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Free Report: What Is Included in My Maryland Estate Plan

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There are other types of trusts that can be used to satisfy more advanced objectives. For example, high net worth individuals may be exposed to the estate tax. You would face exposure if your assets exceed the amount of the estate tax exclusion. The exclusion stands at $5.45 million in 2016. The portion of your estate that exceeds this amount would potentially be subject to taxation when it is … [Read more...] about Free Report: What Is Included in My Maryland Estate Plan

What is Included in My Maryland Estate Plan? (Audio)

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"What is Included in My Maryland Estate Plan?" by Attorney Colleen Sinclair Prosser … [Read more...] about What is Included in My Maryland Estate Plan? (Audio)

Where Should I Keep My Will?

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  After you signed your estate planning documents, the next logical question is where should I keep my documents?  The answer really depends on your individual circumstances.  The Register of Wills office in the county where you reside can store your Last Will and Testament in their safe for safekeeping purposes.  If you think someone will destroy your will or tamper with your will, then it is … [Read more...] about Where Should I Keep My Will?

Importance Of A Will – Even If Your Name Isn’t Prince

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The recent passing of iconic artist Prince was a shock to the world that has left more questions than answers. The 57 year-old legend's death was emotional for many and now we are scratching our heads trying to figure out why he may not have had a Will, if no estate planning documents surface in the coming months. Prince's family has filed an action in his home state of Minnesota, and the … [Read more...] about Importance Of A Will – Even If Your Name Isn’t Prince

Importance of a Will – Even If Your Name Isn’t Prince (Audio)

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 "Importance of a Will - Even If Your Name Isn't Prince" by Attorney Victor A. Lembo … [Read more...] about Importance of a Will – Even If Your Name Isn’t Prince (Audio)

Feel Good Friday! Our offices will be closed on Monday May 30th in honor of Memorial Day – Celebrate – Honor – Remember!

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  Memorial Day, an American holiday observed on the last Monday of May, honors men and women who died while serving in the U.S. military. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in … [Read more...] about Feel Good Friday! Our offices will be closed on Monday May 30th in honor of Memorial Day – Celebrate – Honor – Remember!

Is Probate in Maryland Always Required?

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  "Is Probate in Maryland Always Required?" by Attorney Colleen Sinclair Prosser (please click on link for full article) Many people are under the impression that assets are immediately transferred to your heirs after you die if you use a last will and testament to state your final wishes.    In reality, the heirs do not receive their inheritances right away because the will is admitted to … [Read more...] about Is Probate in Maryland Always Required?

Is Probate in Maryland always required? (Audio)

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 "Is Probate in Maryland Always Required?" by Attorney Colleen Sinclair Prosser … [Read more...] about Is Probate in Maryland always required? (Audio)

Does a Maryland Revocable Living Trust Provide Asset Protection?

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A revocable living trust can be a good choice as an asset transfer vehicle for a wide range of people, but it does not satisfy every single objective. We will examine the value of these trusts in this paper, but first, we will look at the matter of asset protection. It is said that we live in a litigious society. Indeed, there are people out there who like to file lawsuits,  especially if they … [Read more...] about Does a Maryland Revocable Living Trust Provide Asset Protection?

Examples of how distributions from trusts to beneficiaries can be structured

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  Distributions from trusts to beneficiaries can be structured in a variety of ways.  One option is to allow the beneficiary to demand distributions at any time he or she desires.  While this option offers the greatest flexibility and freedom to the beneficiary, it offers the least amount of asset protection.  It is probably effective for sheltering the inheritance from a divorcing spouse, but is … [Read more...] about Examples of how distributions from trusts to beneficiaries can be structured

June Estate Planning Seminar schedule is now available

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  The seminar schedule for June is now posted at https://spgasior.com/seminars/.    Local Estate Planning Attorneys Nicole Livingston and Jon J. Gasior are noted speakers on estate and legacy planning.  Their seminars are said to be informative and easy to understand.  Sinclair Prosser Gasior is one of 4 members of the American Academy of Estate Planning Attorneys in Maryland.  Be sure to register … [Read more...] about June Estate Planning Seminar schedule is now available

What Legacy Will You Leave Behind?

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  Justice Antonin Scalia held his seat on the United States Supreme Court for almost thirty years and was an integral force on American jurisprudence. He was an intellectual individual that challenged colleagues and legal advocates for decades through his constitutional beliefs and ideologies. Whether his conservative views were shared, the legacy he leaves behind after his untimely death will be … [Read more...] about What Legacy Will You Leave Behind?