Susan Eleff - The Eleff Law Group

Susan Eleff - The Eleff Law Group Maryland based law firm concentrating on estate planning, probate, pre-nups, and business and commercial real estate law. The Bethesda, Maryland, law office of Susan Eleff, Attorney at Law, provides diligent and effective legal counsel and representation to individuals and businesses.
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Her practice includes estate and incapacity planning, estate administration, also known as probate, business and commercial transactions, commercial real estate transactions and contract counsel, negotiating and drafting. When you hire this law firm, you will work directly with Susan Eleff, a highly trained lawyer with more than 35 years of solid hands-on experience. Susan Eleff provides legal services that are both personal and professional, and her success is evident in her client endorsements and peer reviews. She holds an AV Preeminent* peer review rating through Martindale-Hubbell, the service's highest rating, and a 10.0 Superb rating from the Avvo attorney rating service, that service's highest score.

Payment Options:   Amex Discover Mastercard Visa

Operating as usual

09/29/2020
09/22/2020
Susan Eleff - The Eleff Law Group

Free initial telephone consultations for MD, DC and VA estate planning. Signing sessions at our outdoor “conference room” weather permitting.

09/10/2020
Since March 2020, we've been holding all client meetings at our outdoor "conference room" in Silver Spring, MD 20902.  E...
09/03/2020

Since March 2020, we've been holding all client meetings at our outdoor "conference room" in Silver Spring, MD 20902.
Estate Planning, Probate and Trust Administration, Pre-nups.
301.857.1990
EleffLaw.com

Our outdoor "conference room" @ the Eleff Law Group.  All client meetings have been held outdoors since March 2020.  Est...
08/26/2020
Bethesda & Silver Spring Estate Planning Lawyers | The Eleff Law Group

Our outdoor "conference room" @ the Eleff Law Group. All client meetings have been held outdoors since March 2020.

Estate planning, probate, pre-nups, business start-ups and transactional matters. 40 years experience.

Susan Eleff, Attorney at Law
12305 Kemp Mill Road, Silver Spring, MD 20902
301,857.1990
EleffLaw.com
[email protected]

Contact The Eleff Law Group at 800-765-2662 for estate planning, business or real estate needs in the Bethesda, MD area. Consultations are free.

Thank you, Martindale Hubbell.
07/15/2020

Thank you, Martindale Hubbell.

Attorney Susan Eleff provides thoughtful and compassionate guidance to families going through the probate process in MD,...
06/18/2020
Client-Focused Probate Attorney

Attorney Susan Eleff provides thoughtful and compassionate guidance to families going through the probate process in MD, DC and VA.

She has over 40 years of legal experience.

8 weeks went to 24, 75% went to 60%, making the program even more flexible and generous.  There's still time - - and fun...
06/07/2020
UPDATE: Paycheck Protection Program Flexibility Act of 2020 Amends the CARES Act to Provide Borrowers Relief under the PPP

8 weeks went to 24, 75% went to 60%, making the program even more flexible and generous. There's still time - - and funds available - - for small businesses to apply.

https://www.natlawreview.com/article/update-paycheck-protection-program-flexibility-act-2020-amends-cares-act-to-provide

On June 5, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPPFA) was signed into law to provide relief to borrowers under the Paycheck Protection Program (PPP). The PPPFA amends the or

Are you a small business owner with a Paycheck Protection Program loan, or considering applying?  Check out the new guid...
05/14/2020

Are you a small business owner with a Paycheck Protection Program loan, or considering applying? Check out the new guidance from the SBA, providing:

If your loan is under $2 million, you, as a borrower, will be deemed to have made the need certification in good faith.

If your loan is more than $2 million and the SBA subsequently determines that there was not the requisite need, recourse will be limited to denial of forgiveness and repayment of the loan at the 1% interest rate if you do so when notified of an SBA’s determination.

For more details,speak with your attorney and/or carefully read the SBA's guidance at this link - - Q and A number 46:https://www.sba.gov/sites/default/files/2020-05/Paycheck-Protection-Program-Frequently-Asked-Questions_05%2013%2020.pdf

Some of those stimulus payments MUST be returned. For the families of deceased taxpayers, the IRS states “A payment made...
05/08/2020

Some of those stimulus payments MUST be returned.

For the families of deceased taxpayers, the IRS states “A payment made to someone who died before receipt of the payment should be returned to the IRS by following the instructions about repayment. Return the entire payment unless the payment was made to joint filers and one spouse had not died before receipt of the payment , in which case, you only need to return the portion of the payment made on account of the decedent. This amount will be $1,200 unless adjusted gross income exceeded $150,000.”

