Morrison Law Group, PLC

Most spouses create intertwined estate plans. The plans work well on numerous levels, allowing the spouses to benefit the surviving spouse and then distribute their joint assets to their children upon the survivor's death. Even in a second marriage situation, the first spouse can die to create a trust benefitting the surviving spouse for life but then go to children from a prior relationship upon the surviving spouse’s death. What happens when two spouses die at the same time or so close in time … [Read more...]

When Bruce Willis announced his retirement from acting because of aphasia, it sent shockwaves through Hollywood and across the country. Just a few weeks ago, Bruce’s family indicated that the disease had progressed to frontotemporal dementia, highlighting the importance of incapacity planning. While Estate Planning typically focuses on planning for what happens at death, a comprehensive Estate Plan includes provisions regarding what happens during life should an individual become incapacitated. … [Read more...]

As the Baby Boomer Generation retires and eventually dies, the most significant transfer of wealth will occur, and according to many sources, it will dwarf any prior wealth transfer. This transfer gives those anticipated to inherit the wealth an excellent opportunity to open the lines of communication with their families to plan for the shift that has already started. Read on to learn more. … [Read more...]