Question: What tax am I liable for if my mother passes away and her house is to be sold and split between her four daughters? Loraine’s Answer: I’m going to assume that (A) your mother
As Masters of Trusts, Richard Morgan, Partner at Morgan & DiSalvo, P.C., discusses the importance of experience, context and human judgment (the things technology simply can’t replicate).
What Happens After Someone Passes Away? An Estate Planning Attorney Explains Read More »
For income tax purposes, trusts fall into one of two broad categories: “grantor” trusts, which are treated as if they are another party for income tax purposes (who is generally, but not always, the creator, a/k/a the “grantor”, of the trust), and “non-grantor” trusts.
If an automobile is owned by spouses as “joint tenants,” it will automatically pass to the surviving spouse when one spouse dies.
The big news for estate planning in 2026 is that the higher estate tax exemption limits introduced by the 2017 Tax Cuts and Jobs Act did not sunset at
What’s New in Estate Planning for 2026 Read More »
As Masters of Trusts, Richard Morgan, Partner at Morgan & DiSalvo, P.C., discusses the importance of experience, context and human judgment (the things technology simply can’t replicate).
The Difference Between Us and Other Lawyers | Morgan & DiSalvo, P.C. Read More »
As Masters of Trusts, Richard Morgan, Partner at Morgan & DiSalvo, P.C., discusses the importance of experience, context and human judgment (the things technology simply can’t replicate).
The Atom Bomb Clause: Why We Explore ALL Factors | Morgan & DiSalvo, P.C. Read More »
If a beneficiary in a Will dies, what happens to his or her inheritance depends on how the Will is written.
