"Basics of Estate Planning: Portability vs. Credit Shelter Trust" by Attorney Colleen Sinclair Prosser (Audio) Prior to the advent of “portability,” estate planning attorneys used a “credit shelter trust” as the gold standard to preserve the estate tax exclusion of the first spouse to die. Assets up to the exclusion were placed in the trust for the benefit of the surviving spouse and … [Read more...] about Basics of Estate Planning: Portability vs. Credit Shelter Trust
What Do I Need to Know when Selecting Fiduciaries
"What Do I Need to Know when Selecting a Fiduciary?" by Attorney Victor A. Lembo Often, one of the most difficult choices for a client to make is the selection of people to make decisions for them. These fiduciaries may have great control over the client’s affairs, typically at times when the client would be most vulnerable or after death. Sinclair Prosser Gasior can assist with selection of … [Read more...] about What Do I Need to Know when Selecting Fiduciaries
Basics of Estate Planning: Asset Protection
"Basics of Estate Planning: Asset Protection" by Attorney Colleen Sinclair Prosser When it comes to asset protection much depends upon whose assets you are looking to protect. If the assets are those that are coming to you by inheritance, the debtor, then typically, those can be protected completely. The debtor can protect their own assets in three general ways: 1) insuring against the … [Read more...] about Basics of Estate Planning: Asset Protection
Who Is Responsible for Estate Assets During Probate?
"Who is Responsible for Managing Assets During Probate?" by Attorney Victor A. Lembo Annapolis probate attorneys provide assistance to those who are involved in the probate process. As Investopedia explains, the probate process can take around a year to complete. In some cases, if the estate is a relatively simple one, the process will go quicker. However, in other situations, the probate … [Read more...] about Who Is Responsible for Estate Assets During Probate?
Celebrities and Estate Planning
"Celebrities and Estate Planning" by Attorney Jon J. Gasior (Audio) Celebrity estate planning is a complicated process because while celebrities who pass away are not The Walking Dead, like the zombies are on AMC's top-rated cable show... they are the "Earning Dead." Many celebrities who are no longer alive are continuing to earn millions of dollars annually. This raises complex questions … [Read more...] about Celebrities and Estate Planning
What Should be a Part of Your Health Care Directive
"What Should Be Part of Your Health Care Directive?" by Attorney Nicole Livingston Creating a health care directive is one of the best things that you can do for yourself and one of the most important things that you can do in order to try and protect your loved ones. You never know when a medical emergency will arise, as illness and injury can affect people young and old. If you suffer a … [Read more...] about What Should be a Part of Your Health Care Directive
Why You Need Estate Planning if You Have a Baby
"Why You Need Estate Planning if You Have a Baby" by Attorney Victor A. Lembo If you are having a new baby, you should speak with an estate planning lawyer to ensure you have taken steps to protect your newest family member. A baby changes your life in many ways, including making you responsible for the care of someone who is dependent upon you for everything. It is important when having a … [Read more...] about Why You Need Estate Planning if You Have a Baby
In Honor of the Walking Dead: How are the Deceased Taxed?
Celebrity estate planning is a complicated process because while celebrities who pass away are not The Walking Dead, like the zombies are on AMC's top-rated cable show... they are the "Earning Dead." Many celebrities who are no longer alive are continuing to earn millions of dollars annually. This raises complex questions about what happens to their post-humous earnings, how their likeness will be … [Read more...] about In Honor of the Walking Dead: How are the Deceased Taxed?
In Honor of the Walking Dead: How are the Deceased Taxed? (Audio)
"In Honor of the Walking Dead: How are the Deceased Taxed?" by Attorney Colleen Sinclair Prosser … [Read more...] about In Honor of the Walking Dead: How are the Deceased Taxed? (Audio)
3 Reasons Why Creating a Will Isn’t Enough
When you think of making an estate plan, you probably think of creating a will. While many people do no estate planning at all, a substantial number of people who do make a plan will only make a will and not go any further in the planning process. Unfortunately, for many people, a will is just the start of the documents you need to provide full protection for yourself and your loved ones. You … [Read more...] about 3 Reasons Why Creating a Will Isn’t Enough
