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BCLP Associate Jessie Rose Publishes Article on LGBTQ* Legal Terminology

In the UK, same-sex couples have been able to enter into civil partnerships since 2005 and marry since 2014. However, the legal meaning of terms such as child, mother and father have not necessarily adapted to encompass LGBTQ* families. In the first of two blogs, Associate Jessie Rose examines the potential impact of outdated legal terminology on LGBTQ* families. The full blog post can be found here.

Internal Service Revenue Notice 2020-51 – Updated Guidance Regarding Retirement Plans

June 24, 2020

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Treasury issued Notice 2020-51 today on CARES Act § 2203, the 2020 Waiver of Required Minimum Distributions (“RMDs”) that contained important (and in part some surprising) guidance.  Here are some of these important points.

  • All distributions in 2020 from a Plan or IRA that were 2020 RMDs can be rolled over or put back into the Plan or IRA so long as that is completed by August 31, 2020.
  • The ability to put the funds back into an IRA includes the ability of a beneficiary of an inherited IRA to return to the inherited IRA the funds distributed to the beneficiary as a 2020 RMD.
  • A distribution in 2020 that is part of a series of substantially equal periodic payments may also be rolled over, although the plan participant can’t cease those payments in 2020 without penalty.
  • The one rollover per 12 month limitation does not apply to 2020

BCLP Partner Elizabeth Hicks Named as Top Family Lawyer

June 12, 2020

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Congratulations to Head of Family Asset Protection in London Elizabeth Hicks, who has been recognized as a ‘Top Recommended Family Lawyer’ by Spear’s Magazine, a considerable achievement given she launched the London team only eighteen months ago. Every year, the Spears Family Law Index recognizes a small number of family lawyers recommended by their peers for their work. Read more about Elizabeth here.

BCLP Team to Present on Litigation Risks of COVID-19 Remote Witnessing and Notarization

As a result of the COVID-19 pandemic, many states have temporarily authorized remote witnessing and notarization of estate planning documents. These laws present a unique set of litigation risks, which can be mitigated with careful planning.

BCLP Partner, Doug Stanley, and Associates, Andrew Bleyer and Sasha Riedisser, will be discussing this topic on a Federal Bar Association webinar on Friday, May 15 at 2 p.m. CST. You can register for the webinar here.

Revisiting your Healthcare Directive (or Living Will) in Light of COVID-19

https://prepareforyourcare.org/welcomeThe numbers of confirmed cases of U.S. citizens with COVID and of those who die from COVID related symptoms are continuing to rise.  COVID-19 has caused life-threating respiratory conditions, extended hospitalizations, and a resulting strain on our healthcare system.  Because COVID-19 is so contagious, the loved ones and family members of sick patients are not able to accompany them to the hospital.  Consequently, the virus underscores for all of us the importance of healthcare planning, particularly by having an advance directive or living will.

Advance directives are legal documents that specify healthcare treatment preferences (the “living will” portion) and designate a “healthcare proxy.” The proxy, also known as a healthcare agent, is a person you designate to make decisions for you in case you become unable to make them for yourself.  The directive allows

BCLP Team to Present on COVID-19 Estate Planning Application

May 5, 2020

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BCLP Partner, Stephanie Moll, and Global Innovation Team member, Kristi Smith, will be presenting with Neota Logic on the International Legal Technology Association’s product briefing webinar Friday, May 29.  Moll and Smith will discuss new challenges law firms may be facing that can be overcome through a multidisciplinary approach to digitizing legal services, and will showcase their latest COVID-19 application that was built in the Neota platform. This application helps people impacted by COVID-19 identify the bare minimum requirements for execution of wills, trusts & powers of attorney in the age of social distancing.

You can register for the Webinar here.

The Most Savvy DIY Project to Do from Home During Quarantine… Organize your Personal Records!

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At this point you’ve probably cleaned out your closets and garage or tackled that home improvement project you’ve been wanting to do since you moved into your home.  Maybe you’ve even made banana bread, Dalgona whipped coffee or watched Tiger King and all three seasons of Ozark.  But what have you done to ensure your personal and family organization? One of the most important DIY projects that has been overlooked is the compilation, organization and maintenance of your important documents and records.

There is no better time than now to get your financial and estate planning documents in order!

Some of the information you should organize and compile is:

Contact Information: Create a list of all of the important people in your life (including their contact information). This list can include people like your attorney, your CPA, your named Executors and Trustees, your

IRS Publishes Guidance on COVID-19 Relief for Estate and Gift Taxes

The IRS has published a series of questions and answers that provide guidance with respect to COVID-19 relief for estate and gift taxes, which can be found here.

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