One of the most important aspects of estate planning is choosing people for the fiduciary roles within your plan. This is also an area where people frequently make mistakes. A Bowie estate planning attorney at Sinclair Prosser Gasior helps you decide who to choose as fiduciaries in your estate plan. What Is a Fiduciary? The law defines a fiduciary as “a person who holds a legal or … [Read more...] about How to Choose Your Fiduciaries
How to Fund Your Revocable Living Trust
A Living Trust is a way to hold title to assets, just like sole ownership or joint tenancy. The main reasons most individuals choose an estate plan that includes a Revocable Living Trust is to avoid probate. The only way to accomplish this is to set up the trust properly and fund your trust. Funding a trust is the process of transferring your assets to the ownership of your trust. Once ownership … [Read more...] about How to Fund Your Revocable Living Trust
Asset Protection Planning for Seniors
When you think about the priorities in your estate plan, you likely think about the need to ensure that your loved ones are provided for in your absence. That causes you to focus on creating a plan to distribute your estate assets according to your wishes. While it is always important to focus on how your estate assets will be passed down to loved ones, it is equally important to incorporate tools … [Read more...] about Asset Protection Planning for Seniors
What Is a HIPAA Release?
The acronym HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. In this post, we will explain why this piece of legislation is something to take into consideration when you are planning your estate. Advance Directives for Health Care Everyone is well aware of the fact that you have to facilitate postmortem asset transfers when you put your estate plan in place. A … [Read more...] about What Is a HIPAA Release?
Don’t Junk that Old Car Yet!
"Don’t Junk that Old Car Yet!" by Attorney Victor Lembo (Audio) Recently, the owner of a 1970 Ford Mustang put his car on eBay for sale. According to reports, the Mach 1 appeared to have faded paint and some wear and tear, but the true value of the vehicle was hidden. The Denver-based owner first used it in high school and sold it in 1984. However, he recently tracked it down and bought it back … [Read more...] about Don’t Junk that Old Car Yet!
What’s Your Generation?
"What’s Your Generation?" by Attorney Victor Lembo (Audio) Whether sitting at the doctor’s office, ordering dinner, or simply watching television, there are constant reminders about how we grew up and how we like to do things. For example, how do you get to the doctor – perhaps you walk, drive or Uber? Do you prefer to eat in the restaurant, pick up curbside, or order through an app? Do you … [Read more...] about What’s Your Generation?
Insurance You Need to Protect Your Assets
"Insurance to Protect Your Assets" by Attorney Victor Lembo (Audio) We all want to ensure our families are protected in times of need, as we never know what life has around the next corner. Keeping your money secure can be a challenge, and as estate planning attorneys, Sinclair Prosser Gasior can help make certain that you are taking the necessary steps to protect your family and assets. For … [Read more...] about Insurance You Need to Protect Your Assets
What is the Money in a Special Needs Trust Used For?
"What is the Money in a Special Needs Trust Used For?" by Attorney Alex Pagnotta The creation of a special needs trust is of vital importance if you have a person in your life who is disabled and you want to provide a financial gift to that individual. Money or property that you wish to give should be placed into a trust so as not to cause a loss of access to important government benefits like … [Read more...] about What is the Money in a Special Needs Trust Used For?
Estate Planning for Cryptocurrency
"Estate Planning for Cryptocurrency" by Attorney Laura Curry There has been a lot of recent news about the founder of a cryptocurrency exchange suddenly dying and not having a plan in place to address his $190 million in bitcoin and other funds. The thirty year old founder and CEO of a Canadian cryptocurrency exchange died on a trip to India and did not share the password for his encrypted … [Read more...] about Estate Planning for Cryptocurrency
Luke Perry’s Estate Plan to Protect His Family
"Luke Perry’s Estate Plan to Protect His Family" by Attorney Victor Lembo The pop culture world was saddened to learn of the death of Luke Perry, who died tragically on March 4, 2019, surrounded by family and friends. Perry, whose full name was Coy Luther Perry, III, rose to fame as he starred on the popular 90’s show “Beverly Hills 90210”. He passed due to a stroke that he suffered just days … [Read more...] about Luke Perry’s Estate Plan to Protect His Family
