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A Time for Thanks and Community

November 23, 2023 by Ronald "Chip" Morrison

Thanksgiving is a time for giving thanks and for community with family and friends. While this year may have been a difficult year for some of us, there is still much for which we can be grateful. As we gather around the Thanksgiving table with our loved ones, let’s be grateful for the food on our table and the companionship of our loved ones around us. We give thanks for the many blessings we have. Thanksgiving is a good time to thank those whom you’ve asked to play a role in your … [Read more...]

Tips For Widows/Widowers

November 2, 2023 by Ronald "Chip" Morrison

Losing a spouse can be emotionally challenging. During this difficult time, managing finances can become overwhelming. Here are some tips for widows or widowers dealing with financial matters after the death of a spouse: Not all this information may be applied to your own situation, but it’s a helpful reminder about the many elements of finances that need to be addressed after a loved one dies. Morrison Law Group, PLC has devoted its practice to estate planning and elder law matters … [Read more...]

Assignment and Nominee

October 30, 2023 by Ronald "Chip" Morrison

Funding a trust is critical when you have a trust-based estate plan. A trust is a receptacle, like a box. Before you fund the trust, it’s like the box is empty. You fund a trust by retitling assets into the name of the trust. Let’s say you have several items that you want in the trust. Let’s say you have items A, B, C, and D that you want to go to the trust. Let’s say you fund assets A, B, and C to the trust, but forget about item D. Maybe it’s an asset you don’t see frequently and it … [Read more...]

To My Dog, Lucky, I leave $10,000

October 27, 2023 by Ronald "Chip" Morrison

Since the dawn of time, pets have held an important place in our hearts and our homes. Ancient Egyptians used to mummify faithful pets and have them buried with themselves. This was a dubious honor for the pet. Even in modern America, people have attempted to take their pets with them. For example, Mary Murphy died in 1979, leaving $200,000 to Pets Unlimited, a shelter for pets. However, the more controversial provision in her Will was her command that her pet collie, Sido, be euthanized. The … [Read more...]

Building Flexibility into Your Plan

October 24, 2023 by Ronald "Chip" Morrison

When you prepare your estate plan, typically there are formalities required. In most states, a Will must be signed by the testator (the person whose property is governed by the Will) and that signature must be witnessed by two people. The rules vary a little from state to state. For example, in some states, three witnesses are required. In other states, a Will need not be witnessed by others, as long as it is entirely in the handwriting of the testator and signed by the testator at the end … [Read more...]

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