About Preston Morgan

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So far Preston Morgan has created 61 blog entries.

Dear Counselor: Need options as father’s condition worsens

Question: My 80-year-old father had some seizures a few months ago. Doctors treated him at the hospital. Since then, he has had lapses in short-term memory. His long-term memory is still all right, but his retention of ordinary day-to-day matters is weak. He knows that he has lost some functionality, and he has become frustrated [...]

By |2019-11-04T20:15:15-08:00November 4th, 2019|Dear Counselor, Uncategorized|0 Comments

Dear Counselor: How about a DIY will?

Question: I am trying to figure out the best way to leave money to my children without having to spend a lot of money on a lawyer. I have a pension that will stop when I die, a moderate retirement account, and some checking and savings accounts. I have two children, and I intend to [...]

By |2019-11-04T20:15:24-08:00October 3rd, 2019|Dear Counselor|Comments Off on Dear Counselor: How about a DIY will?

Dear Counselor Staying on the right legal path

Question: I own a small piece of vacation property up on the coast that I inherited a few years ago. My aunt lived there, and my wife and I stayed up there for a while until we permanently moved down to Davis. We have put the house up on rental websites like AirBnB, and we [...]

By |2019-11-04T20:15:33-08:00September 5th, 2019|Dear Counselor|Comments Off on Dear Counselor Staying on the right legal path

Dear Counselor: Keeping the kids’ money safe

Question: My mother recently passed away, and she named me as the executor of her estate. In her will, she left behind some money for my two kids. She said that she wanted the gifts to be held in a custodial account with me as custodian. The remainder of her property, which wasn’t all that [...]

By |2019-08-06T17:11:21-08:00August 1st, 2019|Dear Counselor|Comments Off on Dear Counselor: Keeping the kids’ money safe

Dear Counselor: Getting all that financial paperwork in order

Question: My parents created an estate plan with an attorney about 12 years ago. As part of their estate plan, they created a living trust and other documents. They talked to me about becoming successor trustee when they both pass away, and I told them that I would do it. I have only seen the [...]

By |2019-08-06T17:11:37-08:00July 4th, 2019|Dear Counselor|Comments Off on Dear Counselor: Getting all that financial paperwork in order

Dear Counselor: It’s Not Common In This State

Question: I have been living with my boyfriend for a few years now. We both have been through divorces and both have grown children from our first marriages. Even though we have discussed the possibility of getting married, it seems like we aren’t in any rush to get into anything. He recently inherited some money [...]

By |2019-08-06T17:11:45-08:00July 3rd, 2019|Uncategorized|Comments Off on Dear Counselor: It’s Not Common In This State

Dear Counselor: Can You Quit Your Job To Avoid Child Support?

Question: My daughter and her husband are starting to go through a divorce. They both work, but he is something of a workaholic. His intense work schedule has put a real strain on the marriage. They started their divorce discussion by talking about what kind of parenting schedule they should have for the kids. They [...]

By |2019-08-06T17:11:55-08:00May 23rd, 2019|Dear Counselor|Comments Off on Dear Counselor: Can You Quit Your Job To Avoid Child Support?

Dear Counselor: The best way to pass on an IRA

Question: Right now, I have planned to leave my Individual Retirement Account to my son. I assume that he will outlive me, since he’s in his late 50s while I’m pushing 85. But I am wondering whether this is the best choice. He and his wife have been doing pretty well, and they have a [...]

By |2019-05-02T15:24:05-08:00April 27th, 2019|Dear Counselor|Comments Off on Dear Counselor: The best way to pass on an IRA

Dear Counselor: Keeping the split civil

Question: My husband and I have been married for a little more than twenty years. We have acquired a fair amount of property over the years. We both worked and have decent retirements, although his is quite a bit more than mine. About six years ago, I inherited some money from my parents, and I used [...]

By |2019-05-02T15:21:27-08:00April 13th, 2019|Dear Counselor|Comments Off on Dear Counselor: Keeping the split civil