For those that read our previously recommended book by Peter Zeihan, "The Accidental Superpower," you already know that Zeihan uses logic, science (such as geography and demographics), and history to enable us to see and understand the likely future. After reading his first book a few years ago, I was not shocked when China started [...]
The IRS recently published IRS Information Letter 2016-0071. This Information Letter discusses rules that apply to anyone who has inherited an IRA account or other tax-deferred retirement savings account (which we will collectively refer to as “IRA accounts” for convenience in this post), and who is not the surviving spouse of the original IRA account [...]
Shortly after creating our post on the importance of relationships to one's happiness, we spotted another article that pointed out "The 11 Habits of Truly Happy People," which discusses steps people can take in addition to improving the number and quality of their happiness-creating relationships. We thought we should share this article as well. It [...]
Periodically, we come across new research that looks into what makes people happy. When we find it, we often like to share that research with clients and others. Today, we bring you a really insightful article that was recently published in the Wall Street Journal. You can see the original article here: http://blogs.wsj.com/experts/2016/11/27/what-really-makes-retirees-happy-hint-it-isnt-the-money/ Just to [...]
On September 14, 2016, Richard Morgan was part of a panel discussion at the monthly meeting of the Estate Planning & Probate Section of the Atlanta Bar Association. The general topic of the discussion was Revocable Living Trusts (RLTs) versus Wills. The panelists tried to help attendees consider the actual advantages and disadvantages of using [...]
Morgan and DiSalvo, P.C. Achieves Highest Metro Tier 1 Ranking from U.S. News & World Report and Best Lawyers
Morgan and DiSalvo, P.C. is pleased to announce that the firm has been named to the 2017 Edition of the “Best Law Firms” rankings as a Tier 1 regional practice in Trusts and Estates by U.S. News & World Report and Best Lawyers®. Firms included in the 2017 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings from clients and peers.
NEWS ALERT: The IRS Just Confirmed That a QTIP Election Can Be Used With a Portability Election, Answering a Question That Has Existed Since 2010
The IRS recently answered a question that has existed for nearly six years now: whether Revenue Procedure 2001-38 would end up preventing the intentional use of a QTIP trust as part of planning aimed at using the new portability election to have a deceased spouse's Basic Exclusion Amount transferred to a surviving spouse.
The Not-So-Obvious Reasons that Estate, Trust, Conservatorship, and Guardianship Related Disputes Are Going to Explode in Number in the Future
Common sense tells us that, as the number of older people in our country increases, the need for estate planning, trust planning, conservatorships, and guardianships will increase. Common sense also tells us that a increase in these matters will tend to result in an increase in the number of disputes related to estates, trusts, conservatorships, [...]
Beginning with the 2016 tax year (i.e., for Georgia income tax returns filed in 2017), the 529 Plan contribution income tax deduction for married couples filing jointly has doubled from a maximum of $2,000 per beneficiary account to a maximum of $4,000 per beneficiary account. When considering Georgia's flat 6% income tax rate, this will [...]
Morgan and DiSalvo, P.C. Partner, Richard M. Morgan, Named to Best Lawyers® List for Fifth Consecutive Year
Morgan and DiSalvo, P.C. is pleased to announce that Richard M. Morgan has been named to the 2017 Edition of The Best Lawyers in America in the practice area of Trusts and Estates. Best Lawyers in America is the oldest and one of the most respected peer-review publications in the legal profession. Best Lawyers has published the [...]