Each person, regardless of net worth, employment or marital status should have a a comprehensive estate plan in place. Read this article to get some special advice from Morello Law Group Managing Partner, Gerald, M Morello Jr.
GEORGE S.FEKARIS AND ROBERT E.EMMITT Guardianships and Conservatorships– Managing the Affairs of Incapacitated Adults.
Challenges that business owners contend with when transitioning the business to the next generation. Download this helpful article to familiarize yourself with some succession strategies.
Morello Law Group Managing Partner, Gerald, M Morello Jr. discusses the rising costs of higher education, the burden of sending a child to a college or university is a greater concern for more and more people.
Gerald Morello, Jr. is a well-regarded Downriver estate and business attorney, a devoted family man and a successful local businessman. But he is especially proud of his strong ties to the Downriver community.
As our population ages, more and more seniors are turning to the Medicaid program for assistance in paying for long-term nursing home care.
Those who are fortunate enough to qualify for Medicaid benefits will have some or all of their nursing home care expenses paid for by Medicaid. Most seniors, once admitted to the nursing home, will live out the remainder of their lives with the assistance of skilled nursing care.
Once in awhile, the federal government passes a law that just plain makes sense. And as the old saying goes: if it doesn’t make dollars, it doesn’t make sense. Well, the 2010 Tax Act, more formally known as the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 allows taxpayers to keep more money in their pockets, and that sure makes sense.
GERALD M. MORELLO, JR. – Turning a penchant for problem solving and a desire to interact with others into a career in law was an easy decision for Mr. Morello.
At a time when many people have left the state to work elsewhere, it’s refreshing to hear of someone who decided to stay put, plant roots and grow a business in the Downriver area. That’s just what Gerald Morello, Jr. did when he graduated from law school at the prestigious University of Notre Dame.
In the past few months, I have received many telephone calls from clients and financial advisors regarding a new law that recently went into effect – the Michigan Trust Code. Many people have read or heard that the new law makes their estate plan obsolete, or may cause disastrous tax consequences to their beneficiaries upon their death. To keep you better informed, I have compiled a list of asset protection and estate planning issues that you should think about to help you protect your money.
Northville Office 41000 West Seven Mile Road, Suite 200Northville, MI 48167 Tele: (248) 347-2950 | Fax: (248) 347-2999 |
Wyandotte Office 1800 Biddle AvenueWyandotte, MI 48192 Tele: (734) 281-6464 | Fax: (734) 281-1620 |