About Preston Morgan

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So far Preston Morgan has created 57 blog entries.

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 |2019-08-06T17:11:21-07:00August 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 |2019-08-06T17:11:37-07:00July 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 |2019-08-06T17:11:45-07:00July 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 |2019-08-06T17:11:55-07:00May 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 |2019-05-02T15:24:05-07:00April 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 |2019-05-02T15:21:27-07:00April 13th, 2019|Dear Counselor|Comments Off on Dear Counselor: Keeping the split civil

Dear Counselor: Inheritance jeopardizes federal benefits

Question: My mother and father drafted a living trust some time ago. My father passed away a few years ago, and my mother just recently died. They gave the estate to me and my two siblings. They named me as trustee. My brother and I are able to receive our share of the trust property [...]

By |2019-04-15T13:30:48-07:00March 15th, 2019|Dear Counselor|Comments Off on Dear Counselor: Inheritance jeopardizes federal benefits

Dear Counselor: Water, and the law, flow downhill

Question: We have not had rain for a long time, and I have really welcomed the rain we received so far this season. Unfortunately, my neighbor’s yard is higher than mine and it drains into my backyard and not into the street. The peak rainfall in the last week has caused the ground to be [...]

By |2019-03-12T15:49:04-07:00March 3rd, 2019|Dear Counselor|Comments Off on Dear Counselor: Water, and the law, flow downhill

Dear Counselor: That old question – What is ‘reasonable’?

Question: My father passed away a couple of years ago, and my sister was made the trustee of my parents’ trust, which simply says that the property is to go to me and my sister equally. My parents left behind a house and some vacant parcels of real property in the mountains. The properties were [...]

By |2019-03-12T15:48:45-07:00February 17th, 2019|Dear Counselor|Comments Off on Dear Counselor: That old question – What is ‘reasonable’?

Dear Counselor: When court calls, you must answer

Question: My mother’s good friend and neighbor was on an extended vacation and asked if my mother could do her a favor and let someone into her garage to get some things. My mother had no problem with this, so she met the person at the house and opened the garage door. In the garage, [...]

By |2019-03-12T15:48:35-07:00January 19th, 2019|Dear Counselor|Comments Off on Dear Counselor: When court calls, you must answer