The studies on the links between money / wealth and happiness are digging deeper and deeper. Previous studies found that we need a certain amount of money and wealth to be happy or we end up worried about providing for our and our family’s needs. At least one study found that happiness increased as income [...]
The week of October 20 – 25, 2014 Is National Estate Planning Awareness Week and the ABA Real Property Trust & Estate Law Section is helping to raise awareness of the need for estate planning with a FREE webinar for the non-lawyer public called Estate Planning: How to Get Going and Why Not to Do [...]
The estate planning attorneys at Morgan & DiSalvo, PC, announced today that Richard M. Morgan and Loraine M. DiSalvo have been named as 2014 Five Star Wealth Managers by Atlanta magazine, a level of excellence achieved by fewer than 7% of the wealth managers in the area. Their selection is the result of a rigorous [...]
Diane Weinberg of Morgan & DiSalvo, PC will be a featured speaker at the Georgia National Association of Elder Law Attorneys (NAELA) Fall Workshop to be held October 10, 2014 at the Marriott Hotel in Macon. Diane’s session is titled VA/Medicaid Workshop. The workshop will focus on the interplay and intricacies of Medicaid and VA [...]
This is a common client question, and the answer is that it depends. For some, discussing finances with their family is natural and for others it would be like going to the dentist for a root canal. Each family is unique, but when done, can be very beneficial for the family. For an excellent discussion [...]
We receive a lot of calls from people who are trying to deal with the death of a loved one. Not only are they grieving for the loss of a family member or friend, but they are also overwhelmed by the actual process of having to gather that person’s stuff. They don’t know where that [...]
The law firm of Morgan & DiSalvo, P.C. in Alpharetta, GA is pleased to announce that Richard M. Morgan was recently selected again by his peers for inclusion in The Best Lawyers in America© 2015 in the practice area of Trusts and Estates. Since it was first published in 1983, Best Lawyers® has become universally [...]
Updates to Blogs Past: Current Medicaid Eligibility and the Spirit (Really, the Corpse) of Casey Kasem
By Diane Weinberg The world of Elder Law is fluid; I always describe the practice as working with “shifting sand.” With that in mind, we already have updates to two of our recent blog posts: 1) “Medicaid Moved the Cheese,” posted on July 8, 2014. Well, Medicaid didn’t actually move the cheese. Medicaid planned to [...]
Important Tax Court Case Dealing with the Valuation of a Business: Buy-Sell Agreements, Employment Agreements and Initial Appraisals do matter, but not necessarily in the way you may think.
By Richard M. Morgan The Tax Court in the recent Adell v. Comm. Case has made some very interesting determinations that will help in planning for the valuation of closely-held business interests. Estate of Franklin Z. Adell, Deceased, v. Commissioner of Internal Revenue, T.C. Memo. 2014-155 (August 4, 2014). At the outset, it is important [...]
Shifting business opportunities: An incredible strategy to shift wealth and income to other family members if you have or create the right facts.
By Richard M. Morgan The recent Tax Court case, Bross Trucking v Commissioner, illustrates the type of facts needed to shift business opportunities that would otherwise go to an existing business entity. In this case, a trucking company was in trouble with various federal regulatory agencies and wanted to have the business continue under the [...]