2100 Douglas Blvd, Roseville, CA

Estate Planning, Charitable Giving
And The Northern California Conference

The Planned Giving Department provides information to individuals that will assist them in using gift planning documents such as Wills, Trusts, Gift Annuities, Power of Attorney and Health Care Directives; that will provide for and protect family members and support God's work in Northern California and beyond.

Our department has received the highest possible accreditation by the North American Division of the General Conference of Seventh-day Adventists and certification for all of our planned giving professional staff. We are committed to assisting you with helpful information regarding the best way for you to benefit through a planned gift and to assist you with planning for the distribution of your estate. Please give us a call at 916-886-5699 and we will be happy to assist you.

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Thursday May 6, 2021

Washington News

Washington Hotline

Millions of Economic Impact Payments in the Mail

On March 22, 2021, the IRS announced that 37 million Economic Impact Payments (EIP) are being distributed with a pay date of March 24. The second batch of payments increases the total number for the third round of stimulus payments to 127 million. The value of this round of Economic Impact Payments is $325 billion.

These new payments include 17 million direct deposits, 15 million paper checks and 5 million debit cards. The 37 million recipients are primarily individuals who filed a 2019 or 2020 tax return. Some individuals who used the Non-Filers tool on IRS.gov also will receive payments.

IRS Commissioner Chuck Rettig stated, "The IRS continues to send the third round of stimulus payments in record time. Since this new set of payments will include more mailed payments, we urge people to carefully watch their mail for a check or debit card in the coming weeks."

If you have not received a direct deposit, you may receive a paper check or an EIP card. The paper checks will be in an envelope from the U.S. Department of the Treasury. On the lower left section, the paper check will include a statement in the memo field that it is an "Economic Impact Payment."

EIP debit cards will be in envelopes that include the seal of the U.S. Department of the Treasury. The EIP card is a Visa Debit Card issued by MetaBank. There is information with the card that indicates it is an Economic Impact Payment.

Recipients who have received other EIP cards will not be able to reload funds on those cards. Each card has a separate debit value. The cards may be used to obtain cash from domestic ATMs or transfer funds to a checking account. All EIP cards are issued by the Bureau of the Fiscal Service.

EIP payments are often $1,400 for an individual, $2,800 for a couple and $1,400 for each dependent claimed on a tax return. The amount is based on the latest processed tax return from either 2019 or 2020.

Individuals who did not file a return but qualify for Social Security, Railroad Retirement, Supplemental Security Income or Veterans Affairs benefits may also receive an Economic Impact Payment.

Some individuals who are homeless did not receive a first or second Economic Impact Payment. These individuals will need to file a 2020 tax return to claim a Recovery Rebate Credit.

Published March 26, 2021
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Power of Attorney

If you want to be sure that a person you trust will be able to make decisions for you when you are unable to do so, you can create a power of attorney agreement for healthcare or finances. A power of attorney for healthcare allows a person (known as your agent) to make decisions about the medical care you will or will not receive. A power of attorney for finances allows your agent to manage your financial affairs. Your agent must make decisions consistent with what they know your wishes are, even if they personally disagree. If they do not know your wishes on a particular matter, they must act in your best interest. You can give your agent broad authority to make decisions related to your financial or health care needs, or you can limit their authority to certain types of decisions. Depending on your needs, we can help you create a power of attorney agreement that will be active immediately, will go into effect if you become incapacitated, or will only be in effect for a limited time or under specific circumstances.

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