News & Articles2017-06-15T13:32:30-04:00

News & Articles

Planning Assets for Blended Families

This is Richard Morgan at Morgan and Disalvo. Another in our series of back to the basics video series. This one is a very common topic, and that is planning for a blended family. What's a blended family? They have at least one spouse that's married more than once, and there's children by a prior marriage, either one or both. So here's what happens: clients come in, they [...]

March 12th, 2019|

Passing Assets to Surviving Spouse: Do I Need to Pass the Assets in Trust for Tax Reasons?

It's Richard Morgan at Morgan and DiSalvo. Another of our video newsletters. This topic relates to the question of whether a married couple, whether the first spouse to die should pass their assets to the surviving spouse, in trust, to gain a tax advantage. Let's talk about why this is even an issue. Under the estate tax system, both spouses get an exemption from the estate tax. Before [...]

March 12th, 2019|

Married Couples: How to Pass Assets to the Surviving Spouse

Hello, this is Richard Morgan at Morgan and DiSalvo. This is part of our Back to the Basis video newsletter series. This question is for married couples and how to pass the assets at the first spouse's death when they want to pass those assets primarily to the surviving spouse. How do we do that? There are two options. Option number one, we keep it simple. We just [...]

March 12th, 2019|

Married Couples with Children: 3 Critical Questions

It's Richard Morgan of Morgan and DiSalvo. This is our Back to the Basics Video Newsletter series. If we have a husband and wife in our office and the question becomes what is the intent? How do we want to pass the assets? Probably 90%, not all, but 90% of our clients were husband and wife, it's the first marriage or the same kids. What they're gonna ask [...]

March 12th, 2019|

Selecting a Fiduciary

Hello. This is Richard Morgan at Morgan and Disalvo. Another in our Back to the Basics video series. This is a very important topic, choice of fiduciaries. Fiduciaries are someone who's in charge of different aspects of your estate plan. There is the financial power of attorney agent, the one who helps you handle your financial affairs if you need assistance while you're alive. There's the executor of [...]

March 12th, 2019|

Advanced Directive for Healthcare

It's Richard Morgan at Morgan and DiSalvo, another back to the basics, a video newsletter series. Another important topic on the advanced directive for healthcare. This is the document where you appoint an agent to assist you with any of your non-financial related matters, your healthcare issues. Deal with doctors and hospitals, the health insurance companies, they're a HIPAA representative. They get your healthcare information so they can [...]

March 12th, 2019|

Financial Power of Attorney

It's Richard Morgan, at Morgan and DiSalvo, with another of our Back to the Basics video newsletters on a very important topic: the Georgia financial power of attorney form. So, one of the basic documents that you need, everyone needs, as part of their base estate plan is a financial power of attorney. That document allows your agent, the person you choose, to handle your financial affairs for [...]

March 12th, 2019|

Contingent Beneficiaries

It's Richard Morgan at Morgan and DiSalvo, another in our series of back to the basics video newsletters. This topic is on contingent beneficiaries. These are the individuals, or charities, that will get the assets if all your primary beneficiaries are gone, but assets are left. So what does that mean? Let's say you're married, not married, you have kids, whatever, so all these people are gone. There's [...]

March 11th, 2019|

Third Party Asset Protection

Hello, this is Richard Morgan at Morgan and Disalvo, and this is part of our back to the basics video newsletter series. This topic is third-party asset protection. There are two types of asset protection, there's first party asset protection, and third-party asset protection. First party asset protection is the desire to protect your assets from your problems. Third party asset protection is your desire to protect your [...]

March 11th, 2019|

What is a Trust?

Hello, this is Richard Morgan at Morgan and DiSalvo. This is part of our Back to the Basics Newsletter Series. The topic right now is going to be, what is a trust? Estate planners like ourselves use trusts like a Swiss army knife. It's a fungible thing kind of like a LLC business entity. We can make it sing and dance and do whatever we want it to [...]

March 11th, 2019|
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