Blog & Publications

Medicaid Planning and Asset Protection: With potential changes in Medicaid regulations, it’s essential to develop strategies to protect assets while ensuring eligibility for long-term care benefits. Establishing Medicaid Asset Protection Trusts (MAPTs) can be an effective approach.

As Medicaid regulations continue to evolve, it’s crucial to safeguard your assets while maintaining eligibility for long-term care benefits. One effective strategy is to consider establishing Medicaid Asset Protection Trusts (MAPTs) to secure your financial future.

Read More »

Planning for Incapacity with Advance Directives: Creating documents like durable powers of attorney and healthcare proxies ensures that individuals’ financial and medical decisions are handled according to their wishes in the event of incapacity.

Planning for incapacity is a crucial step in ensuring your financial and medical wishes are upheld. Creating advance directives like durable powers of attorney and healthcare proxies can provide peace of mind for the future.

Read More »

Charitable Giving Strategies in Estate Planning: Incorporating charitable donations can fulfill philanthropic goals and provide tax advantages, benefiting both the estate and the chosen charities.

Estate planning isn’t just about passing on assets – it’s an opportunity to leave a lasting impact through charitable giving. By incorporating donations into your plan, you can support causes you care about while maximizing tax benefits for your estate and the charities you support.

Read More »

Anticipated Reduction in Federal Estate Tax Exemption: The federal estate tax exemption is scheduled to decrease from approximately $13.99 million to around $7 million per individual after December 31, 2025. It’s crucial to explore strategies to utilize the current higher exemption before it reverts to lower levels.

As the federal estate tax exemption is expected to shrink drastically by 2026, individuals are urged to take advantage of the current higher limit to shield their assets. Explore strategies before time runs out.

Read More »

New York Estate Tax ‘Cliff’ and Planning Strategies: New York imposes an estate tax with a “cliff” effect, where exceeding the exemption amount by more than 5% results in taxation of the entire estate. Implementing planning techniques, such as charitable bequests or gifting strategies, can help mitigate this impact.

Navigating the New York Estate Tax ‘Cliff’ can be complex, but with strategic planning, the impact can be softened. By utilizing techniques like charitable bequests and gifting strategies, individuals can safeguard their estate from hefty taxation.

Read More »

About Our Firm

Our firm provides legal representation in all areas of immigration, consumer advocacy, debt collector harassment, corporate formations, business sales, bankruptcy, commercial litigation, and consumer and commercial real estate transactions. In addition, the Morgan Legal Group P.C. has represented individuals who the conduct of others and corporations has harmed.

Got a Problem? Consult With Us

Give us a call or schedule a virtual appointment.

Practice Areas