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Our Last Estate Planning Seminars of 2015

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  Sinclair Prosser Gasior will be presenting the last Free Estate Planning Seminars of 2015 in a little over 3 weeks from now!  This is your opportunity to get the wheels in motion in establishing a comprehensive estate plan.  You set the goal in January of this year and now the year is almost gone!  But it's not too late to get started now!  You will find the seminar dates, locations and times by … [Read more...] about Our Last Estate Planning Seminars of 2015

Communication is Key in End-of-Life Planning

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  In a perfect world, aging parents would all get along with their adult children, and end-of-life matters would not place a strain on relationships. Unfortunately, the world is not perfect. As such, dealing with matters of estate planning and administration may not always be rosy. In some cases, it can be downright difficult, such as when a deceased person’s children feel the need to challenge … [Read more...] about Communication is Key in End-of-Life Planning

Communication is Key in End of Life Planning (Audio)

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  "Communication is Key in End of Life Planning" by Attorney Nicole Livingston Information provided by the American Academy of Estate Planning Attorneys and shared courtesy of Attorney Nicole Livingston, Sinclair Prosser Gasior … [Read more...] about Communication is Key in End of Life Planning (Audio)

What is Elder Financial Abuse

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  There are various types of elder abuse that occur against the older generation. As the baby boomer population increases, this sect of individuals will encounter new challenges and elder abuse will unfortunately expand into new territory. Different types of abuse consist of physical abuse, emotional abuse, exploitation, neglect and abandonment. Financial abuse is where there is misuse or … [Read more...] about What is Elder Financial Abuse

Jim Thorpe

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 Recently my husband, Les, and I took a trip to the town of Jim Thorpe, Pennsylvania to visit the memorial of the person Jim Thorpe.  Born in Oklahoma Territory in 1887, Mr. Thorpe was named Athlete of the 20th century, an Olympic gold medal winner and the first commissioner of what is now the National Football League.  When he died in Lomita, California in 1953, the Pennsylvania towns of Mauch … [Read more...] about Jim Thorpe

Is Estate Planning Important for Young Adults?

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  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?

Avoiding Conflicts When it Comes to Distributing Trust Assets

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  Careful estate planning may help avoid later conflicts and challenges among the beneficiaries and heirs of a person after their death. It is not always easy for a person to discuss these matters with adult children. While communicating with one’s children ahead of time and expressing wishes about distribution of assets may be the ideal way for an individual to handle the situation, realistically … [Read more...] about Avoiding Conflicts When it Comes to Distributing Trust Assets

Avoiding Conflicts When it Comes to Distributing Trust Assets (Audio)

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  "Avoiding conflicts When it Comes to Distributing Trust Assets" by Attorney Nicole Livingston This information was written by Sanford M. Fisch, CEO and Co-Founder of the American Academy of Estate Planning Attorneys and shared courtesy of Attorney Nicole Livingston of Sinclair Prosser Gasior. … [Read more...] about Avoiding Conflicts When it Comes to Distributing Trust Assets (Audio)

Estate Administration and Income Tax

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  A common confusion in estate administration is knowing what income taxes are due after a person’s death.  Now that the Federal and Maryland Estate tax exclusions are increasing, most people will not pay an estate tax on inherited property.  Under the current law, most family members receive inherited assets without paying an inheritance tax.  Capital assets such as stocks, real estate and mutual … [Read more...] about Estate Administration and Income Tax

Trustee Responsibilities of a Medicaid Asset Protection Trust

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  A Medicaid Asset Protection Trust is a valuable tool that many people implement with their estate planning and elder law attorney so that they can protect their assets while still qualifying for Medicaid. A Medicaid Asset Protection Trusts allows you to transfer assets to a special kind of trust where you are not the trustee, and not the principal beneficiary, but still have access to income … [Read more...] about Trustee Responsibilities of a Medicaid Asset Protection Trust

Can the Successor Trustee Purchase Trust Property?

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  By: Sanford M. Fisch, CEO & Co-Founder, American Academy of Estate Planning Attorneys and shared courtesy of Attorney Nicole Livingston, Sinclair Prosser Gasior When you create a revocable living trust, you as the grantor will generally serve as both the trustee and the beneficiary while you are alive and well. If you become unable to make sound financial decisions late in your life, the … [Read more...] about Can the Successor Trustee Purchase Trust Property?