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.
Fulton County voters recently approved an additional Homestead Exemption beginning in 2026 for those that are aged 65 – 69 and an even higher exemption for those aged 70 or more from the Fulton County Schools portion of your property taxes on your primary residence.
If a mortgage holder dies, the mortgage company will need to be notified of the person’s death and that estate proceedings are underway.
Q&A with Loraine: How do I respond to the mortgage loan people about the house? Read More »
