Sinclair Prosser Gasior

Annapolis Estate Planning Attorneys

Call Now: (410) 573-4818

Home / BLOG

BLOG

Kicking the Bucket List, Part 3

by

  The information in this article was written by Steve Hartnett of the American Academy of Estate Planning Attorneys and is being provided to you courtesy of Attorney Nicole Livingston of Sinclair Prosser Gasior In Kicking the Bucket List, Gail Rubin offers a helpful list of 100 things to do before you die. As I mentioned in a prior blog, this is a good, light read and planning tool to help … [Read more...] about Kicking the Bucket List, Part 3

Can I Handle the Duties of a Personal Representative?

by

There are many duties that must be fulfilled when named Personal Representative, or executor, of a Will. If someone you care about has passed away and the Will named you as personal representative, you want to think carefully about whether you are able to fulfill the role or if you should decline. Most individuals who have been entrusted to serve as a personal representative are going to want to … [Read more...] about Can I Handle the Duties of a Personal Representative?

What Kinds of IRAs Are There?

by

Opening IRAs is one of the smartest things that you can do if you are serious about achieving financial security during your retirement. IRAs, or Individual Retirement Accounts, make it easier for you to save for retirement because you can take advantage of tax breaks. The money which is held within an IRA also receives some special protections, such as being considered an exempt asset during … [Read more...] about What Kinds of IRAs Are There?

What is the Money in a Special Needs Trust Used For?

by

The creation of a special needs trust is of vital importance if you have a person in your life who is disabled  and you want to provide a financial gift to that individual. Money or property that you wish to give should be placed into a trust so as not to cause a loss of access to important government benefits like Medicaid. The money held within the trust is to be managed and used by a trustee … [Read more...] about What is the Money in a Special Needs Trust Used For?

What is the Money in a Special Needs Trust Used For?

by

  "What is the Money in a Special Needs Trust Used for?" by Attorney Jon J. Gasior … [Read more...] about What is the Money in a Special Needs Trust Used For?

What is a Trust?

by

  Written by Stephen C. Hartnett, J.D., LL.M., Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. provided courtesy of Attorney Nicole Livingston What is a trust? Black’s Law Dictionary defines a trust as “An equitable or beneficial right or title to land or other property, held for the beneficiary by another person, in whom resides legal title or ownership, … [Read more...] about What is a Trust?

Preparing to Meet with a Probate Attorney

by

  Meeting with a Maryland probate attorney can be very important if someone you love has passed away. The individual the decedent has named as executor of an estate should meet with a probate lawyer as soon as possible in order to get advice about fulfilling his or her duties. If you are an heir or beneficiary, you may also consider meeting with an experienced attorney to understand your options … [Read more...] about Preparing to Meet with a Probate Attorney

Foundations of Estate Administration

by

  Estate Planning Attorney Victor A. Lembo recently presented a  continuing education program for financial professionals on the "Foundations of Estate Administration".   The material provided a close look at the processes involved in Estate Administration such as the required asset documentation, beneficiary information, tax identification, debts of the estate, accountings, tax returns, asset … [Read more...] about Foundations of Estate Administration

What You Miss with a DIY Will

by

If you make a DIY will, you are going to miss out on important legal advice from an estate planning attorney which could help you to achieve more asset protection and which could help you to achieve a more secure legacy. For most people, making a DIY will is not the answer for estate planning and you need to work with a legal professional in order to ensure you have an appropriate, comprehensive … [Read more...] about What You Miss with a DIY Will

What is an In Vivos Trust and Do You Need One?

by

An inter vivos trust is a living trust. It is a trust that you make during your lifetime and that involves transferring assets into the trust and naming a trustee to manage those assets. Usually, the trust creation or settlor is the initial trustee and a backup trustee is named. Trust beneficiaries who will inherit the living trust after the death of the settlor are also named.  An inter vivos … [Read more...] about What is an In Vivos Trust and Do You Need One?