The gift tax filing and payment deadlines have been extended to July 15 BY THEUS LAW OFFICES You may have heard that the federal income tax filing and payment deadline has been extended from April 15, 2020, to July 15, 2020, to provide relief for taxpayers adversely affected by the coronavirus (COVID-19) pandemic. What you may [...]Continue reading

Review your Estate Plan in the Midst of a Major Life Shock BY THEUS LAW OFFICES Generally, it’s recommended that you review your estate plan at year’s end. It’s a good time to check whether any life events have taken place in the past 12 months or so that affect your plan. However, with a life [...]Continue reading

What to Know Regarding an Immigration Court Venue Change? BY THEUS LAW OFFICES When someone has been detained by U.S. Immigration patrols and is later released from detention, they will generally receive a Notice to Appear (“NTA”). Such document instructs the non-citizen to appear before an immigration judge on a certain date and/or location. Generally, the [...]Continue reading

The Rules have Changed Regarding your IRAs, RMDs and Estate Plan BY THEUS LAW OFFICES Many people’s estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, have had a direct effect [...]Continue reading

Are Nursing Home Arbitration Agreements Enforceable by Law? BY THEUS LAW OFFICES Historically, nursing homes ask, or at times, force patients and their families to sign arbitration agreements before being admitted into their care. Through signing these agreements, patients and their loved ones give up their right to sue if they think the nursing home is [...]Continue reading

Now May be the Time to Forgive Intrafamily Loans BY THEUS LAW OFFICES If you have outstanding loans to your children, grandchildren or other family members, consider forgiving those loans to take advantage of the current, record-high $11.58 million gift and estate tax exemption. Bear in mind that in 2026, the exemption amount will revert to [...]Continue reading

Drafting your Will using Online Tools can Lead to Unwanted Outcomes BY THEUS LAW OFFICES The novel coronavirus (COVID-19) pandemic has refocused people’s thoughts on the health and safety of their families. In addition to taking the necessary steps today to protect your loved ones, it’s equally important to consider their financial security in the future. [...]Continue reading

Build Flexibility into Your Estate Plan with Powers of Appointment BY THEUS LAW OFFICES There are several tools you can use to build flexibility into your estate plan. Flexibility is especially important now because of an uncertain estate planning environment. The federal gift and estate tax exemption currently is an inflation-adjusted $11.58 million (the highest it’s ever [...]Continue reading