Regulators Loosen Appraisal Standards to Assist Homeowners and Businesses during the COVID-19 Crisis
Federal regulators have thrown another lifeline to a slowing housing market by further loosening the rules around appraisals. On April 14, 2020, the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), and the Consumer Financial Protection Bureau (CFPB)…
Catching Up On Your Taxes
The reality is once the COVID-19 pandemic finally ends, many individuals and businesses will not have enough capital to pay all their bills. This is especially the case with respect to folks that have fallen behind on their taxes. Not filing your income tax returns can result in the imposition of costly penalties. Even more…
When Worlds Collide – The Intersection of Traditional Estate Planning With the Protection of Assets From Nursing Home Costs
A good general definition of estate planning might be “getting what you have (your estate), to whom you want (your loved ones), when you want (now, upon death, or after death), efficiently (reducing taxation, avoiding probate, protecting assets), while keeping control to the extent possible.” That’s simple enough. What is not so simple is how…
Attorney Fred Misilo featured in the Telegram
See what Director Fred Misilo has to say when asked about leadership — As seen in the Sunday Telegram, Business Matters: Leaders Step Up Amid COVID-19 on May 10, 2020. Click here to read article.
Civil Litigation Basics 7 — Secondary Engagement – Post-Trial and Appeal
This is the seventh and final installment in a series about the basics of the civil litigation process. If you are interested in reading the previous installments, they are available on Fletcher Tilton’s website under the Knowledge Library where you will also find numerous excellent articles on litigation avoidance. This particular series is for those…
Protecting Your Assets
Estate planning clients frequently state that one of their estate planning goals is to “protect assets.” However, when asked what specifically they want to protect their assets from, they often have only a vague idea. Here are six examples of life events where proper planning can help meet these goals: 1. Protect from family disputes. Relying…
Surviving Difficult Times: What Employers Need to Know Now – PART 3
Given the federal government’s rush to pass three COVID-19 stimulus packages in rapid succession, it is no surprise that numerous aspects of the legislation have been difficult for employers to untangle. The US Department of Labor (also “DOL”) and other governmental departments have since attempted to clarify the law’s provisions. Using the information provided by…
The CARES Act: What Business Owners Need to Know – PART 2
As promised, here is an important update regarding the Paycheck Protection Program (PPP) component of the CARES Act. The Treasury has updated PPP loan information with more details and specifics regarding businesses that are excluded from consideration, primarily related to criminal activity. Below are the most notable updates: Interest rate is fixed at 0.50% Maturity…
Stimulus Bill – Tax Relief for Individuals and Businesses
On March 27, 2020, President Trump signed into law H.R. 748, an 880-page stimulus bill (the “Stimulus Bill”) designed to counter the economic effects of COVID-19. As you are probably already aware, the Stimulus Bill is broad in scope, and provides funding for the health care system, as well as relief for businesses and individuals…