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Annapolis Estate Planning Attorneys

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I Was Named the Trustee of an Estate, Now What?

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  One of your close relatives recently passed away and you found out you were appointed the trustee of the estate.  You are wondering what to do now.  Some items need to be done as required by law and others are necessary to make sure the estate settlement process runs smoothly. I often tell people there are 20 things to do and it seems that they all need to get done as soon as possible.  … [Read more...] about I Was Named the Trustee of an Estate, Now What?

How Does a Reverse Mortgage Work?

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  A reverse mortgage is a type of home loan that is given to you as a portion of the equity in your home. These types of mortgages can also be called Home Equity Conversion Mortgages and are different than a standard home equity line of credit. A typical home equity line of credit requires that the borrower make monthly payments on principal and interest, but a reverse mortgage pays the borrower. … [Read more...] about How Does a Reverse Mortgage Work?

The Maryland Trust Act

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  On May 15, 2014, Governor O’Malley signed the bill to enact the Maryland Trust Act.  The Act took effect on January 1, 2015 and governs trust law in Maryland. The Act was needed for several reasons. Currently, there is no comprehensive codification of trust law in Maryland.  The law is scattered amongst statutes and case law.  Because of this, it is not readily available to individual … [Read more...] about The Maryland Trust Act

Good Decisions are Important in Creating Your Estate Plan

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 When you create an estate plan, you choose people to make decisions for you, such as agents, guardians, executors, or trustees. Often, people do not give much thought to those decisions, just naming their oldest child or whoever pops into their mind. The choices for these roles are perhaps the most important decisions to make. Good choices can help to ensure your wishes are carried out while bad … [Read more...] about Good Decisions are Important in Creating Your Estate Plan

What is Involved in Administering an Estate?

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As the attorney in the office that assists trustees and executors with the transfer of assets after death, I have the opportunity to work with many families concerning unique and interesting issues.  I always tell my clients that the less family, assets and wealth they have, the easier it is to administer the estate.  However most people don’t live their lives in order to make estate … [Read more...] about What is Involved in Administering an Estate?

The ABLE Act – Achieving a Better Life Experience Act)

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  What is the ABLE Act? The act is a bill that was introduced in Congress in 2013. It was recently passed by the House, and is up before the Senate.  The ABLE act would amend Section 529 of the Internal Revenue code to create tax-deferred savings plan for those individuals with disabilities without affecting those individual’s eligibility for Medicaid or Supplemental Security Income, or … [Read more...] about The ABLE Act – Achieving a Better Life Experience Act)

The ABLE Act – Achieving a Better Life Experience Act

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  "The ABLE Act - Achieving a Better Life Experience Act" by Attorney Jon J. Gasior … [Read more...] about The ABLE Act – Achieving a Better Life Experience Act

Free Estate Planning Seminars Next Week! Register now!

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  The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!

Access to Digital Information

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We can all agree that we currently live in the Digital Age.  We have seen the Stone Age, the Industrial Age, the Modern Age and now … the Digital Age.  The Digital Age has a lot of benefits: paperless access to important documents, instant communication, immediate photo development, keyless access to home and automobiles, and countless other conveniences.  However, the Digital Age also presents … [Read more...] about Access to Digital Information

End of the Year Reminders

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  As we approach the end of the year, we become busy with holiday celebrations, visits with family and friends, and vacation.  Our to-do lists grow longer and many items and resolutions are pushed to the next year. However, it is important to keep in mind various deadlines, whose dates are not as flexible as some of our other goals. Minimum required distributions If you are age 70 ½ and … [Read more...] about End of the Year Reminders

End of the Year Reminders (Audio)

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  "End of the Year Reminders" by Attorney Brooke J. Shemer … [Read more...] about End of the Year Reminders (Audio)