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Category: Estate Planning

CREDITOR PROTECTION of RETIREMENT PLAN ASSETS

In the first quarter of 2019, assets held in qualified retirement plans and individual retirement accounts totaled over $29 trillion, and retirement assets accounted for nearly 33% of all household financial assets in the United States. Considering the ongoing COVID-19 threat and business layoffs across the nation, individuals facing reduced income or hours face several important questions including: Are my retirement account funds protected if I file bankruptcy? Do I lose creditor protection if I roll over my 401(k) Plan to an individual retirement account (IRA)? The short answer for both questions is—it depends on the type of retirement account owned and state law. For plans subject to the Employee […]

COVID-19 and LAST WILL AND TESTAMENT

On April 9, 2020, Texas Governor Greg Abbott temporarily suspended certain statutes to allow for appearances before notary public via video conference. Rosenblatt Law Firm can get certain estate planning documents executed for our clients remotely if necessary. Review or Update Your Last Will and Testament Estate planning is important for everyone, no matter your financial condition. The most fundamental document in an estate plan is your Will, which ensures your property will be distributed upon your death based on your personal desires and wishes. If you die without a Will, your assets will be distributed pursuant to state law which may be contrary to your intent or desires, particularly in second […]

COVID-19 and DPOA

On April 9, 2020, Texas Governor Greg Abbott temporarily suspended certain statutes to allow for appearances before notary public via video conference. Rosenblatt Law Firm can get certain estate planning documents executed for our clients remotely if necessary. Review Your Durable Power of Attorney If you become infected with COVID-19 and are unable to make financial decisions on your own, a Durable Power of Attorney (DPOA) is an essential document to have in your estate plan. The DPOA allows you to appoint an agent to make financial decisions on your behalf, including banking transactions such as paying your monthly bills, running your business, or even making gifts of property to loved ones. […]

COVID-19 and MPOA

On April 9, 2020, Texas Governor Greg Abbott temporarily suspended certain statutes to allow for appearances before notary public via video conference. Rosenblatt Law Firm can get certain estate planning documents executed for our clients remotely if necessary. Review Your Medical Power of Attorney and Directive to Physicians In the event you cannot make your own medical decisions because of an illness such as COVID-19, your Medical Power of Attorney (MPOA) allows you to appoint an agent to make health decisions on your behalf. Do you want heroic measures, such as intubation, to be taken in the event you cannot breathe on your own? If you have an existing MPOA, […]

STRATEGIC PLANNING

It’s hard to see the big picture when you’re zoomed in so far you can see pixels. Business owners can have the same challenge. The day to day grind of paying bills, managing inventory, training, and HR concerns leaves little time to zoom out and see the full picture of where your business is today and, more importantly, where it’s going. Sometimes all it takes is a little perspective and planning to make that next jump in your company’s growth. The fresh viewpoint of the strategic planning experts at Rosenblatt Law Firm are just what you need to get “unstuck” and moving forward with new locations, franchises, broadening into new […]