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# T.L.  Morson and Associates, Pllc

Estate Planning | Tax | Accounting Services | Business Consulting

## Sitemaps

- [XML Sitemap](https://tlmorson.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Avoiding Costly Life Insurance Beneficiary Mistakes; Estate Planning That Protects What Matters Most](https://tlmorson.com/choose-your-life-insurance-beneficiaries-wisely/) - Learn how to avoid common life insurance beneficiary mistakes that could delay payouts, disqualify dependents from benefits, or override your will.
- [Why Estate Planning Matters – No Matter Who You Are](https://tlmorson.com/what-does-estate-planning-mean/) - Protect your loved ones with a customized estate plan. Learn how wills, trusts, and proper planning can preserve assets, reduce taxes, and avoid probate.
- [How to Fund a Living Trust: A Complete Guide to Avoiding Probate](https://tlmorson.com/funding-your-living-trust/) - "Learn how to fund a living trust to avoid probate, protect assets, and ensure your estate plan works. Get expert help from T.L. Morson & Associates."
- [The Time to Act is Now!](https://tlmorson.com/the-time-to-act-is-now/) - April 24, 2020 The Time to Act is Now! The time to act is now. We hope this post finds you and your family staying home and staying safe. It’s amazing how fast times can change in such a short period of time. Thousands of Americans have tragically loss their lives in just the past
- [Why Buy/Sell Agreements Matter](https://tlmorson.com/why-buy-sell-agreements-matter/) - Why buy/sell agreements matter The majority of businesses created in the United States are small businesses. Therefore, many of these companies are not publicly traded and thus create the need for Buy/Sell agreements. Closely-held businesses are formed as LLC's, Partnerships, or C-Corporation. So, determining the value of a closely held corporation is challenging. Large publicly
- [Take care of the ones you love the most](https://tlmorson.com/take-care-of-the-ones-you-love-the-most/) - In the Blink of an eye life can change forever. Estate Planning is not only for you, An Estate Plan is more for the ones we leave behind. Take care of the ones you love the most. However, we know two things are certain; death and taxes. Despite these uncertainties, over 50% of people fail to
- [What COVID -19 has Taught US](https://tlmorson.com/what-covid-19-has-taught-us-about-estate-planning/) - What COVID -19 has Taught Us About Estate Planning? So, as the COVID-19 Pandemic sweeps its way across the United States, over 50% of all Americans still do not have an estate plan. This has struck a resounding alarm. But, most people recognize the importance of planning their estate. However, most people also believe that
- [Trust of Will ?](https://tlmorson.com/trust-of-will/) - Deciding whether to draft a Trust or a Will is an individual decision and should be made on a case by case basis with an Estate Planning expert. Here are some facts about both Trust and Wills that may help make your decision a bit easier. Compare and Contrast Yes, most of my clients with
- [Change with The Times](https://tlmorson.com/change-with-the-times/) - Life can and often does change in the blink of an eye. Whether you’re planning a wedding of starting your family it’s essential that your Estate Plan change with your life. So, if you’ve recently married, divorced, started a new business, or purchased your dream home, reviewing your Estate Plan today can save your loved
- [Estate Planning:  The Big Disconnect Between the Rich and Poor](https://tlmorson.com/estate-planning-the-big-disconnect-between-the-rich-and-poor/) - Estate Planning -The Disconnect between the rich and poor. Like many things in life the lines between the “haves and the have nots” has been clearly defined for many years, decades; well, since the beginning of time. Society is not structured for everyone to be wealth and prosperous, at least not at the

