Richard Morgan discusses recent changes to the SECURE Act and their impact on your estate plan. Topics covered include: What did the SECURE Act do? What were the major changes to the RMD rules? Who qualifies as an EDB? What are the types of trusts for RMD purposes? How do I know [...]
by Diane Weinberg This video blog addresses some of the common questions I receive about guardianships and conservatorships. Please note that this information is specific to the state of Georgia. If you live in a different state, you may find it broadly informative, but you should consult an attorney in your state [...]
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted on December 20, 2019 and is now the law. While its primary goal was to encourage people to save more for retirement, it also attempts to cover the tax shortfall that will be caused by the Act’s taxpayer-friendly provisions, and that is where the problems arise.
What is this? This Quick Assessment Tool can be used to get a generalized answer as to how to deal with the Setting Every Community Up for Retirement Enhancement (SECURE) Act effects on your IRA and Qualified Retirement Plan (“retirement plan”) accounts under your estate plan (“EP”). We still recommend that you review both the Secure Act Q&A and Secure Act Self-Assessment Tool / Full Discussion documents to better understand the issues and the most viable options in your situation.
As you are likely aware, Congress enacted legislation on December 20, 2019, commonly referred to as the Setting Every Community Up for Retirement Enhancement (SECURE) Act, that significantly changed the income taxation of retirement plan accounts, including Individual Retirement Accounts (“IRAs”) and Qualified Retirement Plans (“QPs”), after the death of the account owner/participant (“participant”).
Diane Weinberg Talks Planning Documents on the Money Savage Podcast, In this episode with host George Grombacher, Attorney of Counsel Diane Weinberg discusses the legal documents needed to protect seniors and those who have special needs, the risks faced if they don't have them and how it all fits together.
Greater Atlanta Firm Recognized for Eighth Consecutive Year in the Specialty of Trusts and Estates Law Alpharetta, GA. November 1, 2019 – For the eighth consecutive year, Morgan and DiSalvo, P.C. has received a Tier 1 ranking in Trusts & Estates Law by U.S. News – Best Lawyers® “Best Law Firms,” representing the Greater Atlanta [...]
Martha Jo "Marty" Wagner, Esq., an attorney with Kilpatrick Townsend & Stockton LLP, gave me one of the best pieces of advice I ever received. I worked with Marty when I was a young associate at that firm more than two decades ago. When we started working together, she advised me to assume that everything she told me about the law was wrong until I had verified the statutes and regulations myself.
Morgan and DiSalvo, P.C., Partners Richard M. Morgan and Loraine M. DiSalvo Named Five Star Investment Professionals for Eighth Consecutive Year
National Award Program Recognizes Alpharetta Estate Planning Attorneys as Outstanding in Their Field Atlanta, GA – October 1, 2019 – Morgan and DiSalvo, P.C., is pleased to announce that Richard M. Morgan and Loraine M. DiSalvo have each received the 2019 Five Star Investment Professional Award for the eighth time. The Five Star Investment Professional [...]
by Diane Weinberg, Esq. People hearing the term “Medicaid” often associate this word with a government program that provides medical services to individuals with low income. Medicaid1 encompasses a series of programs that provide more than just medical insurance for an indigent population. Georgia offers over 30 types of Medicaid programs, called classes of assistance [...]