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Stone Law Offices, Ltd.
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“Besides seeking to draft or alter wills and trusts, many clients were changing trustees, executors and the agents they assigned to oversee their finances and health care, if they were unable to make decisions themselves.” After the initial shock of the pandemic, people are realizing not just that they need... Continue reading
Posted May 1, 2020 at Stone Law Offices, Ltd.
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“Here are the highlights of the most recent tax changes found in the $2 trillion coronavirus relief bill, which the Senate has approved, and the House passed recently.” Several of the provisions that were signed into law in the relief bill can taken advantage of immediately, reports Financial Planning in... Continue reading
Posted Apr 26, 2020 at Stone Law Offices, Ltd.
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“The Inspector General of Social Security, Gail S. Ennis, is warning the public about fraudulent letters threatening suspension of Social Security benefits due to COVID-19 or coronavirus-related office closures.” As if the elderly didn’t have enough to endure, now comes word that scammers who typically prey on seniors are upping... Continue reading
Posted Apr 25, 2020 at Stone Law Offices, Ltd.
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“Financial advisors and estate attorneys say they are seeing a flurry of inquiries from people seeking to update or draft wills and take other estate-planning measures amid the coronavirus crisis.” With the ever-increasing number of deaths in Europe and the U.S., many people are now doing what estate planning attorneys... Continue reading
Posted Apr 25, 2020 at Stone Law Offices, Ltd.
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“Imagine you get married and within a year or two, your new spouse passes away. Now, imagine that your grief is compounded with financial stress.” Without an updated estate plan, a surviving spouse is left with a world of trouble, as described in the article “Protect Your Spouse and Children... Continue reading
Posted Apr 25, 2020 at Stone Law Offices, Ltd.
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“Bradford Lund tries to prove he is mentally capable of managing his affairs but is trapped in a probate system susceptible to predators.” Even visionary Walt Disney could not have imagined the struggle his grandson Bradford Lund has endured trying to claim his share of the Disney family fortune, reports... Continue reading
Posted Apr 16, 2020 at Stone Law Offices, Ltd.
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“Take the money you’d normally save for retirement and put it into an account for emergencies.” As the coronavirus spreads across the US, most of our lives have come to a halt. Some Americans are already out of work and millions may end up losing their jobs during a potential... Continue reading
Posted Apr 16, 2020 at Stone Law Offices, Ltd.
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If you experienced a temporary illness or needed someone to quickly step in to pay your bills, would your finances be organized enough for them to handle? Unexpected events can happen at any time. Without a backup plan, finances are vulnerable. The importance of having an estate plan and organized... Continue reading
Posted Apr 15, 2020 at Stone Law Offices, Ltd.
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“Estate planning attorneys are getting mobbed with questions. Here is some timely advice from three attorneys on what families and business owners should be doing to prepare, in case the unimaginable happens.” What else could possibly go wrong? You might not want to ask that question, given recent events. A... Continue reading
Posted Apr 15, 2020 at Stone Law Offices, Ltd.
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“Have you priced nursing homes lately? In Texas, you are looking at an average annual cost of $50,000. We are on the low end; nationally, the average annual cost is closer to $75,000. New Jersey costs a whopping $109,500 annually.” Medicaid provides several programs funded through a state-federal agreement, explains... Continue reading
Posted Apr 14, 2020 at Stone Law Offices, Ltd.
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We trust this finds all well with you and yours, especially in light of the challenges surrounding COVID-19. Are you practicing social distancing and possibly even self-quarantine? Perhaps you fall within a high-risk category and are protecting yourself. Maybe you are young and healthy and simply want to safeguard others.... Continue reading
Posted Apr 14, 2020 at Stone Law Offices, Ltd.
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By: Stephanie Hartman Rojo, Esq., Associate Attorney at Stone Law Offices, Ltd. Whether your Probate case was in progress prior to COVID-19 or you are just getting started, you may be wondering, given the current climate, what will happen with the case? There are a lot of elements and moving... Continue reading
Posted Apr 14, 2020 at Stone Law Offices, Ltd.
