Client Resources

Estate Planning For Digital Currencies

By: Morris Law Group - May 28, 2015

Bitcoin is technically a form of "cryptocurrrency," meaning that parties can exchange value anonymously, quickly, and without the intervention of a third-party intermediary, such as a bank, which also means there are no transactions costs.

The digital currency Bitcoin has been in the news quite a bit recently, and just about one year ago, on March 25, 2014, The Internal Revenue Service classified Bitcoin as property for U.S. tax purposes. That means anyone buying or selling Bitcoin will need to report either gains or losses on the transactions, and anyone who receives Bitcoin as payment for goods and services will have to report those receipts as gross income.

It's difficult to know if the government's official acknowledgment of Bitcoin may lead to it becoming more of mainstream investment (some argue the opposite, since lack of regulation was an attractive feature of the digital currency), but at the minimum, government regulation signals that Bitcoin has reached a tipping point in terms of popularity.


To Plan Or Not to Plan...5 Estate Planning Pitfalls

By: Morris Law Group - May 27, 2015

Every estate is planned – either by you or by the state and federal governments. By taking action, you can strongly influence, if not determine, what will happen to your estate in the future.  The following 5 common pitfalls of estate planning can easily be avoided.


Your Florida Residency Checklist

By: Morris Law Group - February 4, 2014


The Wealth Preservation Solution

By: Morris Law Group - November 26, 2013

Six steps to an estate plan that meets your goals and objectives, reduces your taxes and costs, and protects the interests of your beneficiaries.