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Annapolis Estate Planning Attorneys

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Handling Homeowner’s Insurance After Death

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  Handling homeowner’s insurance is one of the many aspects that an executor must manage after the death of a loved one. And while you are grieving the loss, if there is a house, it is often one of the first places you visit and immediately start thinking…what are my responsibilities? While it may be apparent that the utilities must be paid and the property secured, one item that often arises … [Read more...] about Handling Homeowner’s Insurance After Death

What is a Special Co-Trustee?

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  When reviewing the estate planning documents with our clients prior to their signing, one of the roles that regularly stumps people is the Trust Protector, which I call the Special Co-Trustee.    Most people are aware of many of the terms in the documents such as trustor, trustee and beneficiary and the roles these people serve.  However, the Special Co-Trustee can add flexibility to a trust for … [Read more...] about What is a Special Co-Trustee?

2016 Vision – Your Complete, Comprehensive Estate Plan

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  Why not take the first step toward making your 2016 vision a reality?  You are determined to set up a comprehensive estate plan to protect your family, your legacy and obtain peace of mind, and you know that by attending a FREE estate planning seminar you will be provided with up front information on why and how you can accomplish your goal.   Take action now and register to attend a seminar … [Read more...] about 2016 Vision – Your Complete, Comprehensive Estate Plan

What is a Pet Trust?

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  A "Pet Trust" is an estate planning vehicle that allows you to provide for the care and support of your family pet upon your passing.  In Maryland, pets and animals are considered tangible personal property, much like your jewelry, or your furniture.  However, these beloved pieces of "property" often feel more a part of the family. Maryland law recognizes this, and allows for something we … [Read more...] about What is a Pet Trust?

Tangible Personal Property

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   What is tangible personal property?  According to Wikipedia, tangible personal property refers to any type of property that can generally be moved, touched or felt.  These generally include items such as furniture, clothing, jewelry, art, writings, or household goods.   Pets and livestock are also considered tangible personal property.   While reward points, frequent flyer miles, season ticket … [Read more...] about Tangible Personal Property

Feel Good Friday! Sinclair Prosser Gasior celebrates with Ugly Sweater contest!

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  The staff of Sinclair Prosser Gasior celebrate with an Ugly Sweater contest at the annual Holiday Dinner!  Of course, there is always one looking the other way, or with their eyes closed, or both!  Fun times!   The winners of the Ugly Sweater contest! … [Read more...] about Feel Good Friday! Sinclair Prosser Gasior celebrates with Ugly Sweater contest!

Learning from Whitney Houston’s Estate Plan

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  The world was shocked with the tragic death of iconic superstar Whitney Houston. Her passing was unexpected, and the fact that she had estate planning in place was surprising to many. One of the bright spots in this sad story is that she planned for the unexpected such that her family would have guidance as to the distribution of her assets. According to various news agencies, Whitney Houston’s … [Read more...] about Learning from Whitney Houston’s Estate Plan

Sinclair Prosser Gasior Celebrates 20 Years of Estate Planning

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Sinclair Prosser Gasior was recently honored by the American Academy of Estate Planning Attorneys in recognition of 20 years of membership.  The award was presented to me and is transcribed “For Transforming the Lives of Families”.  Looking back on those 20 years, I have the following to share with you. My father, Ron Sinclair, joined the American Academy of Estate Planning Attorneys in the … [Read more...] about Sinclair Prosser Gasior Celebrates 20 Years of Estate Planning

Sinclair Prosser Gasior Celebrates Their 20 Year Membership with the American Academy of Estate Planning Attorneys

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  Sinclair Prosser Gasior Celebrates Their 20 Year Membership with the American Academy of Estate Planning Attorneys" by Attorney Colleen Sinclair Prosser … [Read more...] about Sinclair Prosser Gasior Celebrates Their 20 Year Membership with the American Academy of Estate Planning Attorneys

Why Flexibility in Your Estate Plan is Important

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The uncertainties of life necessitate flexibility in your estate plan.  Some questions that may come into mind to clarify this point are: Do you know how much your assets will be worth upon your death? Do you know who will be around to make decisions on your behalf? Do you know if your family will get along? Where they will be living? Unfortunately, no one has a crystal ball to see into the … [Read more...] about Why Flexibility in Your Estate Plan is Important

Maryland Has Both an Estate Tax and an Inheritance Tax

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Maryland has its own estate tax separate from the federal estate tax.  On May 15, 2014, Maryland Governor Martin O’Malley signed House Bill 739, Maryland Estate Tax – Unified Credit – into law.   With this law, the Maryland estate tax exemption will gradually increase on an annual basis until it matches the federal estate tax exemption in 2019. To calculate whether or not your estate will owe a … [Read more...] about Maryland Has Both an Estate Tax and an Inheritance Tax