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“At the time, he had gone so far as to have his will drawn up, but he hadn’t finalized it. In addition, he hadn’t authorized anyone to have power of attorney, in case of illness.” The gentleman at the heart of this article isn’t the first, and sadly he won’t... Continue reading
Posted Apr 10, 2020 at Stone Law Offices, Ltd.
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“The rapidly evolving coronavirus (COVID-19) crisis is creating a plethora of unique estate planning and legal challenges across the globe, particularly given the volatility of the financial markets.” As Americans adjust to a changing public health landscape and historical changes to the economy, certain opportunities in wealth planning are becoming... Continue reading
Posted Apr 9, 2020 at Stone Law Offices, Ltd.
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“When you are a farmer, your business is not only your livelihood and your passion, but, often, it is also intermingled with your family life.” Planning for the end of life is intimidating for everyone, but when the plan includes a family business like a farm or ranch, things can... Continue reading
Posted Apr 9, 2020 at Stone Law Offices, Ltd.
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“What is equal treatment at time of death can be disputed among the children, when some children have received substantially more in lifetime gifts than the others.” Most parents want to divide their estate equally among their heirs, but sometimes things just don’t work out that way. That’s especially the... Continue reading
Posted Apr 8, 2020 at Stone Law Offices, Ltd.
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The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15, 2020, because of the novel coronavirus pandemic. The IRS has expanded the list of deadline extensions for federal taxes and tax returns to include gift and generation-skipping... Continue reading
Posted Apr 8, 2020 at Stone Law Offices, Ltd.
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Signed into law on Friday, March 27, the CARES (Coronavirus Aid, Relief, and Economic Security) Act is the biggest economic stimulus package in U.S. history. Below are essential highlights for individuals and small businesses. Individuals One-time direct deposits of up to $1,200 for individual taxpayers with incomes up to $75,000... Continue reading
Posted Apr 7, 2020 at Stone Law Offices, Ltd.
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“States can differ dramatically when it comes to long term care regarding availability, quality, government benefits, retirement communities and cost.” What if your parents live in Oklahoma, you live in Nebraska and your brothers and sisters live in New York and California? Having the important conversation with your aging parents... Continue reading
Posted Apr 7, 2020 at Stone Law Offices, Ltd.
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If you’re caring for an older loved one, you might be worried. Here is what you need to know to keep elderly people safer, and what to do if they do show symptoms of COVID-19. We have all been warned that our elderly loved ones are at heightened risk during... Continue reading
Posted Apr 7, 2020 at Stone Law Offices, Ltd.
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed on March 27, 2020, allows employers (and self-employed individuals) to delay paying their portion of that social security payroll tax. However, employers who receive Small Business Act loans that are forgiven under the CARES Act are not eligible for this... Continue reading
Posted Apr 7, 2020 at Stone Law Offices, Ltd.
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“You’ve probably received one: A recorded call warns of a problem with your Social Security number. To fix it and avoid legal action, you’re told, you must call back immediately—and pay up.” You’d think everyone would know to ignore these calls. However, these criminals are so convincing, says The New... Continue reading
Posted Apr 5, 2020 at Stone Law Offices, Ltd.
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“A power of attorney, similar to a last will and testament, is a powerful document that must be created before it becomes necessary.” All too often, people wait until it’s too late to execute a power of attorney. It’s uncomfortable to think about giving someone full access to our finances,... Continue reading
Posted Apr 4, 2020 at Stone Law Offices, Ltd.
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With COVID-19 impacting more and more Americans, individuals across the country are scrambling to set up wills and end-of-life directives. With COVID-19 affecting more and more Americans, people across the country are scrambling to set up wills and end-of-life directives. Over the last two weeks, online will companies have seen... Continue reading
Posted Apr 3, 2020 at Stone Law Offices, Ltd.
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“Giving appreciated stock shares, donating your RMDs and using charitable remainder trusts are just a few of the options you may not be aware of to help charities and your heirs at the same time.” Americans are a country of generous people. We give to organizations that we feel connected... Continue reading
Posted Apr 3, 2020 at Stone Law Offices, Ltd.