Who Are Your Grandchildren Under Your Estate Planning Documents?

by Richard M. Morgan As can be seen in the case of actress Elizabeth Hurley's son, Damian Hurley, a child born out-of-wedlock to Peter Bing's son, Steve Bing, it clearly depends on the wording in the particular estate planning document. This is case where a trust creator, Peter Bing, who happens to be a multi-billionaire, [...]

2019-08-07T09:21:00-04:00August 7th, 2019|Blog|

The Queen of Soul May Have Had a Will After All

By Allison L. Byrd, Morgan & DiSalvo, P.C. In early May 2019, three hand-written ("holographic") wills purportedly written by Aretha Franklin were found in the late vocalist's home. The wills were discovered by Sabrina Owens, the personal representative of Ms. Franklin's estate. Two of the wills (dated June 21, 2010 and October 20, 2010) were [...]

2019-06-03T08:46:10-04:00May 30th, 2019|Blog|

Estate Planning and the Myths of the Movies

By Allison Byrd In our January issue of “The Passionate Estate Planner,” we addressed ten common myths about estate planning. A classic misconception perpetuated in the movies, and number two on our list, is how a Will is read: The myth: My attorney will read my Will aloud in a musty, mahogany-paneled room, while [...]

2019-02-13T09:04:47-05:00February 7th, 2019|Blog, Estate Planning, Wills|

Have an Irrevocable Trust? Have lunch with your accountant in the first 65 days of the year!

By Diane Weinberg, Morgan & DiSalvo, P.C. With the turning of the year and our progression into spring, our thoughts turn gently to the upcoming income tax season and to the 65-day deadline for determining how much income must be distributed from your non-grantor, irrevocable trust for the prior tax year. For each tax year, [...]

2020-02-03T14:58:17-05:00January 31st, 2019|Blog, Irrevocable Trusts|

The Department of Community Health Introduces the Elderly and Disabled Waiver Program

July 2018 saw another significant change in the Medicaid waiver programs. Medicaid introduced the Elderly and Disabled Waiver Program, which will replace both the Community Care Services Program (CCSP) and the Services Options Using Resources in a Community Environment (SOURCE). CCSP and SOURCE were Medicaid waiver programs that helped individuals at risk for going into a nursing home live at home or in the community while receiving the services that they need. 

2018-11-14T10:08:46-05:00September 18th, 2018|Blog, Elder & Special Needs Planning|