Sinclair Prosser Gasior

Annapolis Estate Planning Attorneys

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What is an ILIT (Irrevocable Life Insurance Trust) and why would you want one?

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If you own life insurance, congratulations!  Sadly, most of us put off this critical element in our family’s financial planning, which may have devastating consequences on the loved one left behind. You probably know why life insurance is so important.  Young families need it to replace part of the breadwinner’s income.  Mature Americans find it provides their heirs with a source of funds to … [Read more...] about What is an ILIT (Irrevocable Life Insurance Trust) and why would you want one?

Your Estate Matters airs today – don’t forget to tune in….

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Don't forget to tune in today to WNAV Radio on 1430 AM or 99.9 FM @ 3:50 pm to listen to "Your Estate Matters" with Attorney Nicole Livingston   The topic is "What is an ILIT (Irrevocable Life Insurance Trust) and why would you want one?" … [Read more...] about Your Estate Matters airs today – don’t forget to tune in….

The Ins and Outs of Gifting

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Everyday I meet with families and we discuss the estate planning technique of gifting, which can be a valuable strategy to reduce estate taxes.  Gifting can be done on a limited basis or it can be done on a continuous basis as part of an overall plan to reduce estate taxes.  Either way it can be relatively easy. Most people have heard that you can give away $13,000 per year per person, but  … [Read more...] about The Ins and Outs of Gifting

Pre-nuptial Agreements

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Are you thinking of getting married?  You may have heard of pre-nuptial agreements but you are not sure if such an agreement is right for you.  Since many of my clients seek my advice after they have acquired a level of wealth, I am usually working on pre-nuptial agreements to make certain the assets acquired during a lifetime are left to a person’s family prior to the new marriage and are not … [Read more...] about Pre-nuptial Agreements