Sinclair Prosser Gasior

Annapolis Estate Planning Attorneys

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What Happens to Tangible Personal Property When Settling an Estate

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 Part of the process when settling an estate after someone has died is to consider their tangible personal property, i.e. furniture, jewelry, china, crystal, artwork, electronics, and vehicles.  The first duty of the representative of the estate is to obtain an appraisal of these items.  The appraisal is needed to determine the value of the property before distribution and taxes can be considered … [Read more...] about What Happens to Tangible Personal Property When Settling an Estate

What Happens to Tangible Personal Property When Settling an Estate? (Audio)

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  "What Happens to Tangible Personal Property When Settling an Estate? " by Attorney Colleen Sinclair Prosser … [Read more...] about What Happens to Tangible Personal Property When Settling an Estate? (Audio)

Listen to “Your Estate Matters” tomorrow morning (Tuesday) @ 8:50 a.m. on WNAV Radio

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   Make sure to tune in to WNAV Radio on 1430 AM or 99.9 FM on Tuesday mornings at 8:50 a.m.  for YOUR ESTATE MATTERS! The attorneys  of Sinclair Prosser Gasior relate cutting edge estate planning information to keep you up to date.  The topic tomorrow is "What to Expect When You Are Inheriting" by Attorney Nicole Livingston … [Read more...] about Listen to “Your Estate Matters” tomorrow morning (Tuesday) @ 8:50 a.m. on WNAV Radio

2013 Estate, Gift and Capital Gains Tax Changes

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As 2012 was winding down, estate planners throughout the country waited to see how Congress and the President would handle capital gains, estate and gift tax issues. Under what is called a sunset provision, the estate tax exemption was scheduled to return to $1,000,000 on January 1, 2013, the amount set prior to the Bush Era Tax Cuts.  This would have meant that all estates in excess of … [Read more...] about 2013 Estate, Gift and Capital Gains Tax Changes

The Importance of Knowing the Basis of an Asset

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A question that comes up frequently with my clients is: “Why did my attorney tell me to get my real estate appraised when my spouse passed away?”  Let me explain why I regularly make this recommendation: You and your spouse own your assets together.  When one of you dies all the assets pass to the surviving spouse either by right of survivorship or a living trust.  If your estate is under … [Read more...] about The Importance of Knowing the Basis of an Asset