receivables, and non-performance under contracts as the borrower or third parties may be unable or unwilling to fulfill obligations. Borrowers are reassessing budgets and forecasts, and actively seeking access to available debt capital.
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.
On March 19, Shepard Davidson of the In-House Advisor led a video conference amongst 15 General Counsel and Corporate Counsel focused on how they and their businesses are dealing with the COVID-19 crisis The participants work for entities ranging from small, local companies to large, multi-national enterprises. Here are the key takeaways from their roundtable discussion:
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.