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Annapolis Estate Planning Attorneys

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Trustee Responsibilities of a Medicaid Asset Protection Trust

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  A Medicaid Asset Protection Trust is a valuable tool that many people implement with their estate planning and elder law attorney so that they can protect their assets while still qualifying for Medicaid. A Medicaid Asset Protection Trusts allows you to transfer assets to a special kind of trust where you are not the trustee, and not the principal beneficiary, but still have access to income … [Read more...] about Trustee Responsibilities of a Medicaid Asset Protection Trust

Can the Successor Trustee Purchase Trust Property? (Audio)

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  "Can the Successor Trustee Purchase Trust Property?" by Attorney Nicole Livingston This information is provided by Sanford M. Fisch, CEO & Co-Founder , American Academy of Estate Planning Attorneys and shared by Attorney Nicole Livingston, Sinclair Prosser Gasior … [Read more...] about Can the Successor Trustee Purchase Trust Property? (Audio)

Possible Reasons Why B.B. King May Have Chosen Who He Did to Manage His Estate

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  The late Riley B. King, who many of us know by his stage name of B.B. King, kept us entertained during his singing years with his legendary blues music. His story is still keeping fans interested, but unfortunately for different reasons in the weeks after his passing. Several of B.B. King’s heirs are pursuing legal action against his longtime business manager with accusations of not letting his … [Read more...] about Possible Reasons Why B.B. King May Have Chosen Who He Did to Manage His Estate

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 $14,000 per year per person (this … [Read more...] about The Ins and Outs of Gifting

Picking Up the Pieces After Divorce

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  Consider all the planning a couple may do during the course of their lives: purchasing a home, building a business, starting a family – the list is endless. However, no one plans for a break-up. So what happens when there’s no longer a “happily ever after?” What will our finances, our emotions and even our future look like on the other side of divorce? Not only must we rethink our immediate … [Read more...] about Picking Up the Pieces After Divorce

What Happens With My Vehicles At My Death?

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  Hollywood actor, Paul Walker, died in 2013 with approximately 32 vehicles. Several years later, there is a lawsuit filed by his estate to recover missing vehicles, or renumeration of their value. A car is an asset that many of us depend on in our daily lives to get to work, take the kids to school and run our errands. We put many efforts into caring for our vehicles, so we want our family to … [Read more...] about What Happens With My Vehicles At My Death?