Table of Contents:
Estate Planning During COVID-19
4/9/2020
While our clients and our community are dealing with new realities in light of the COVID-19 pandemic, one source of anxiety can be realizing that you do not have the appropriate documents prepared in case of emergency.
By having a Health Care Proxy, your medical provider and loved ones will know who should make decisions regarding your care in the event you are unable to do so, and you will be able to leave instructions regarding your care that will reassure your loved one that they are making the choices that you would want if you could make them yourself.
Similarly, a Power of Attorney gives someone the authority to make financial decisions on your behalf if you are unable to do so yourself. With a Power of Attorney, your agent will have authority to access your accounts to make sure bills are paid and be able to speak to banks or creditors on your behalf to keep your financial life afloat while you are unable.
Additionally, by preparing your Last Will & Testament, you will have the peace of mind of knowing that children are provided for, a guardian is appointed to care for them, and your assets are disbursed as you would want, should the unthinkable happen.
On April 7, 2020, Governor Cuomo issued an Executive Order which temporarily modifies the applicable laws to allow an attorney to supervise the signing of the above documents and permit witnesses to be present virtually via video conference. During this time of social distancing, we can prepare your estate planning documents, and allow you to sign and have the documents witnessed, without you ever having to come to the office or risk exposure.
If addressing your estate planning would give you peace of mind, please contact us so we can help. We can be reached at 845-615-9010 or info@cvlawgroup.com.
Paycheck Protection Program (PPP)
4/9/2020
On March 27, 2020, the CARES Act became law, intended to provide relief to those impacted by the COVID-19 pandemic. One of its most notable provisions is creating the Paycheck Protection Program, or PPP. The PPP is designed to give small businesses access to forgivable loans to enable them to pay and retain employees and meet short-term overhead costs to keep their business afloat. Since PPP was created, the federal Small Business Administration has issued additional guidelines and procedures to be followed by lenders and borrowers in implementing the program. If you want more information about PPP, or your business needs help understanding the applicable regulations and applying for a PPP loan, please contact us at info@cvlawgroup.com.
For some immediate guidance and answers to frequently asked questions, additional information can be found here.