The Perfect Storm for Advanced Estate Planning (Part 2)

In Part 1 of this newsletter series on “The Perfect Storm for Advanced Estate Planning,” we discussed how right now may be the perfect time to undertake advanced estate planning transactions. Why? The reasons include historically low interest rates, relatively low and volatile asset valuations, and an expectation of higher taxation on the horizon. In [...]

2020-06-17T15:21:41-04:00June 17th, 2020|Articles, Blog, Estate Planning, News, Tax Planning|

The Perfect Storm for Advanced Estate Planning (Part 1)

Now is the time to undertake advanced estate planning! The last time we made a call-to-action with this level of conviction to undertake more advanced estate planning was in late 2011 when interest rates began hitting historical lows. Well, we are hitting historically low interest rates again, and the interest rates for June 2020 are [...]

2020-05-27T11:05:46-04:00May 19th, 2020|Articles, Blog, Estate Planning, News, Tax Planning|

SECURE Act Q&A: What You Need to Know
(Updated May 8, 2020)

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.

2020-05-21T07:09:37-04:00April 27th, 2020|Articles, Estate Planning, News, Retirement Planning, SECURE Act|

SECURE Act Quick Assessment Tool
(Updated May 8, 2020)

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.

2020-05-21T07:08:07-04:00April 27th, 2020|Articles, Estate Planning, News, Roth IRAs, SECURE Act, Trusts|

SECURE Act Self-Assessment Tool / Full Discussion Version
(Updated May 8, 2020)

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”).

2020-05-21T07:18:53-04:00April 27th, 2020|Articles, Estate Planning, News, SECURE Act|

Top Six Estate and Tax Planning Steps to Consider Before the End of 2019

This installment of our The Passionate Estate Planner newsletter will review what we at Morgan & DiSalvo consider to be the top six Estate and Tax Planning steps you should consider taking before the end of 2019. This list is not comprehensive, and we still recommend that you seek guidance from your CPA or other [...]

2019-12-11T17:00:57-05:00December 9th, 2019|Articles, Estate Planning, News, Newsletters, Tax Planning|

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|

Ten Common Myths About Estate Planning

Having a professionally prepared estate plan is a crucial part of planning for the future. A well-crafted Will-based or Trust-based plan can provide security and other protections for one’s beneficiaries, can help to avoid significant expense and inconvenience to them, and can provide peace of mind to the person making the plan.

2019-01-30T13:21:05-05:00January 21st, 2019|Articles, Estate Planning, News, Newsletters|