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Home / Archives for Planning for Minor Children

Estate Planning for Young Adults

December 15, 2021 by Jon J. Gasior, Estate Planning Attorney

There is a common misconception that not everyone needs an estate plan. Oftentimes, their reasoning is that they may be too young, or don’t have enough assets to plan for. This couldn’t be further from the truth. Every adult needs an estate plan regardless of their age or assets. Let me demonstrate with a few examples. Michael is 19 years old. He is unmarried, has no children and owns a … [Read more...] about Estate Planning for Young Adults

Filed Under: Estate Planning, General, Last Will in Maryland, Planning for Minor Children Tagged With: Powers of Attorney

Estate Planning for Young Families

September 27, 2019 by Laura Curry, Estate Planning Attorney

happy couple with child

"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

Filed Under: Estate Planning, Planning for Minor Children

What if Money is Left to a Minor?

March 1, 2018 by Colleen Sinclair Prosser, Estate Planning Attorney

Waldorf Elder Law Attorneys

"What if Money is Left to a Minor?" by Attorney Colleen Sinclair Prosser (Audio) The attorneys at Sinclair Prosser Gasior provide assistance with structuring an inheritance you leave behind so heirs or beneficiaries can inherit as quickly as possible and so the inheritance is as protected as possible. There are many circumstances in which your efforts to leave money to a loved one can be … [Read more...] about What if Money is Left to a Minor?

Filed Under: Planning for Minor Children Tagged With: Legacy Planning

Do Young People Need Estate Planning? (Audio)

October 18, 2016 by Alexander M. Pagnotta, Estate Planning Attorney

 "Do Young People Need Estate Planning?"  … [Read more...] about Do Young People Need Estate Planning? (Audio)

Filed Under: Planning for Minor Children Tagged With: age of majority, estate planning, financial and social media accounts, Guardian, Guardianship, Incapacity, medical decisions, Minor Children, young people

Is Estate Planning Important for Young Adults?

September 10, 2015 by Sinclair Prosser Gasior

  For many young adults, the consequences of not having an estate plan in place can be dire.  Estate planning is not only tax and probate avoidance, but it is planning for lifetime and incapacity as well. One tragic case that many people are familiar with is that of Terry Schiavo. Terry Schiavo was a persistent vegetative state for 15 years. During the course of that 15 years, her husband … [Read more...] about Is Estate Planning Important for Young Adults?

Filed Under: Estate Planning, Healthcare Directives, Healthcare Power of Attorney, Planning for Minor Children Tagged With: Financial Power of Attorney, Healthcare Power of Attorney, Incapacity Planning, Last Will and Testament, Living Wills, planning for minor children, Powers of Attorney, Revocable Living Trust, Terry Schiavo

Is Estate Planning Important for Young Adults?

September 9, 2015 by Sinclair Prosser Gasior

  "Is Estate Planning Important for Young Adults? " by Attorney Jon J. Gasior … [Read more...] about Is Estate Planning Important for Young Adults?

Filed Under: Estate Planning, Healthcare Directives, Planning for Minor Children Tagged With: Guardianship, Incapacity Planning, Living Wills, Powers of Attorney

Difficult Decisions

June 9, 2015 by Sinclair Prosser Gasior

  During the process of creating your estate plan, you will be forced to make some difficult decisions.  With each decision, it is important to carefully consider your choice and evaluate the consequences of the resulting circumstance. Let’s talk about what you will want to contemplate before starting your estate plan. What do you want to accomplish with your estate planning? Who do you … [Read more...] about Difficult Decisions

Filed Under: Estate Planning, Living Trusts, Planning for Minor Children, Wills Tagged With: Incapacity Planning, Living Wills, Powers of Attorney

Free Estate Planning Seminars Next Week! Register now!

January 7, 2015 by Sinclair Prosser Gasior

  The estate planning seminars 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, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!

Filed Under: Advanced Estate Planning, Beneficiary Designations, Deed, Deed recording, Deeds, Divorce Protection, Elder Law, Estate Administration, Estate Planning, Estate Tax, Healthcare Directives, Healthcare Power of Attorney, Living Trusts, Long term care insurance, Long Term Care Planning, Nursing Home Expenses, Planning for Minor Children, Pour-Over Will, Probate, Probate avoidance, Spouse, Tax exemption, Trustee, Trusts, Wills Tagged With: American Academy of Estate Planning Attorneys, Asset Protection, Blended Families, Division of Assets, elder law, estate administration, estate planning, Estate Taxes, Free Estate Planning Seminars, Funding, Guardianship, Incapacity Planning, Inheritance Planning, Legacy Planning, Living Wills, Maryland, Medicaid, Medical Directive, Powers of Attorney, Privacy, Register of Wills

Beneficiary of an IRA

November 25, 2014 by Sinclair Prosser Gasior

  "Beneficiary of an IRA" by Attorney Nicole Livingston … [Read more...] about Beneficiary of an IRA

Filed Under: Beneficiary Designations, Estate Administration, Estate Planning, Income Tax, Individual Retirement Accounts (IRAs), Planning for Minor Children, Trusts Tagged With: Asset Protection, Inheritance Planning, IRS, Look-through Trust, Qualified Retirement Trust, Retirement Planning

Family Incentive Trust is Alternative to Disinheriting

October 29, 2014 by Sinclair Prosser Gasior

Recent headline news reported that actor Philip Seymour Hoffman left his entire estate to his girlfriend and nothing to his three young children, therefore disinheriting them.    It is reported that he did not want to create “trust fund kids”, or kids that live off a trust and never have to earn a living for themselves.  Through Mr. Hoffman’s planning, there is no provision for financial support … [Read more...] about Family Incentive Trust is Alternative to Disinheriting

Filed Under: Beneficiary Designations, Business Planning, Charitible, Estate Administration, Estate Planning, Legacy Wealth Plan, Living Trusts, Planning for Minor Children Tagged With: Asset Protection, Beneficiaries, Blended Families, Charitable Contributions, Charitable Giving, estate planning, Estate Planning Attorney, Estate Planning Seminars, Family Incentive Trust, Family Wealth Trust, Inheritance Planning, Legacy Planning, Philanthropy, planning for minor children, Privacy, wpdiary.net/sinclairprosserlaw

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Testimonials

5 Stars
Client Review
September 3, 2020
    

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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– Walter K.

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