"Should You Tell Your Kids if You’re Leaving Them Money in Trust?" by Attorney Colleen Sinclair Prosser I am often asked the question, “Should I tell my kids that I am leaving their inheritance in a trust?” and, as a typical attorney, my answer is, “it depends”. Many parents are reluctant to discuss the fact they are creating a trust with their children. There are some good reasons why you … [Read more...] about Should You Tell Your Kids if You’re Leaving Them Money in Trust?
"Can I Contest My Father’s Will?" by Attorney Jon J. Gasior (Audio) No matter how old you are, the loss of a parent is never easy to accept. If you recently lost your father, you are undoubtedly going through a period of grief and heightened emotions. At the same time, there are practical and legal issues relating to your father’s death that must also be addressed. At the top of that list is … [Read more...] about Can I Contest My Father’s Will?
"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?
"Questions To Ask When Choosing a Trustee" by Colleen Sinclair Prosser The attorneys of SinclairProsser Law will assist you with all of the steps that are involved in creating a trust. We can also assist you with understanding the role of a trustee so you can select a person you can count on. Let’s consider some of the key questions you should ask when you are selecting a trustee. Is … [Read more...] about Questions to Ask When Choosing a Trustee
"How Often Should I Meet with an Estate Planning Attorney?" by Attorney Nicole Livingston (Audio) An estate planning attorney can help you to make updates to your plans for your future. You should make certain that you have plans in place, which means you need to reach out to a lawyer for advice if you haven't already thought ahead about incapacity, end of life issues, asset protection, and … [Read more...] about How Often Should I Meet with an Estate Planning Attorney?
Key Steps Which Are Part of Annapolis Estate Planning by Attorney Victor A. Lembo(Audio) The Annapolis estate planning process can involve much more than many people think it involves. While it is common to believe that estate planning simply consists of making a last will and testament, this is simply not the case. There is more that needs to be done and those who want a comprehensive estate … [Read more...] about Key Steps Which Are Part of Annapolis Estate Planning
There are other types of trusts that can be used to satisfy more advanced objectives. For example, high net worth individuals may be exposed to the estate tax. You would face exposure if your assets exceed the amount of the estate tax exclusion. The exclusion stands at $5.45 million in 2016. The portion of your estate that exceeds this amount would potentially be subject to taxation when it is … [Read more...] about Free Report: What Is Included in My Maryland Estate Plan