Articles2016-12-22T06:23:33-04:00

Articles

Why All College Students Need Two Legal Documents

By Richard M. Morgan Fellow, The American College of Trust and Estate Counsel (ACTEC) Morgan & DiSalvo, P.C. Each year, more than 250,000 parents of young adults between 18 and 25 receive the dreaded call that their young adult has been injured and is in the hospital. Parents of college students who are miles or even a continent away can feel particularly helpless when they receive the call. However, having [...]

May 23rd, 2019|

Ethical Wills Revisited 2019: Beyond dollars and cents, what you really want to communicate to your loved ones

Wills, trusts, powers of attorney, and advance directives for health care are all legal documents which deal with your assets and your health. These are important estate planning documents, and you should work with an experienced and competent estate planning attorney to create them. However, there is another important estate planning document, which is not a legal document, and which can only be created by you: an “Ethical Will.” We [...]

April 23rd, 2019|

Reconsidering Your End of Life: Quality vs. Quantity?

By Richard M. Morgan Over the years, ethics in medicine has become a more important topic. Medical science has found ways to enable people to live longer, but at what cost in quality of life, family time, and resources? One question that has been asked is, just because medical science can keep you alive for some additional months or so, do you actually want to undertake what this entails to [...]

March 18th, 2019|

Here we go again: Politicians Considering Radical Changes to the Estate Tax! What are the likely outcomes and what should you do about it?

by Richard M. Morgan Estate planners are life-long learners, as we need to keep up with ever changing laws, especially tax laws. Because we deal with constant change, we often yearn for stability in the law, regardless of the laws being good or bad from a public policy perspective. Well, we got some stability beginning in 2013, from the passage of the 2012 Tax Act. It was nice, but it [...]

February 21st, 2019|

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.

January 21st, 2019|

Watch Now: Look Before You Leap

Our first video edition of "The Passionate Estate Planner" highlights the new 20% tax deduction for qualified business income. In less than 3.5 minutes, Richard Morgan shares the impact of this important provision in the 2017 "Trump" Tax Act. Who benefits? Who doesn't? Click on the picture below to watch and find out...  

October 23rd, 2018|

Thinking Through the Need, Ability and Process to Modify an Irrevocable Trust

Consider what changes are needed to achieve desired goals. This is the up-front analysis that may need some significant and deep thought. This is not considering the type of legal process, but considering the technical changes needed to achieve the desired outcome. For example, if a trust is considered to be a grantor trust for income tax purposes, but non-grantor trust status is desired, all of the trust's provisions and [...]

July 28th, 2018|
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