If you are thinking about leaving money to someone who isn't very good with managing financial matters, you may wish to consider using a spendthrift trust. A spendthrift trust is a powerful tool that makes it possible for you to protect a loved one from himself. If you have worked hard to build a legacy that you are going to leave to your family members, you don't want someone's … [Read more...] about How Does a Spendthrift Trust Work?
The clock is ticking! If you have not yet signed up for one of our Free Estate Planning Seminars, time is running out! The Waldorf location is already full! We still have seats at Chesapeake Beach, Edgewater, Annapolis and Bowie but they are filling up fast! The presentation establishes the necessary components of an effective estate plan. It is delivered as a case study profiling the … [Read more...] about Free Estate Planning Seminars Next Week! Register now!
Medicaid eligibility is essential if you need nursing home care in the state of Maryland. In Maryland, the average annual cost of a semi-private room in a nursing home is $101,379. For a private room, you can expect to spend an average cost of around $110,230, according to the Genworth Financial 2015 Cost of Care Survey. Most insurance won't pay for this when you need care, so you could end up … [Read more...] about Why Mediciad Eligibility Matters If You Need Nursing Home Care
THE ANNAPOLIS SEMINAR IS NOW FULL BUT WE HAVE PLENTY OF SEATS STILL AVAILABLE IN BOWIE, EDGEWATER AND CHESAPEAKE BEACH! Sinclair Prosser Gasior is please to invite you to our upcoming Estate Planning Seminars in September of 2016. To register visit https://www.sinclairprosserlaw.com/seminars/ or call (410) 573-4818 and (301) 970-8080. The presentation establishes the necessary components … [Read more...] about Did you forget to sign up for our FREE Estate Planning Seminars – September 2016
The spousal elective share is a holdover from English common law. It is derived from the idea of dower or curtesy. The idea behind an elective share is that if one spouse disinherits the other, the surviving spouse may still elect to receive a portion of the deceased spouse’s estate. Currently in Maryland if there are surviving children, the spouse may elect to take 1/3 of the deceased spouse’s … [Read more...] about What Is The Spousal Elective Share?
"What is the spousal elective share?" by Attorney Jon J. Gasior … [Read more...] about What Is The Spousal Elective Share?
"Being the Trustee of a Medicaid Asset Protection Trust" by Attorney Jon J. Gasopr … [Read more...] about Being the Trustee of a Medicaid Protection Asset Trust (Audio)
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?
Medicaid Planning is a very important part of any estate plan. If you do not want to pay out of pocket for nursing home care, and would like Medicaid to pay for your nursing home, you need to plan for how to do this. When meeting with clients, I often get asked “If I go into a nursing home, will I lose my house?” The answer is complicated, but if the state’s medical assistance program, … [Read more...] about Medicaid Planning and Your Home
"Medicaid Planning and Your Home" by Attorney Jon J. Gasior … [Read more...] about Medicaid Planning and Your Home (Audio)