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Digital Assets Webinar: Springwater Wealth Management & Michael Walker

“Do you have an estate plan? Is it complete? Does it address your digital assets? A digital asset is content that is stored electronically. Digital assets include images, videos, files and credentials. If it’s stored on your computer, your phone or in the cloud, it’s a digital asset. ”

Springwater Wealth Management and SYK attorney Michael Walker will be hosting a virtual webinar on July 22nd. The education webinar aims to educate others about digital assets. If you have questions, now is a great opportunity to get them answered, and learn more about what digital assets really are, and when they need to be addressed in your estate planning.

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New Multnomah County Courthouse

Oregon Supreme Court: Churches’ Challenge Struck Down

A group of churches and public officials in Baker County challenged Governor Brown’s executive orders aimed at slowing down COVID-19. On Friday, June 12, 2020, the Oregon Supreme Court struck down the churches’ challenge.

Previously, Judge Matthew Shirtcliff of the Baker County Circuit Court granted a preliminary injunction, which rejected a number of Governor Brown’s “Stay Home Save Lives” restrictions related to public gatherings and business operations. Judge Shirtcliff ruled that Governor Brown’s restrictions were unconstitutional.

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Victims of COVID-19 Scams & Cybercrime Need to Act Fast

Cybercrime is becoming ever more pervasive, and with so many more people working at home during the COVID-19 coronavirus pandemic, the risk of a fraudulent wire transfer and other financially motivated crimes is higher than ever. 

Fraudsters use crisis events to target good-hearted investors. The SEC and other federal and state regulatory agencies are paying close attention to COVID-19-related financial fraud, such as fraudulent stock promotions and unregistered offerings, charitable investment scams, and community-based financial frauds.

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The CARES Act & Divorced or Separated Parents

On March 27, 2020, Congress passed the CARES Act, a sweeping piece of legislation aimed at providing relief to individuals, families, and businesses adversely affected by the Coronavirus pandemic. The Act will have different repercussions for individuals in different circumstances, but the provision with perhaps the broadest impact is the recovery rebate. More commonly referred to as a stimulus payment, the recovery rebate is a one-time payment to US citizens and residents. For most the recovery rebate is good news, but for unmarried, divorced, or separated parents sharing custody of their children, the rebate may usher in unwelcome complications.

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211info: Community Information Contact Center

Even small children know that they can dial 911 in an emergency. However, many do not know that in Oregon and Southwest Washington they can dial 211 to get access to a variety of community information resources. The 211info contact center is a nonprofit that serves all of Oregon’s and some of Washington’s counties. The organization can provide community members with information and referrals to services in each of the following areas:

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A Pandemic Economy: Modifying Spousal or Child Support Awards

Oregon’s unemployment rate has risen to a historic high of almost 15% in the wake of the COVID-19 pandemic, leaving many in a state of uncertainty about how they will make ends meet. For those who are party to a child or spousal support award, a change in employment may be grounds for modifying the terms of their support award. When there has been a significant, unanticipated change in economic circumstances, the court will consider a petition to modify a child or spousal support award. You would be hard pressed to find anyone who anticipated the COVID-19 pandemic, so if you have lost your job or are otherwise significantly impacted by the pandemic, you may consider requesting a child or spousal support modification.

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FINRA Issues Warning: Pandemic Volatility Highlights Oil-Linked ETPs Unsuitable for Some Investors

FINRA, the Financial Industry Regulatory Authority, issued an eye-catching warning in Regulatory Notice 20-14 about a particularly complex and risky type of security: Oil and Gas Exchange Traded Products, or ETPs. High concentrations in the oil and gas sector, especially with complex, risky, and volatile products like ETPs, may become a frequent subject for investor litigation in the upcoming year and fallout of the Coronavirus pandemic. To quote FINRA, “the performance of such products may be linked to unfamiliar indices or reference benchmarks, making them difficult for the average investor to comprehend.”

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Oath of Office: Colleen Muñoz Joins the Oregon State Bar

We are happy to introduce the newest attorney in the SYK family – Colleen Muñoz.

Colleen is a a graduate of Lewis & Clark. During her time in law school, Colleen clerked for Federal Magistrate Judge Stacie F. Beckerman, volunteered with Innovation Law Lab to assist detained individuals in presenting their asylum claims, and clerked at Passage Immigration Law. Colleen joined SYK as a law clerk during her third year of law school, where she found a home to begin her professional career as a lawyer. She passed the Oregon State Bar earlier this year. Her practice is centered around commercial and fiduciary litigation focusing on real property, employment, and construction law.

Due to COVID-19, her swearing in was a little different than the usual ceremony. Judge Katherine Tennyson joined us via Zoom to administer Colleen’s Oath of Office.

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Paycheck Protection Program Flexibility Act Signed Into Law

On Friday, June 7, 2020, the President signed the ‘‘Paycheck Protection Program Flexibility Act of 2020’’ (PPPFA) into law. This Act, recently passed in Congress by large bipartisan votes, makes a number of significant changes to the Paycheck Protection Program (PPP), which was passed by Congress on March 25, 2020, as part of the Coronavirus Aid Relief, and Economic Security (CARES) Act.

Here are the key changes made by Paycheck Protection Program Flexibility Act.

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