Sinclair Prosser Gasior

Annapolis Estate Planning Attorneys

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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

Three Taxes at Death

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There are three taxes your family may have to face in the State of Maryland.  There is a federal estate tax, a Maryland estate tax, and a state inheritance tax.  Maryland does have a state inheritance tax, but it does not apply to everyone.  It does not apply if you leave your assets to your spouse, your children, your grand-children, parents or grandparents, or your brothers or sisters.  Anyone … [Read more...] about Three Taxes at Death

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?