About Richard Morgan

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So far Richard Morgan has created 41 blog entries.

Charitable Giving and Social Capital

“Social capital” is essentially money or other assets which will be used for activities which benefit either the government or society. When you pay taxes, you are involuntarily creating social capital, which will be spent as the government decides. With proper estate planning, you can reduce or eliminate wealth transfer taxes such as the estate, [...]

Goals of Estate Planning

1. To Select And Empower Trusted Individual(s) To Handle Your Affairs If You Become Incapacitated. Estate planning deals in part with providing for your own care and protection in the event that you suffer a long-term illness or injury at some point during your life, and are unable to handle your own affairs. If you [...]

2011 and 2012 May Be The Golden Gifting Years

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the “2010 Tax Act”) made a significant number of changes to the federal estate, gift, and generation-skipping transfer (“GST”) tax laws. One of the biggest changes is a massive increase in the federal lifetime gift tax exemption: this exemption rose from $1,000,000 for [...]

2016-04-01T15:27:12-04:00February 1st, 2011|2010 Tax Act, Articles, News|

The 2010 Tax Act Made A Number of Changes to the Federal Estate, Gift, and Generation Skipping Transfer Tax Laws – To What Extent Should Your Estate Plan Rely On Those Changes?

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "2010 Tax Act") made a significant number of changes to the federal estate, gift, and generation-skipping transfer ("GST") tax laws. One question which many of our clients have asked is "Do I need to make any changes to my existing estate planning [...]

2016-12-22T06:24:04-04:00January 1st, 2011|Articles, Gift Tax Planning, News|

You Need to Act Now if You Want to Take Advantage of Certain Year-End Estate & Tax Planning Opportunities!

As noted in the News Alert we sent out on December 20, 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“2010 Tax Act”) is now the law of the land, after having been signed by President Barack Obama on Friday, December 17, 2010. What does the 2010 Tax Act mean [...]

2016-04-01T15:35:44-04:00December 27th, 2010|2010 Tax Act, Articles, News, Newsletters|

Major (But Temporary) Changes Just Made to the Estate Tax, Gift Tax, and Generation-Skipping Transfer Tax Laws

Just past midnight on December 17, 2010, the federal House of Representatives voted to pass “The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (the “2010 Act”). This bill, which was the result of negotiations between the Obama administration and Senate Republicans, had already passed the Senate, was then signed into law [...]

Year End Planning Opportunities

As noted in the News Alert we sent out on December 20, 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“2010 Tax Act”) is now the law of the land, after having been signed by President Barack Obama on Friday, December 17, 2010.  What does the 2010 Tax Act mean [...]

The Time to Act is Now For Incredible Tax Planning Opportunities

What do you get when you mix low business, real estate, and other asset values with historically low interest rates and a historically low gift tax rate? Incredible tax planning opportunities! The economic turmoil which surrounds us today has caused many people to freeze, afraid to make changes to their assets. However, this same economic [...]

Collaborative Process – The New Alternative Legal Process for Amicably Resolving Disputes

As we discussed in our July 2010 newsletter, disputes relating to probate, or to the administration of an estate or trust, can and often do arise, and the traditional ways for resolving such disputes can each be less than fully satisfying. Estate and trust related disputes should be handled carefully, to help minimize the emotional [...]

2016-12-22T06:24:06-04:00August 25th, 2010|Articles, News|