People are taking time during the COVID-19 crisis to update their finances and important life documents. Here are four estate plan details you should focus on in light of the current pandemic.

The current pandemic breeds a lot of uncertainty and fear. The media actively participates in spreading the fear. Headlines often accentuate the negative because that is what gets us to tune in. Pessimism and cynicism are weirdly addictive. While addictive, they can also be destructive – both mentally and financially.

The Coronavirus Aid, Relief, and Economic Security ("CARES") Act is geared towards providing relief for businesses, but it also contains provisions that change some of the rules for retirement plans.

As you may have heard the Coronavirus Aid, Relief, and Economic Security Act (commonly known as the CARES Act) was signed into law on March 27, 2020. The CARES Act will provide some necessary relief to America’s families and businesses as we all manage the COVID-19 health crisis and economic turmoil. In addition, the CARES Act has given extended time for the filing and payment of income taxes and has changed some other important dates.

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.

Scammers and hackers love taking advantage of new events, and the ongoing COVID-19 (coronavirus) story is no exception. Authorities are warning consumers to be skeptical of emails and websites promoting coronavirus prevention products and tips, according to the Better Business Bureau. These rapidly spreading scams, like others that capitalize on natural disasters and the like, typically promise something too good to be true and insist that you “Act Now.” Don't!