Estate planning advice is the same in one key aspect as it was before the coronavirus pandemic hit the US: everyone needs an estate plan. How that advice has changed depends on your situation. Have you experienced a substantial decrease in the value of significant assets in your estate? Has your health or the health of one of your personal representative or executor, trustee, legatees, or beneficiaries changed? If any aspects of your estate or persons directly involved in your estate have altered, or if you haven’t yet created an estate plan, talking to an experienced estate planning attorney is critical to preserve your hard-earned assets for your use and for passing on.
Businesses across the country have clamored to take advantage of the Paycheck Protection Program (PPP or P3) offered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The COVID-19 pandemic resulted in an economic shutdown that left many businesses struggling and workers unemployed. The opportunity for a low-interest or even forgivable loan to continue operations during the shutdown was too good to overlook. But subsequently-issued regulations have given shape to the program in unexpected ways, in some cases limiting forgiveness.
The coronavirus pandemic has affected every aspect of life across the globe. The pandemic’s impact on worker’s compensation claims remains to be seen. Chief Administrative Law Judge Bradley A. Crouser and Chairwoman Rita Hedrick-Helmick of the Workers’ Compensation Board of Review recently featured in a teleconference with West Virginia workers’ compensation attorneys to discuss COVID-19’s effect on West Virginia workers’ compensation proceedings and the shifts being made as a result of the pandemic.
Dear Friends and Clients,
Jenkins Fenstermaker, PLLC has followed West Virginia Governor Jim Justice's directives in an effort to halt the spread of COVID-19 and protect our employees, clients, communities and healthcare systems. As part of those efforts, we have transitioned our attorneys and staff to work remotely.
Estate planning usually brings to mind the drafting of a will and maybe the creation of a trust. But estate planning is more than just planning for the distribution of wealth at your death. A comprehensive estate plan includes life planning—making preparations to provide for yourself and your loved ones if life throws you a curve. With the global spread of the coronavirus, many are thinking about estate planning for emergencies—making sure you and your loved ones are provided for in times of economic downturn, poor health, or other adverse events.