Every kind of retirement benefit will have a separate eligibility age and your age can play a big role in how much you will be able to get from social security and what you’d need to do to avoid retirement account penalties. Consider these important ages in your retirement plan to make sure that you […]

In the United States, you are eligible to tap into something called a federal lifetime exclusion which is a specific dollar amount specified by the IRS that can help to minimize your estate tax liability when a person passes away. The vast majority of people will use their federal lifetime exclusion at death; however, you […]

Whether you’ve recently reached adulthood, are starting your mily, reaching retirement, or approaching some other major milestone in life, there’s a pretty good chance that it’s time to contact Morton Law Firm, PLLC for your Estate Planning needs. Don’t believe it? Check out these reasons: Estate planning knowledge is specialized. While you might have great insight […]

A person’s inability to manage their own legal, health care, financial and property decisions can lead to the authorization of someone else to serve in a representative capacity. When it comes to a trust, this individual might be known as your successor trustee. Agents under your power of attorney document for finances, legal affairs, advanced […]

Many people were prompted to write or update their wills in response to the Covid-19 pandemic, which is an important step in the estate planning process. All people will one day be asked to put those wills into effect. Those important people are known as executors or personal representatives. These are the friends or relatives […]

The passing of a loved one presents unique emotional challenges related to grief as well as issues of how to handle their administrative affairs in the short term. Once someone has been appointed to handle the administration of probate, that executor will be the person responsible for closing out the estate and taking actions on […]

By Clare Ansberry June 14, 2021 Nick Clement, 78, spent the last 10 years caring for his wife, Lucy, who had a progressive dementia called Lewy body as well as Alzheimer’s. As her condition worsened, his two daughters worried about the toll it was taking on their dad and wanted him to get more in-home […]

If you have a springing power of attorney document, this means that the document becomes active when you are incapacitated. One of the leading reasons why people choose a springing power of attorney is that it only becomes active in certain situations. However, if your power of attorney document requires that you be incapacitated for […]

When thinking about your estate plan, you must consider what might happen to you or your loved ones if you were no longer able to care for yourself. This is an increasingly common situation as it relates to caregiving for adult children today. Emotional and financial stress can represent significant changes in their life so […]

Retiring early might be something you’ve thought about for years and in fact, you’re already envisioning how you’ll spend your days. But retiring early requires advance planning of some of the complex factors associated with leaving the workforce before age 65. Studies from the Employee Benefit Research Institute show that only 11% of workers today […]