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Annapolis Estate Planning Attorneys

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The Income Only Trust

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  How can you protect your assets if you need a nursing home?  This is a question that I am often asked.  There is a trust you can create called an Irrevocable Income Only Trust; however, there are several conditions that must be discussed.  The first of which is control of the assets.  With this type of trust, you must give up control of all assets which means that you cannot be the trustee of … [Read more...] about The Income Only Trust

Don’t forget to tune in today to WNAV Radio on 1430 AM or 99.9 FM @ 3:50 to listen to YOUR ESTATE MATTERS

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  Don't forget to tune in today to WNAV Radio on 1430 AM or 99.9 FM @ 3:50 to listen to  Attorney Nicole Livingston talk about "The Income Only Trust" on YOUR ESTATE MATTERS … [Read more...] about Don’t forget to tune in today to WNAV Radio on 1430 AM or 99.9 FM @ 3:50 to listen to YOUR ESTATE MATTERS

The Elderlaw Channel – A Resource for Senior Care

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As a member of the American Academy of Estate Planning Attorneys, I am introduced to many opportunities to connect my clients and the public with resources that may be helpful to them.  Recently I was made aware of The Eldercare Channel.  The Eldercare Channel is “America’s Guide to Local Senior Care”.  It is an internet resource created for making senior care as transparent and easy-to-understand … [Read more...] about The Elderlaw Channel – A Resource for Senior Care

Your Estate Matters – Set your watch for this important Estate Planning message!

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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 Colleen Sinclair Prosser.   The topic is "The Eldercare Channel - A Resource for Senior Care". … [Read more...] about Your Estate Matters – Set your watch for this important Estate Planning message!

What should my Power of Attorney include?

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A Power of Attorney is a legal document where you name a person to step into your shoes when you are unable to make decisions for yourself.   A Power of attorney may be immediate or having springing powers.  The difference is that if a power of attorney is immediate then it can be used by the agent (the person you designate) the moment you sign the document.  A power of attorney with springing … [Read more...] about What should my Power of Attorney include?

How do you know if you are working with qualified professionals?

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As a member of the American Academy of Estate Planning Attorneys, I must complete 36 hours of continuing legal education per year.  This is important because in Maryland there is no requirement that attorneys obtain continuing education credits.  Once an attorney passes the Bar, they never have to open a book again. With the changes in the laws that affect so many facets of our estate planning … [Read more...] about How do you know if you are working with qualified professionals?