"Protecting Your Child's Inheritance from Divorce" by Attorney Colleen Sinclair Prosser (Audio) Many clients worry about their son-in-law or daughter-in-law divorcing their child and walking away with a big chunk of their estate. And why shouldn’t they worry? With a divorce rate in America topping every other country, the chances of your kids having a long and happy marriage are not good. … [Read more...] about Protecting Your Child’s Inheritance from Divorce
How Much is Too Much?
"How Much is Too Much?" by Attorney Jon Gasior (Audio) We all want to help our kids financially, but how much is too much? Businessman billionaire Warren Buffet was quoted in a 1986 Fortune article that, even if you had ample wealth, one should leave your kids “enough money so that they would feel they could do anything, but not so much that they could do nothing.” Bill Gates, Warren … [Read more...] about How Much is Too Much?
End-of-Life Planning: Estate Planning at its Core
"End-of-Life Planning: Estate Planning at its Core" by Attorney Colleen Sinclair Prosser Gasior (Audio) As estate planning attorneys, we do many things for clients, including: Helping clients plan for their disability by assigning an agent who will manage their assets and care for them when they are unable to do so themselves Provide guidance on what will happen with their worldly … [Read more...] about End-of-Life Planning: Estate Planning at its Core
Why an LLC Is Better Than a Sole Proprietorship
"Why an LLC Is Better Than a Sole Proprietorship" by Attorney Alex Pagnotta (Audio) An LLC is a type of business entity that is an alternative to a sole proprietorship or a corporation. LLCs are a good option for many business owners who want more protection from liability than a sole proprietorship or a partnership would provide. LLCs can also be used in estate planning. If you are … [Read more...] about Why an LLC Is Better Than a Sole Proprietorship
Estate Planning for Business Owners
"How Can Estate Planning Attorneys Help Business Owners?" by Attorney Laura T. Curry (Audio) Estate planning attorneys provide help to people who own businesses who want those businesses to survive even after the owner's death or departure. If you want your business to serve as your legacy and be handed down to the next generation, you need to ensure that you are prepared for what could happen … [Read more...] about Estate Planning for Business Owners
The Importance of Communicating Your Plans
"The Importance of Communicating Your Plans" by Attorney Jon Gasior (Audio) Whether or not we plan to do so, each of us will face death eventually. However, by planning we can make our passing easier and better in many ways for those we leave behind. This article focuses on the importance of communicating your plans to your family to avoid problems after your death. Death is seldom easy for … [Read more...] about The Importance of Communicating Your Plans
Dangers of Do-It-Yourself Estate Plans and Updates
"What Do You Miss Out on With a DIY Will?" by Attorney Alex Pagnotta (Audio) If you make a Do-It-Yourself (DIY) estate plan, you miss out on many important things including: Legal advice on whether your estate plan is valid or not. State laws can differ so you need to make certain you follow Maryland rules. Buying a DIY will kit online or otherwise trying to make a DIY estate plan is not … [Read more...] about Dangers of Do-It-Yourself Estate Plans and Updates
Estate Planning for Young Families
"Estate Planning for Young Families" by Attorney Laura Curry (Audio) Many young families put off estate planning and often say that they are too young, healthy or can’t afford it. But even a healthy, young adult can be taken suddenly by an accident or illness, and those with young families need estate planning precisely because others are depending on them. Getting married and having your … [Read more...] about Estate Planning for Young Families
Pros and Cons of a Prenup
"Pros and Cons of a Prenup" by Attorney Jon Gasior (Audio) Is it a good idea to sign a prenuptial contract before tying the knot? What are the pros and cons of prenups? The pros The most common reason couples fight is finances. Getting it all out on the table upfront will help with discussing financial matters down the road. Couples should consider spending habits: If one person … [Read more...] about Pros and Cons of a Prenup
The SECURE Act
"The SECURE Act" by Attorney Jon J. Gasior (Audio) On May 23, 2019, the House of Representatives passed the SECURE Act. The SECURE Act fundamentally changes how retirement assets are treated both during the account owner’s lifetime, as well as at death. The current rules allow for retirement assets to be “stretched” out over the lifetime of the beneficiary that inherits that retirement … [Read more...] about The SECURE Act
