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Dear Clients, I hope this letter finds you and your family all safe and healthy. Like you, the attorneys and staff at Godbey Law have also spent the last several weeks adjusting to a world with COVID-19. This means understanding how it affects our staff and our...
Quick Summary The SECURE legislation — which stands for “Setting Every Community Up for Retirement Enhancement” — puts into place numerous provisions intended to strengthen retirement security across the country. As part of a larger government spending package, which was signed into law on December 20, 2019, Congress included provisions from the Setting Every Community Up for Retirement Enhancement (SECURE)…
Before you click that link or mail that check this season, consider these 10 ways to potentially maximize your charitable giving. Discuss your philanthropic values and goals with your family (or even friends) as a way to build a legacy. 50/30/20 Rule: 50% to support...
To All Clients of Godbey Law, [WATCH VIDEO] Twenty-five years ago today, I came home early to tell my wife (who was pregnant with our first child) that I had quit my job in order to open my own law firm. I have no regrets. Today we celebrate 25 years of legal leadership at Godbey Law. Thank you to all…
Protecting value for future generations or philanthropy The 2017 nearly doubled the federal estate and gift tax exclusion amounts. $11.18 million per person; $22.36 million per married couple. The purpose of the exclusion is to allow wealth transfer to heirs without taxation. These new amounts along with significant valuation discounts on shares of privately held companies allow business owners to…
The looming shutdown of the federal government would affect the everyday lives of people across the country, regardless of whether they’re government workers. Hundreds of thousands of federal workers would be off the job, military death benefits would be suspended and the Smithsonian museums would close. What you CAN do during a Government Shutdown Get Social Security benefits: Payments would…