It’s Important to Review Your Estate Plan Every Three Years

When was the last time you reviewed your estate plan? If it has been a while, it’s a good idea for you to make sure that as your life changes, your estate plan keeps up. Morgan & DiSalvo highly recommends that our estate planning clients come in for an estate planning review at least every three years. A review gives us the opportunity to: Factor in important life changes It’s [...]

August 20th, 2019|

Local TV Personalities Get Themselves – and Their CPA – Indicted for Tax Related Crimes

Hot off the Atlanta presses: A Federal Grand Jury indicts Todd and Julie Chrisley of the “Chrisley Knows Best” reality TV show and their CPA on tax related crimes. At this point, they have not been convicted, but critical lessons can be learned nonetheless. It should be noted that the government has a very high conviction rate for those that are indicted for tax related crimes. Some quick background: The [...]

August 14th, 2019|

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, decides after the fact that his irrevocable trust agreement did not spell out his intention [...]

August 7th, 2019|

Incredible Funeral and Internment Benefits Available to Veterans

by Diane Weinberg “To care for him who shall have borne the battle and for his widow, and his orphan.” - Abraham Lincoln In keeping with Morgan & DiSalvo’s emphasis on the importance of planning for your end of life, we wanted to highlight some of the great funeral and burial benefits available to veterans and their families. The U.S. Department of Veterans Affairs (VA) offers veterans some amazing services [...]

July 24th, 2019|

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 found in a locked cabinet, and the third will (dated March 31, 2014) was found [...]

May 30th, 2019|

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 my loved (or not-so-loved) ones are gathered ‘round in rapt anticipation. The reality: It doesn’t [...]

February 7th, 2019|

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, the Trustees of non-grantor trusts have 65 days to distribute its trust income to pass [...]

January 31st, 2019|

Article on Burt Reynolds’s Will Contains Overly Broad Statements Regarding Trusts

 By Loraine M. DiSalvo, Morgan & DiSalvo, P.C. I was a Burt Reynolds fan since my dad took me to see “Smokey and the Bandit” way back when I was little, and I was sorry to hear of his death.  This article about Burt Reynolds's Will caught my eye, but I have some complaints about it. The article highlights some of the differences between a Will and a trust, and those statements are [...]

September 19th, 2018|

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. 

September 18th, 2018|

The “Queen of Soul,” Aretha Franklin, dies at age 76 with no will or trust in place.

By Allison L. Byrd, Morgan & DiSalvo, P.C.   Aretha Franklin, the “Queen of Soul” and a beloved American icon, died in her home on August 14, 2018, at age 76. Despite having achieved a reputation as one of the most talented vocalists in the world and having amassed an estate worth approximately $80 million, including the rights to many of her hit songs, Franklin reportedly died without a will [...]

August 24th, 2018|
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