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Sinclair Prosser Gasior

Annapolis Estate Planning Attorneys

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Home / Archives for Life Insurance

Adoption and the Maryland Inheritance Tax

October 9, 2025 by Jon J. Gasior, Estate Planning Attorney

Maryland is the only state remaining where residents are subject to three death taxes: the Maryland estate tax, the federal estate tax, and the Maryland inheritance tax. The Maryland inheritance tax is especially tricky. It is an antiquated law, and while there have been carve outs added over the years to exempt groups like lineal descendants and, most recently, registered domestic partners, it … [Read more...] about Adoption and the Maryland Inheritance Tax

Filed Under: General, Life Insurance, Spouse Tagged With: Beneficiaries, Inheritance Tax, life insurance, Maryland, Sinclair Prosser Gasior

Using Life Insurance to Provide Liquidity in an Estate

March 10, 2022 by Jon J. Gasior, Estate Planning Attorney

"Using Life Insurance to Provide Liquidity in an Estate" by Attorney Jon J. Gasior (Audio) Life insurance can be one of the most overlooked tools for estate planning purposes. Oftentimes, younger families will purchase life insurance when they buy their first home or when they have minor children as a way to provide for income replacement if one spouse dies. Occasionally, when those families … [Read more...] about Using Life Insurance to Provide Liquidity in an Estate

Filed Under: General, Life Insurance

Insurance You Need to Protect Your Assets

September 12, 2019 by Alexander M. Pagnotta, Estate Planning Attorney

insurance policy

"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

Filed Under: Estate Planning, Life Insurance, Long term care insurance Tagged With: Asset Protection

Naming a Beneficiary for Your Life Insurance Policy

February 20, 2015 by Sinclair Prosser Gasior

  If you buy life insurance for your family or are offered free life insurance with your company as an employee benefit, you will be asked to name a beneficiary.   The beneficiary is the person who will receive the money upon your death.  When you fill out the paperwork, you might not give this much thought.  You may automatically write down your spouse or your children.   It is worth taking some … [Read more...] about Naming a Beneficiary for Your Life Insurance Policy

Filed Under: Beneficiary Designations, Life Insurance Tagged With: Avoid Probate, Beneficiary Designations, estate planning, Life Changes, life insurance, Minor Children

The Importance of Funeral Pre-Planning

August 7, 2014 by Sinclair Prosser Gasior

  The importance of funeral pre-planning is often ignored. No one likes to think about death or making final arrangements for themselves or a loved one.  However, pre-planning your funeral may be one of the biggest comforts you can give your family at the time of your death.  When deciding whether or not pre-planning your funeral is right for you, there are three important factors to take into … [Read more...] about The Importance of Funeral Pre-Planning

Filed Under: Estate Planning, Funeral Planning, Life Insurance Tagged With: Cremation, Funeral life Insurance Policy, The Maryland Cremation Society

Funeral Preplanning (Audio)

July 29, 2014 by Sinclair Prosser Gasior

  "Funeral Preplanning" by Attorney Colleen Sinclair Prosser … [Read more...] about Funeral Preplanning (Audio)

Filed Under: Estate Planning, Funeral Planning, Joint Tenancy, Life Insurance, Living Trusts, Trusts, Wills Tagged With: Funeral Expenses, Funeral LIfe Insurance, http://www.cremationservicesmaryland.com/, Powers of Attorney, Revocable Living Trust

“Beneficiary Designations” (Audio)

July 18, 2014 by Sinclair Prosser Gasior

  "Beneficiary Designations" by Attorney Brooke J. Shemer … [Read more...] about “Beneficiary Designations” (Audio)

Filed Under: Beneficiary Designations, Estate Administration, Estate Planning, Life Insurance, Probate, Wills Tagged With: Annuity, Asset Protection, brokerage account, certificates of deposit, checking account, Incapacity Planning, mutual fund, Payable on death, retirement account, savings account, Transfer on death

Division of Assets: Medicaid Planning for Married Couples (Audio)

June 12, 2014 by Sinclair Prosser Gasior

 "Division of Assets: Medicaid Planning for Married Couples" by Attorney Nicole Livingston … [Read more...] about Division of Assets: Medicaid Planning for Married Couples (Audio)

Filed Under: Elder Law, Life Insurance, Nursing Home Expenses Tagged With: Asset Protection, Community Spouse Resource Allowance Medical Assistance, countable assets, exempt assets, Medicaid, Medicare Catastrophic Act of 1988, Real Estate, spend down

Checklist for Your Estate Planning Consultation – Audio

May 22, 2014 by Sinclair Prosser Gasior

  "Checklist for Your Estate Planning Consultation" by Attorney Brooke J. Shemer … [Read more...] about Checklist for Your Estate Planning Consultation – Audio

Filed Under: Beneficiary Designations, Business Planning, Business Succession Planning, Deeds, Estate Plan Review, Estate Planning, Individual Retirement Accounts (IRAs), Life Insurance, Living Trusts, Trusts, Wills Tagged With: Asset Protection, Funding, Inheritance Planning, Legacy Planning, Revocable Living Trust

“New Year Resolution” – Audio

December 31, 2013 by Sinclair Prosser Gasior

"New Year Resolution" by Attorney Colleen Sinclair Prosser … [Read more...] about “New Year Resolution” – Audio

Filed Under: Beneficiary Designations, Estate Planning, Healthcare Directives, Life Insurance, Living Trusts, Planning for Minor Children, Trusts, Wills Tagged With: Incapacity Planning, Inheritance Planning, Living Wills, Medical Directive, Powers of Attorney, Revocable Living Trust

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We initiated estate planning following a presentation by Sinclair Prosser Attorney Jon Gasior. We were so impressed, we contracted with them to complete our estate planning. Subsequently, we assembled information on our assets and Sinclair Prosser Gasior did the rest. Correspondence was communicated to our financial institutions and the estate was established. We were very pleased with the courteous manner of the Sinclair Prosser Gasior staff. However, it was their professionalism that made us satisfied we chose this firm to handle our estate. We have nothing but praise for Sinclair Prosser Gasior .

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