## Pages

- [Estate Planning, Tax Strategy & Business Consulting Under One Roof](https://tlmorson.com/) - Estate Planning | Accounting Services | and Business Consulting Business Consulting Our Services Estate Planning | Accounting Services | Business Consulting Secure Your Future. Preserve Your Legacy. Optimize Your Business. At T.L. Morson and Associates, we understand that Estate Planning, Accounting Services, and Business Consulting are vital components of a well-designed Wealth Transfer Plan—yet many
- [Building Prosperity with Purpose — One Business at a Time](https://tlmorson.com/about-estate-planning-business-consulting-accounting-services/) - Estate planning, business consulting, and tax services tailored to your needs. T.L. Morson helps protect your future, grow your business, and build legacy.
- [Expert Accounting Services You Can Trust](https://tlmorson.com/accounting-services/) - Expert tax, accounting, and payroll services for individuals & businesses. Maximize refunds, avoid delays, and file safely with T.L. Morson & Associates.
- [Commonly Asked Questions](https://tlmorson.com/commonly-asked-questions/) - What is the difference between a will and a trust? Wills and trusts have some similarities. They are both estate planning tools and can work together to create the most complete plan for an estate. The main differences between a will and a trust are: Wills become effective after death, whereas some trusts are effective upon creation.
- [Expert Business Consulting to Help You Grow Smarter](https://tlmorson.com/business-consulting/) - T.L. Morson and Associates offers expert business consulting and financial services to help startups and growing companies improve operations, sales and growth.
- [Estate Planning Made Easy | Protect Your Assets & Loved Ones](https://tlmorson.com/estate-planning/) - Estate Planning Services | T.L. Morson and Associates Do You Really Need an Estate Plan? The short answer is: yes. Many prospective clients tell us they think estate planning is only for the wealthy or elderly—but that's a common misconception. The truth is, estate planning is for everyone, regardless of age or income level. At
- [Simplify Payroll, HR, and Benefits with One Smart Platform](https://tlmorson.com/accounting-services/payroll-benefits-and-hr-services/) - All-in-one payroll, HR, and benefits platform for small businesses. Run payroll, manage hiring, track time off, and offer employee benefits.
- [Get In Touch for Expert Tax, Estate Planning & Business Advice](https://tlmorson.com/contact/) - Get expert help with estate planning, tax prep, or business consulting. Contact T.L. Morson for trusted, personalized advice backed by 25+ years of experience.
- [Articles](https://tlmorson.com/articles/)
- [Privacy Statement](https://tlmorson.com/privacy-statement/) - Our Privacy Policy Firstly, protecting your privacy is our priority. Second, this Statement of Privacy applies to www.tlmorson.com, and T. L. Morson and Associates, PLLC and governs data collection and usage. Finally, for the purposes of this Privacy Policy, unless otherwise noted, all references to T. L. Morson and Associates, PLLC include www.tlmorson.com and T.
- [Estate Planning | Accounting Services](https://tlmorson.com/our-services/) - At T.L. Morson and Associates, we offer a complete line of Estate Planning | Accounting Services Estate Planning Services Revocable/Irrevocable Trust reviews and creation – Because life changes, it is important that your Estate Planning documents change accordingly. So, if you have recently married, divorced, or experienced the death of a loved one, the time

## Categories

- [Articles](https://tlmorson.com/category/articles/) - Informative articles regarding Estate Planning, Accounting and Financial Services
- [Blog](https://tlmorson.com/category/articles/blog/)

## Tags

- [but/sell](https://tlmorson.com/tag/but-sell/) - A buy and sell agreement is a legally binding contract that stipulates how a partner’s share of a business may be reassigned if that partner dies or otherwise leaves the business. Most often, the buy and sell agreement stipulates that the available share be sold to the remaining partners or to the partnership. The buy and sell agreement is also known as a buy-sell agreement, a buyout agreement, a business will, or a business prenup.
- [closely-held business](https://tlmorson.com/tag/closely-held-business/) - Generally, a closely held corporation is a corporation that: Has more than 50% of the value of its outstanding stock owned (directly or indirectly) by 5 or fewer individuals at any time during the last half of the tax year, and. Isn’t a personal service corporation.
- [business formation](https://tlmorson.com/tag/business-formation/) - The business structure you choose influences everything from day-to-day operations, to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.
- [estate planning](https://tlmorson.com/tag/estate-planning/) - Estate planning is the preparation of tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law.
- [estateplanning](https://tlmorson.com/tag/estateplanning/) - Estate planning is the preparation of tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law.
- [wills](https://tlmorson.com/tag/wills/) - a legal declaration of a person’s wishes regarding the disposal of his or her property or estate after death especially : a written instrument legally executed by which a person makes disposition of his or her estate to take effect after death.
- [powers of attorney](https://tlmorson.com/tag/powers-of-attorney/) - Power of attorney (POA) is a legal authorization that gives a designated person, termed the agent or attorney-in-fact, the power to act for another person, known as the principal. The agent may be given broad or limited authority to make decisions about the principal’s property, finances, investments, or medical care.
- [TRUST](https://tlmorson.com/tag/trust/) - A Living Trust is a legal document which outlines who you’d like to receive your property after your death, and who should manage that property. You place property into the Trust and manage it yourself while you are alive – just as you do now.
- [financial planning](https://tlmorson.com/tag/financial-planning/) - Financial planning is an ongoing process that will reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement. Financial planning is important because it allows you to make the most of your assets, and helps ensure you meet your future goals.
- [Life Insurance](https://tlmorson.com/tag/life-insurance/) - Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.
- [Probate Court](https://tlmorson.com/tag/probate-court/) - Probate is the formal legal process that gives recognition to a will and appoints the executor or personal representative who will administer the estate and distribute assets to the intended beneficiaries.
- [Beneficiary Designation](https://tlmorson.com/tag/beneficiary-designation/) - A beneficiary designation is the description of the person or persons you want to receive a specific asset upon your death. A common example of a beneficiary designation would be listing your spouse or children as beneficiaries on a life insurance policy.