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Annapolis Estate Planning Attorneys

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Why Traditional Estate Planning May Not Be the Answer

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   Most estate planning lawyers, accountants, and financial advisors in the field of traditional estate planning are taught only two things: protect the clients’ material wealth from the evils of probate and taxes.  Now let me ask you, just as a reality check, how do most people actually plan their estates?  In our experience, they either do nothing or they create a simple Will, to look after a … [Read more...] about Why Traditional Estate Planning May Not Be the Answer

The Importance of Funeral Pre-Planning

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  The importance of funeral pre-planning is often ignored. No one likes to think about death or making final arrangements for themselves or a loved one.  However, pre-planning your funeral may be one of the biggest comforts you can give your family at the time of your death.  When deciding whether or not pre-planning your funeral is right for you, there are three important factors to take into … [Read more...] about The Importance of Funeral Pre-Planning

Medicare and Observation Status

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   For those over the age of 65, Medicare is often an integral piece of the puzzle when it comes to health care. Medicare will pay for certain visits to the hospital. However, one important question will dictate what is paid for during that stay, and what may be paid for after you leave the hospital. That question is whether you are in the hospital as an “inpatient” or simply under “observation” … [Read more...] about Medicare and Observation Status

Beneficiary Designations

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If you have an employer-sponsored retirement plan, life insurance policy, annuity, or other  retirement account, you probably specified a beneficiary to inherit the proceeds upon your death.  Beneficiaries can also be named on brokerage accounts, certificates of deposit, mutual fund accounts, and checking or savings accounts. These accounts become known as payable on death, or transfer on death … [Read more...] about Beneficiary Designations

Medical Assistance Spend Down Process for Nursing Home Costs

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   Having to pay for long term care expenses such as a nursing home can be traumatic to any family.  The cost of the average nursing home is over $10,000.00 a month.  Very few couples have the means to pay this amount over a long period of time.  The scariest part for most couples is there is no end date.  You start paying $10,000.00 a month from your accumulated savings and you don’t know for how … [Read more...] about Medical Assistance Spend Down Process for Nursing Home Costs

“Guardianship Provisions are Essential to an Estate Plan”

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An important part of a comprehensive estate plan is the designation of a guardian for minor children in each parent’s Last Will and Testament.  Without such a designation, a court will decide who will care for your children in case of your death or incapacity. When meeting with an attorney to create your estate plan, you will want to discuss who will take care of your child or children if you … [Read more...] about “Guardianship Provisions are Essential to an Estate Plan”

“You’ve Signed Your Estate Planning Documents, Now What?”

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  You met with an estate planning attorney to establish a comprehensive estate plan that will protect your assets and continue to provide for your family when you cannot.  Today you signed your Revocable Living Trust, Pour-Over Will, Property Power of Attorney, Health Care Power of Attorney, Living Will and Medical Directive.  You feel pretty good about yourself and pleased that you have taken the … [Read more...] about “You’ve Signed Your Estate Planning Documents, Now What?”

I’ve Signed My Estate Planning Documents – Now What? (Audio)

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  " I've Signed My Estate Planning Documents - Now What?" by Attorney Jon G. Gasior … [Read more...] about I’ve Signed My Estate Planning Documents – Now What? (Audio)

4 Important Reasons Why You Need an Estate Plan

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Some believe they have not accumulated enough wealth or assets to warrant an estate plan at the present moment.  In light of the fact that many young people are saddled with debt, either from credit cards or student loans, it may seem unnecessary to formulate a plan that transfers wealth if your liabilities exceed your assets. However, a simple will is important for young couples who have children … [Read more...] about 4 Important Reasons Why You Need an Estate Plan

4 Important Reasons Why You Need an Estate Plan? (Audio)

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  "Four Important Reasons Why You Need an Estate Plan" by Attorney Brooke Shemer … [Read more...] about 4 Important Reasons Why You Need an Estate Plan? (Audio)

Listen to “Your Estate Matters” tomorrow morning (Tuesday) @ 8:50 a.m. on WNAV Radio

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Make sure to tune in to WNAV Radio on 1430 AM or 99.9 FM on Tuesday mornings at 8:50 a.m.  for YOUR ESTATE MATTERS! The attorneys of Sinclair Prosser Gasior relate cutting edge estate planning information to keep you up to date.  The topic tomorrow is "Do I Need an Estate Plan?" by Attorney Brooke Shemer. … [Read more...] about Listen to “Your Estate Matters” tomorrow morning (Tuesday) @ 8:50 a.m. on WNAV Radio