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Annapolis Estate Planning Attorneys

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What is Elder Law?

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  You may have heard from a friend or viewed an advertisement that suggests that you seek the advice of an “Elder Law” attorney and thought, what is that and why do I need that? Elder Law is a growing niche practice area for attorneys. It is often thought that any estate planning attorney can deal with elder law issues because many of their clients are often times older, and they deal with death, … [Read more...] about What is Elder Law?

Why Is It Important To Have A Properly Recorded Deed?

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  Why is it important to have a properly recorded deed?  Once you sign your deed, your property is considered transferred from the seller to the buyer.  However, in order for you to be covered to protect yourself from future claims on the title, you should record the deed.  At Sinclair Prosser Gasior, we often prepare revocable living trusts for estate planning purposes.  We prepare a new deed for … [Read more...] about Why Is It Important To Have A Properly Recorded Deed?

Free Report: How Much Can You Transfer Free of Maryland Estate Taxes

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There are a number of states in the union that have state-level estate taxes. We practice law in the state of Maryland, and there is a state-level estate tax in our state. At the present time, the Maryland state estate tax exclusion is $1.5 million in 2015 and is set to increase over the next several years. As a result, you could be exempt from the federal estate tax, but exposed to the Maryland … [Read more...] about Free Report: How Much Can You Transfer Free of Maryland Estate Taxes

Top 10 Reasons For You To Have An Estate Plan Review

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  My clients often ask “How often should I have an estate plan review?”  The answer to this question varies from person to person.  There are many life events that necessitate an estate plan to be reviewed to make sure the provisions in place will achieve the ultimate goal of the client. Marriage can automatically give each spouse some rights in each other’s property.  However, marriage does … [Read more...] about Top 10 Reasons For You To Have An Estate Plan Review

What Should I Bring to My Estate Planning Consultation?

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You have scheduled your estate planning consultation and are starting to prepare for your appointment.  You think to yourself, what should I bring? Meeting with an estate planning attorney can be a daunting task.  It is difficult to confront your own mortality but then also consider your loved ones and the effect that your death may have on them financially.  Here are a few things you can do to … [Read more...] about What Should I Bring to My Estate Planning Consultation?

What is a Trust Protector?

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  A “Trust Protector,” also sometimes called a “Special co-Trustee,” is not really a trustee but is someone who has special power over the trust. Depending upon the trust, they may have the power to modify the trust for changes in beneficiary circumstances or changes in state or federal law. They may have the power to change the situs (location) of the trust to a different site. Let’s look at … [Read more...] about What is a Trust Protector?

Aging Gracefully

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  I met Regina Green 35 years ago.  She was 65, recently retired and was my husband Les’ grandmother.  She recently passed away at the age of 100.  There are many memories I have of her but what I want to share with you today is where she chose to live the last 35 years of her life. Regina was married to Charles Green, a Baltimore City police officer.  They were married for over 50 years.  … [Read more...] about Aging Gracefully

Why is My Power of Attorney So Important?

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  One of the cornerstones of a comprehensive estate plan is a durable financial power of attorney. Whether you are a multi-millionaire, a twenty something just getting started in your adult life, or an elderly person trying to qualify for Medicaid long term care, the power of attorney is a critical component to an effective estate plan. So how does it work? The durable financial power of … [Read more...] about Why is My Power of Attorney So Important?

Often the Little Things Matter Most When Creating Your Estate Planning Documents

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 When you are assisting a family with their estate planning needs, it is essential to consider the smallest items, as those items may very well cause the biggest rifts. Though attorneys may objectively find it difficult to see the value in crafts stashed away in the attic, or an old box of children’s toys, we have a duty to give adequate consideration to these items and to consider what they might … [Read more...] about Often the Little Things Matter Most When Creating Your Estate Planning Documents