Kay Sowa

Kay Sowa is a paralegal in the Trusts and Estates Group at Capehart & Scatchard, P.A. She is an IRS Enrolled Agent, an Accredited Estate Planner®, and a Certified Trust and Fiduciary Advisor. She oversees the trust and estate administration practice for the firm. She is an accomplished author and lecturer who has frequently spoken on behalf of a number of organizations including the National Business Institute and the Institute of Paralegal Education.

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UNCERTAINTY

That could easily become our buzz word these days.  Especially given what we have been through in the past couple of years.  But, life is full of uncertainty.  We were coasting along in 2019 and then 2020 saw the pandemic force us to change almost everything.  We experienced isolation, social distancing, masks, uncertainty of where […]

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Taxpayers Should Open and Carefully Read Any Mail from the IRS

The IRS mails letters or notices to taxpayers for a variety of reasons including: • They have a balance due.• They are due a larger or smaller refund.• The agency has a question about their tax return.• They need to verify identity.• The agency needs additional information.• The agency changed their tax return. If a […]

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Are You Looking For Your Federal Tax Refund?

You have filed your taxes and are expecting a refund on your Federal Return.  How can you check on the status of your refund?  Visit the irs.gov website and use the Where’s My Refund tool.  Your return should be available within 24 hours after the IRS has acknowledged receipt.  You will also be able to […]

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New Jersey Financial Wellness Website

New Jersey recently launched a free website called NJ FinLit.  This site is sponsored by the New Jersey Department of the Treasury and contains interactive tools, videos and articles which can be used to understand and manage your financial resources.  While there are many resources on the internet with regard to financial wellness, you must […]

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Where Are the Originals of Estate Planning Documents That Have Been Superseded?

Hmmmm, good question.  Probably one that you have never thought about.  This issue came up for discussion during a recent departmental meeting.  As attorneys change firms, they may bring files and other documents with them to their new firm.  And, sometimes, those documents include originally signed Last Wills and Testaments of individuals who may not […]

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Duties of a Trustee

You have completed your estate planning and have created a trust.  Do you know what the duties of your named trustee are? You are probably thinking – the trustee has to take care of the assets, pay any related bills, file any required income tax returns and make distributions.  Am I on the right track […]

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Would You Help Someone Die?

What would your reaction be if someone you loved asked you to help them die?  If someone was diagnosed with a terminal illness and the loved one was taking the necessary steps to acquire the medication necessary to end their life in their own timing, how would you feel?  It is becoming more available for […]

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Special Saturday Help from IRS Available Without an Appointment on April 9, 2022

As the federal tax filing deadline approaches later this month, the Internal Revenue Service announced that many Taxpayer Assistance Centers (TACs) will be open around the country this Saturday, April 9, 2022 for face-to-face help. This special Saturday help is available from 9 a.m. to 4 p.m., and no appointment is needed. Normally, TACs are […]

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2018 Federal Income Tax Refunds

Time to think – or to check – did you file a 2018 federal income tax return?  If not, might you be entitled to a refund?  Hmmmm, so now is the time to check your 2018 return.  Currently, there are over $39,000,000 in refunds due to an estimated 39,000 taxpayers in New Jersey, with Pennsylvania […]

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Credit Report Errors

When was the last time you checked your credit report?  Have you ever checked your credit report?  Do you know how to check your credit report?  With the pandemic, errors have doubled on credit reports.  Why?  Certain programs implemented during the pandemic, such as forbearance periods on federal student loans and federally backed mortgages, have […]

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