"Aretha Franklin's Estate Plan vs John McCain" by Attorney Jon J. Gasior In recent weeks, the US lost two major figures in the US public spotlight, Singer Aretha Franklin and Senator John McCain. They will long be remembered for their contributions to their fields for decades to come, and are both leaving behind valuable lessons in estate planning. Aretha Franklin died with a net worth of … [Read more...] about Aretha Franklin’s Estate Plan vs John McCain
"When is it Too Late to Create an Estate Plan?" by Attorney Jon J. Gasior (Audio) You may be considering exploring estate planning options for either yourself or your family, and you may even be wondering if you waited too late to create an estate plan. The answer to that question generally is no. However, there are some exceptions. The Maryland law states that “any person may make a will if … [Read more...] about When Is It Too Late To Create An Estate Plan?
"Mistakes in Medicaid Planning" by Attorney Jon J. Gasior Audio Medicaid planning is one of the most important things for you to do if you hope to protect your assets and if you want to make sure you are able to get care you need as you get older. Unfortunately, many people have misconceptions about Medicaid planning or they make mistakes during the process that can cost … [Read more...] about Common Mistakes in Medicaid Planning
"When a Will Isn't Enough" by Attorney Jon J. Gasior (Audio) Estate planning attorneys help you to prepare a legally valid last will and testament. When most people think of estate planning, a last will and testament is the first thing that comes to mind. A will can be an effective and powerful tool that gives you control over who inherits your money and property, but unfortunately creating a … [Read more...] about When a Will Isn’t Enough
"Why is the Titling of Assets So Important?" by Attorney Jon J. Gasior In estate planning the titling of assets is often the most important consideration of how those assets will be distributed upon death. If you have not taken time lately to review how all of your assets are titled and how beneficiaries are designated, it can be a useful exercise. Let’s look at a few examples: Brother … [Read more...] about Why is the Titling of Assets So Important?
"Estate Planning for Young Families" by Attorney Jon J. Gasior (Audio) Often I hear people tell me, I do not need any estate planning documents because I am too young, I do not have any assets to worry about! Estate planning is not always about how much money you have and estate tax planning. If you do not have an estate plan in place, each state has its own set of laws that will have a plan … [Read more...] about Estate Planning for Young Families
"The High Cost of Long Term Care in Maryland - Genworth Report" by Attorney Jon J. Gasior The cost of long term care is one of the most significant costs that a family may face in their lifetimes. Each year, Genworth conducts a survey to attempt to gather the most up to date cost of care estimates all over the country. When planning for long term care expenses, it is important to know exactly … [Read more...] about The High Cost of Long Term Care in Maryland – Genworth Report
"Estate Tax Update" by Attorney Jon J. Gasior (Audio) Late in 2017, Congress passed the Tax Cuts and Jobs Act. This new tax law changed a number of income tax laws, but it also changed an important estate tax law. Prior to the Tax Cuts and Jobs Act, an individual could exempt up 5.49 Million dollars before their estate was subject to an estate tax. The new tax law increased the exemption up … [Read more...] about Estate Tax Update
"How to Pick a Legal Guardian for Your Kids" by Attorney Jon J. Gasior (Audio) Estate planning and elder law attorneys provide assistance with the key estate planning issues that you must address as you look forwards towards your future. There are many different reasons to create an estate plan, even if you are relatively young and in good health. You never know what tomorrow will bring, so … [Read more...] about How to Pick a Legal Guardian for Your Kids
"Five Reasons to Create a Living Trust Today" by Attorney Jon J. Gasior (Audio) A living trust attorney can help you to determine if you should create a trust. Living trusts are versatile and valuable legal tools that are often part of estate plans and incapacity plans. They can be used to protect your wealth and to protect your loved ones, although there are some limitations associated with … [Read more...] about Five Reasons to Create a Living Trust Today