At what age should I start thinking about my estate plan? This is one of the most common questions people ask us at Morris Hall PLLC. Although there is not a specific age per se, the answer is rather simple. Any adult who has assets they would like to protect should have some form of estate plan in … [Read more...] about Essential Steps for Creating an Estate Plan
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What to Know About 401K’s and IRA’s
At Morris Hall, we know that a secure future hinges on our current preparation. A small amount of time and effort now can lead to considerable benefits later down the road. Many systems have been put into place to help individuals achieve peace of mind as they age and when speaking towards financial … [Read more...] about What to Know About 401K’s and IRA’s
How to Prepare for Estate Planning Under the SECURE Act
On January 1, 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act took effect. It has become the largest retirement reform to have an impact on the economy since the Pension Protection Act of 2006 was enacted. The SECURE Act was first drafted to address the difficulty many … [Read more...] about How to Prepare for Estate Planning Under the SECURE Act
What You Need to Know About Asset Protection
It may seem like a grim subject but preparing for what happens after you pass away is crucial to protecting your legacy and your family. No matter how little or grand your assets are, the fact is you’ve worked a lifetime to accumulate what you have and it’s important protection it for those you … [Read more...] about What You Need to Know About Asset Protection
Power of Attorney: What You Need to Know
When it comes to planning your estate, one of the most critical tools to bear in mind is the power of attorney. You may be familiar with the term but have not had the opportunity to inquire about setting one up, or about its duration and effectiveness. A power of attorney is a document drawn up by … [Read more...] about Power of Attorney: What You Need to Know
Estate Planning Best Practices
Establishing an estate plan is an exercise that each of us is going to have to tackle at some point in our lives. It becomes more important with every passing year as our assets and legacy grow. Creating an effective and ironclad estate plan is not an easy venture, as it must accomplish multiple … [Read more...] about Estate Planning Best Practices
Joint Tenancy Problems in Estate Planning
Sometimes people use Joint Tenancy as an easy, simple way to do Estate Planning. However, this can have serious, unexpected drawbacks. Read on to learn more. … [Read more...] about Joint Tenancy Problems in Estate Planning
Biden Administration Could Reduce Estate Tax Exclusion
Runoff Elections in Georgia resulted in a Senate controlled by Democrats. Could this impact your Estate Planning? It’s possible. Read on to learn more. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion
Problems with Joint Tenancy
Although joint tenancy offers some short-term conveniences, in the long run it poses a host of problems that can cost you and your loved ones multiple times the expense and headaches that you thought you were avoiding. For the vast majority of American couples, “till death do us part” also means, … [Read more...] about Problems with Joint Tenancy
Dynasty Trusts
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more. … [Read more...] about Dynasty Trusts
