Share

Coronavirus

Thursday, May 14, 2020

Protect Your Finances From Coronavirus Complications


Many Americans spend a lot of time and effort in managing their finances. While most are worried about how the coronavirus (COVID-19) will impact their income—whether that’s because they are temporarily furloughed, find themselves suddenly without a job, or watching their investment and retirement accounts dwindle—there is another way COVID-19 can wreak havoc on American’s finances: lack of incapacity planning.  

As the coronavirus continues to expand across the country, thousands of Americans are unable to carry out normal financial responsibilities because they are too ill, or they are stuck abroad and unable to travel home, or from a lack of resources due to being isolated at home. 

While feeling healthy, individuals should plan ahead now and ensure that someone will take care of their financial duties by setting up a Financial Power of Attorney. This important legal document will not only protect your finances should you fall ill from COVID-19 but also from any events that might leave you incapacitated, like an injury or accident.


Read more . . .


Thursday, May 7, 2020

What should I do if I've received a Covid-19 Stimulus Check for a deceased person?


It has come to our attention that some of our clients have received an Economic Impact Payment, authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), for a person who is no longer living.

If you receive an Economic Impact Payment for a person who is no longer living, do not cash the check or use the funds. 

According to the Internal Revenue Service Website, a deceased person is not eligible to receive the payment. 

A Payment made to someone who died before receipt of the Payment should be returned to the IRS by following the instructions about repayments. Return the entire Payment unless the Payment was made to joint filers and one spouse had not died before receipt of the Payment, in which case, you only need to return the portion of the Payment made on account of the decedent.
Read more . . .


Thursday, March 26, 2020

CORONAVIRUS / COVID 19: Essential Estate Planning Considerations for Yourself and Loved Ones


With the threat and uncertainty of COVID-19, many people may be thinking about what they should be doing to prepare for and handle their personal estate planning needs or those of an elderly family member. Here is a checklist of estate planning essentials.

Healthcare or medical power of attorney.  This document allows you to designate a person or persons to assist you with your personal affairs and medical care.  It allows for a family member or close friend to make decisions on your behalf about medical treatment options if you lose the ability to decide for yourself.


Read more . . .


Archived Posts

2020
2019
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
2016
2015
2014
2013
2012
2011
2010


Our law firm, attorneys and lawyers handle matters throughout Montana (MT), including Billings, Bozeman, Great Falls, Havre, Helena, Kalispell, Lewistown, Livingston, Missoula, Shelby and Whitefish.



© 2020 Scott, Tokerud & McCarty, P.C. | Disclaimer
Eight 3rd St. North, Suite 507, Great Falls, MT 59401
| Phone: 406-727-2200

Estate Planning | Elder Law | Veterans Aid & Benefits | Advanced Estate Planning | Probate / Estate Administration | Business Law | Business Succession Planning | Purchase/Sale of a Business | Special Needs Planning | Guardianships | Asset Protection | Planning for Children | Pet Trusts | Events | Articles & Videos | Professional Advisors | Newsletters

Attorney Website Design by
Zola Creative