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IndividualS & FAMILIES

The coronavirus is impacting families and individuals in addition to businesses. KJK’s Private Client Services team is watching developments nationwide  to ensure that individuals are kept informed about their rights and how they can protect their families during these unprecedented times. 

Estate Planning Amid Coronavirus

Understandably in this uncertain and turbulent time, it may not be feasible to do all the intricate estate and tax planning you hope to accomplish, however, it is possible to take the first step to get some basic planning done to give you and your family peace of mind. The following is a list of “bare bones” key estate planning documents you should have in place. 

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DOL Issues Guidance on the Families First Coronavirus Response Act

On March 24, 2020, the Department of Labor (DOL) issued initial guidance concerning the recently enacted Families First Coronavirus Response Act (the “Act”). It answers many questions employers may now face in light of the Act’s various provisions.  As the DOL continues to receive feedback from the pubic regarding the Act, additional guidance is expected within the week.

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New $2 Trillion Coronavirus Relief Bill: What it Means for You and Your Business

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides for a $2 trillion economic stimulus package designed to mitigate the harm caused to Americans and businesses by the coronavirus pandemic. The bill is the largest stimulus package in U.S. history. It is also the third Congressional action taken this month in response to the pandemic. The U.S. Senate unanimously passed the CARES Act Wednesday. The House is expected to vote to approve the CARES Act Friday morning and President Trump has indicated that he will sign it immediately.

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If you have specific questions about any of the information in our articles, please reach out directly to the author or contact the Chair of the Government & Legislation Response Team, Kate Hickner.

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