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!
The seminar schedule for our Free Estate Planning March 2017 seminars has been posted at https://www.sinclairprosserlaw.com/seminars/ Once there you will be able to register for our seminar and download our Free Estate Planning Worksheet. There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your … [Read more...] about Free Estate Planning seminar schedule for March 2017 is now available!
Special needs trusts are essential when a person with disabilities has assets to protect. Whether the person with the disability has funds, receives funds from a personal injury settlement, or receives funds and property as a gift, the money must be managed carefully. It also has to be owned in an appropriate manner so the assets do not prevent or threaten Medicaid eligibility or eligibility for … [Read more...] about Special Needs Trusts
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)
Many people ask what is involved when there is a probate estate. Probate is the process of gathering and distributing a person's assets after death. If the individual died with a will, the will must be filed with the Register of Wills. Property owned by the decedent must be inventoried and appraised. Only assets owned solely in the decedent's name, as well as property owned jointly as tenants … [Read more...] about “What is Probate?” by Attorney Brooke Shemer