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Business Succession Planning

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   Krispy Kreme and Wal-Mart have a lot in common.  Die-hard fans line up in front of their locked doors the night before grand openings, licking their lips for a puffed up glazed doughnut or a bargain that can set the neighbors talking over the fences.  But what do these two incredibly successful businesses and the families that started them have that sets them apart? Sam Walton, founder of … [Read more...] about Business Succession Planning

The Family Farm Preservation Act of 2012

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   The General Assembly of Maryland enacted a new law, which went in effect on July 1, 2012, entitled the “Family Farm Preservation Act of 2012”.  This law provides estate tax relief to Maryland farm owners.  In Maryland an estate tax is applied upon the death of a person whose estate exceeds $1,000,000 if the estate passes to someone other than the surviving spouse, or is put into a trust for the … [Read more...] about The Family Farm Preservation Act of 2012

What is an ILIT (Irrevocable Life Insurance Trust) and why would you want one?

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If you own life insurance, congratulations!  Sadly, most of us put off this critical element in our family’s financial planning, which may have devastating consequences on the loved one left behind. You probably know why life insurance is so important.  Young families need it to replace part of the breadwinner’s income.  Mature Americans find it provides their heirs with a source of funds to … [Read more...] about What is an ILIT (Irrevocable Life Insurance Trust) and why would you want one?

Your Estate Matters airs today – don’t forget to tune in….

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Don't forget to tune in today to WNAV Radio on 1430 AM or 99.9 FM @ 3:50 pm to listen to "Your Estate Matters" with Attorney Nicole Livingston   The topic is "What is an ILIT (Irrevocable Life Insurance Trust) and why would you want one?" … [Read more...] about Your Estate Matters airs today – don’t forget to tune in….

Register for FREE Estate Planning Seminars Next Week

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The presentation establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, unmarried couples, … [Read more...] about Register for FREE Estate Planning Seminars Next Week