For incarcerated taxpayers, the IRS states “A payment made to someone who is incarcerated should be returned to the IRS by following the instructions about repayments. A person is incarcerated if he or she is described in one or more of clauses (i) through (v) of Section 202(x)(1)(A) of the Social Security Act (42 U.S.C. § 402(x)(1)(A)(i) through (v)). For a payment made with respect to a joint return where only one spouse is incarcerated, you only need to return the portion of the Payment made on account of the incarcerated spouse. This amount will be $1,200 unless adjusted gross income exceeded $150,000.”

For undocumented taxpayers, the IRS states “A person who is a non-resident alien in 2020 is not eligible for the payment . A person who is a qualifying resident alien with a valid SSN is eligible for the payment only if he or she is a qualifying resident alien in 2020 and could not be claimed as a dependent of another taxpayer for 2020. Aliens who received a payment but are not qualifying resident aliens for 2020 should return the payment to the IRS by following the instructions about repayments.”

NOTE: The use of social media or otherwise on the internet for general information and communication purposes is not legal advice and does not establish an attorney-client relationship.

https://www.financial-planning.com/news/irs-explains-how-ineligible-taxpayers-should-return-their-coronavirus-stimulus-payments?position=editorial_1&campaignname=FP_Daily_Daybreak-05082020&utm_source=newsletter&utm_medium=email&utm_campaign=FP_Daily_Daybreak%2B%27-%27%2B05082020&bt_ee=S489Bz374AY%2BKdKlsgYBSHBz6RmB6crF%2BrM2vB3sOVE%3D&bt_ts=1588931744321

04/13/2020

News you can use on federal COVID-19 pandemic relief if you're an IRA owner:

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") into law. The legislation, which contains more than $2 trillion of stimulus and relief measures, has been widely publicized, and provides Americans much needed assistance as we all cope with the COVID-19 pandemic. The CARES Act also has several provisions that specifically impact IRAs to help provide relief for many Americans.

Extension of IRA Contribution Deadline

Since the IRS has extended the federal income tax filing date to July 15, 2020, the deadline to contribute to an IRA has been extended to July 15 as well. Normally, Form 5498, which reports IRA contributions made for a tax year, must be filed with the IRS and sent to IRA owners by June 1. The IRS has not yet addressed whether IRA custodians will have additional time to file Form 5498 for 2019, since the deadline to make IRA contributions for 2019 is being extended past the 2019 Form 5498 filing date of June 1 to July 15, 2020.

Waiver of 2020 Required Minimum Distributions

The CARES Act waives the requirement to take a required minimum distribution (RMD) in 2020 and is available to all IRA owners and beneficiaries of inherited IRAs, not just those directly affected by the COVID-19 pandemic.For IRA owners, RMDs must be taken when the owner reaches a certain age. This age is 70 ½ for individuals born before July 1, 1949 and age 72 for individuals born on or after July 1, 1949, as recently changed by the SECURE Act. Some IRA beneficiaries are subject to a “five year rule” requiring the account to be distributed within five years of death of the IRA owner. For those beneficiaries subject to the “five year rule,” 2020 is disregarded; that is, the beneficiary receives an additional year to completely distribute the account.

Some IRA owners may have already taken a RMD in 2020. In that case, the RMD is now treated like a normal, non-RMD distribution; therefore, an IRA owner can roll the distribution back into the IRA within 60 days. However, if an IRA owner chooses to roll the RMD back into the IRA, he or she would not be eligible to complete any other rollovers for 12 months. Direct trustee-to-trustee transfers from one IRA provider to another IRA provider are not restricted. If you already took an RMD in2020 and are contemplating putting it back into your IRA, you may want to consult with your tax advisor.

Tax-Advantaged Distributions of up to $100,000 for Affected Individuals

If you are an IRA owner affected by the COVID-19 pandemic (see below for eligibility), you may take a distribution from your IRA of up to $100,000 and will be entitled to special tax benefits. This is called a “coronavirus-related distribution,” or CRD, and must occur in 2020.

Benefits
A CRD entitles the IRA owner to three benefits:
1. The income from the distribution can be spread equally over three years on the IRA owner’s federal income tax return.
2. If the IRA owner is under age 59 ½, the 10% early distribution penalty is waived.
3. The IRA owner can repay some or all of the CRD within three years, in which case it is treated like a rollover.
A CRD may also be taken from an inherited IRA and from a Roth IRA, provided that the total amount taken from all IRAs may not exceed $100,000 per affected individual.

