In a recent article in Bloomberg, “Rich Americans Seize Historic Chance to Pass on Wealth Tax-Free,” author Ben Steverman applauds rich Americans who are taking advantage of an unprecedented opportunity made possible by the coronavirus pandemic to transfer money to their children and grandchildren tax-free. We recommend rephrasing it to say smart Americans rather than…

Coronavirus has been all over the news—and with good reason. For some people, it can turn into a serious illness if contracted. Thankfully, for the great majority of people who have contracted the disease, the symptoms appear to be relatively mild. Nevertheless, it is crucial for everyone, particularly those who are in good health, to…

Attorney – Coleman Taylor Congress approved the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and President Donald J. Trump signed it moments ago. You can check yesterday’s post for details of the bill as there were no changes from the Senate’s version. At this early stage this means many of our clients…

Attorney – Coleman Taylor The Senate voted 96-0 last night on its Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). This sets the table for the House to vote on the Act, hopefully sooner rather than later. Assuming this, or a substantially similar version of the bill, gets signed into law within the…

Attorney – Coleman Taylor As Democrats and Republicans seem to have reached an agreement for a “Phase 3” COVID-19 bill, the implementation of a large-scale expansion of the Small Business Administration (“SBA”) Section 7(a) Loan Program appears to have widespread bipartisan support and should pass in some form within the next few days. The existing…

We understand your worry about COVID-19. We have revised our firm’s emergency policies and are taking the following steps to continue serving our clients: At this time, we are still seeing clients in our office but are following CDC guidelines and practicing social distancing, by which we will try to keep at least 4-6 feet…