As part of the estate planning process, many of us consider purchasing a burial plot in order to help ease our families with making difficult decisions regarding final disposition. Some of us already have burial plots that have been passed down through the generations as our grandparents bought plots for the entire family. However, situations such as divorce, family disputes, changes in religious … [Read more...] about How Can I Sell My Burial Plot?
"Safeguarding Original Documents Is Important!" by Attorney Victor Lembo (Audio) In this electronic age of copy machines, fax machines, and scanners we often lose sight of the distinction between an original document and one that has been copied, faxed, or scanned. However, at times, especially in estate planning, there is no substitute for an original. J. Douglas King’s family found out … [Read more...] about Safeguarding Original Documents Is Important!
"Don’t Junk that Old Car Yet!" by Attorney Victor Lembo (Audio) Recently, the owner of a 1970 Ford Mustang put his car on eBay for sale. According to reports, the Mach 1 appeared to have faded paint and some wear and tear, but the true value of the vehicle was hidden. The Denver-based owner first used it in high school and sold it in 1984. However, he recently tracked it down and bought it back … [Read more...] about Don’t Junk that Old Car Yet!
"Why Do Heirs Prefer Trusts?" by Attorney Victor A. Lembo (Audio) Many individuals desire to have an efficient administration of their possessions and assets when they pass away. We all know there may be complexities in handling an estate after death, but most families want privacy and peace. Creating a trust will help provide your heirs or beneficiaries their inheritance in an effective … [Read more...] about Why Do Heirs Prefer Trusts?
When a loved one passes away, our lives are suddenly turned upside down. Family needs to be notified. The funeral must be planned. Bills start stacking up. The list goes on. We have various emotions, all the while knowing that as time progresses, legal matters require attention. While you may attempt to "do-it-yourself,” there are a number of pitfalls and problems that can come with serious … [Read more...] about Dangers of Do-It-Yourself Estate Administration
"What’s Your Generation?" by Attorney Victor Lembo (Audio) Whether sitting at the doctor’s office, ordering dinner, or simply watching television, there are constant reminders about how we grew up and how we like to do things. For example, how do you get to the doctor – perhaps you walk, drive or Uber? Do you prefer to eat in the restaurant, pick up curbside, or order through an app? Do you … [Read more...] about What’s Your Generation?
"Insurance to Protect Your Assets" by Attorney Victor Lembo (Audio) We all want to ensure our families are protected in times of need, as we never know what life has around the next corner. Keeping your money secure can be a challenge, and as estate planning attorneys, SinclairProsser Law can help make certain that you are taking the necessary steps to protect your family and assets. For … [Read more...] about Insurance You Need to Protect Your Assets
"What’s In Your Mailbox…After Death?" by Attorney Victor A. Lembo (Audio) We all know we have to check the mail. Yes, there may be bills or important documents, and there may even be a greeting card or coupons for your next shopping trip. But when you pass away, have you wondered what will happen to your mail? How does the post office learn of your death? Who has access to your mail and who … [Read more...] about What’s In Your Mailbox…After Death?
"The Advantages of Portability" by Attorney Victor Lembo When a decedent dies, a federal estate tax return (IRS Form 706) is not required to be filed unless the decedent’s gross estate exceeds their remaining federal estate tax exclusion. In 2019, for someone who has not used any exclusion during their lifetime, this would be $11.4 million. Maryland also has an estate tax, as it decoupled from … [Read more...] about The Advantages of Portability
"Luke Perry’s Estate Plan to Protect His Family" by Attorney Victor Lembo The pop culture world was saddened to learn of the death of Luke Perry, who died tragically on March 4, 2019, surrounded by family and friends. Perry, whose full name was Coy Luther Perry, III, rose to fame as he starred on the popular 90’s show “Beverly Hills 90210”. He passed due to a stroke that he suffered just days … [Read more...] about Luke Perry’s Estate Plan to Protect His Family