Eligibility
To be eligible to receive a CRD, the IRA owner must meet one of three criteria:
1. The IRA owner has been diagnosed as having the coronavirus by a test approved by the Centers for Disease Control and Prevention (CDC).
2. The IRA owner’s spouse or dependent has been diagnosed with the coronavirus.
3. The IRA owner experienced adverse financial consequences as a result of being quarantined, being furloughed or laid off or having work hours reduced due to the coronavirus, being unable to work due to lack of child care due to the coronavirus, or because of the closing or reduced hours of a business owned or operated by the IRA owner.
.

You Can Now Get A Stimulus Check Even If You Haven't Filed Taxes! - DansDeals.com
04/05/2020
You Can Now Get A Stimulus Check Even If You Haven't Filed Taxes! - DansDeals.com

You Can Now Get A Stimulus Check Even If You Haven't Filed Taxes! - DansDeals.com

Previous posts: The House And Senate Have Passed The Coronavirus Stimulus Bill; Here Is How To Find Out How Much Your Check Will Be For President Trump Has Signed The $2.2 Trillion Coronavirus Stimulus Bill Into Law; Here Is What You Need To Know About The Benefits One of the flaws in the Stimulus B...

https://www.nbcwashington.com/news/coronavirus/montgomery-co-recommends-filling-out-file-of-life-in-case-of-hospitalizat...
04/05/2020
Montgomery Co. Recommends Filling Out ‘File of Life’ in Case of Hospitalization

https://www.nbcwashington.com/news/coronavirus/montgomery-co-recommends-filling-out-file-of-life-in-case-of-hospitalization/2264545/ Here's a link to get you to a File of Life form:https://www.folife.org/wp-content/uploads/File-of-Life-COVID-19-Preparedness-Fillable.pdf

Montgomery County recommends people fill out a form with the medications they take and their medical histories to have on hand if they need to go to the hospital. File of Life cards aren’t new. Primarily, they were intended for the elderly, or people with chronic medical issues. But now, new proce...

Waiver of required minimum distributions for 2020 - - and 2019 if not yet made - - great news if you don't' need the $$$...
04/03/2020
Major changes in RMDs and retirement contributions in $2T stimulus plan

Waiver of required minimum distributions for 2020 - - and 2019 if not yet made - - great news if you don't' need the $$$ currently and can reduce your income tax burden - - read on:

https://www.financial-planning.com/news/new-cares-act-would-bring-tax-relief-for-retirement-accounts?position=editorial_1&campaignname=FP_Weekly_Best%20of%20the%20Week-04032020&utm_source=newsletter&utm_medium=email&utm_campaign=FP_Weekly_Best+of+the+Week%2B%27-%27%2B04032020&bt_ee=R7LTr%2FQYITEQK6OSNmgl9qAx3%2BQOKmvEGN2R5%2BnzxMk%3D&bt_ts=1585929684976

The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.

The Eleff Law Group is operating mostly remotely, and offers social distancing at our outdoor seating area for document ...
03/31/2020

The Eleff Law Group is operating mostly remotely, and offers social distancing at our outdoor seating area for document signings when witnesses and notary are required. We're an "essential business" law firm based in Montgomery County, Maryland, practicing primarily in MD, DC and VA, for estate planning, probate, prenuptial agreements, and certain business and commercial real estate matters. 301.857.1990.

Address

7315 Wisconsin Avenue, Suite 800 West
Bethesda, MD
20814

Opening Hours

Monday 08:00 - 19:00
Tuesday 08:00 - 19:00
Wednesday 08:00 - 19:00
Thursday 08:00 - 19:00
Friday 08:00 - 15:00
Sunday 08:00 - 19:00

Telephone

+13018571990

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The Eleff Law Group

The Bethesda, Maryland, law office of Susan Eleff, Attorney at Law, provides diligent and effective legal counsel and representation to individuals and businesses. Her practice includes estate and incapacity planning, estate administration, also known as probate, business and commercial transactions, commercial real estate transactions and contract counsel, negotiating and drafting. When you hire this law firm, you will work directly with Susan Eleff, a highly trained lawyer with more than 35 years of solid hands-on experience. Susan Eleff and her assistants provide legal services that are both personal and professional, and her success is evident in her client endorsements and peer reviews. She holds an AV Preeminent* peer review rating through Martindale-Hubbell, the service's highest rating, and a 10.0 Superb rating from the Avvo attorney rating service, that service's highest score.

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