Building and Protecting Families
Posted in Estate Planning on Dec 13th, 2011
Siblings often have trouble agreeing on anything, so why should it be any different when it comes to Mom and Dad’s elder care? Unfortunately, those of us in elder law see quite often how families have a very difficult time when it comes to determining what is best for aging parents. In some cases, one [...]
More About Eler CarePosted in Estate Planning, Trusts, Wills on Dec 12th, 2011
I offer clients the opportunity to sit down with me and review their estate plans at least once each year. However, this doesn’t mean you should wait until your next review if your circumstances change. This Estate Planning Checklist identifies events that could make a significant impact on your estate. If any of these events [...]
More Red Flags That Your Estate Plan Is Out of DatePosted in Asset Protection, Estate Planning on Dec 8th, 2011
As an asset protection lawyer in Bethesda and Upper Marlboro, I find that sometimes it makes sense to advise clients to create multiple LLCs when they own more than one investment property. While it might seem more convenient to simply set up one LLC for all of your properties, you can maximize your asset protection [...]
More About LLCs and Estate PlanningPosted in Asset Protection, Estate Planning, Trust Administration, Trusts on Dec 6th, 2011
When it comes to wills and trust administration, it seems like we see it all here in Bethesda and Upper Marlboro. From pet trusts to special needs trusts, there are a variety of unique circumstances that need to be addressed in many people’s estate planning. One such concern is that of a gun trust. Wills [...]
More About Gun TrustsPosted in Asset Protection, Estate Planning on Dec 5th, 2011
MISTAKE #1 –Choosing a lawyer who will charge you outrageously high hourly rates for simple services. Many lawyers will lure you in with “cheap” basic services and then proceed to rack up the fees as they execute planning services which really should have been covered by the flat fee. When you’re investigating flat fee services [...]
More Estate Planning Mistakes To AvoidPosted in Estate Planning on Dec 1st, 2011
Many people like the idea of choosing a funeral home and making their own arrangements to ensure their loved ones are never burdened with the task. Pre-paid funeral plans allow you to make all the decisions ahead of time and pay for it in installments. Not having your loved ones put in the position of [...]
More About Pre-Paid FuneralsPosted in Estate Planning, Estate Planning Term of the Week on Nov 30th, 2011
Charitable remainder trust – A tax-exempt trust created during your lifetime or at your death that make large donations of property or money to a charity for life or a fixed number of years. Upon termination of the trust, the trust assets pass to the charity. The donor reserves the right to use the trust [...]
Posted in Asset Protection, Estate Planning on Nov 29th, 2011
If you’re thinking about having a prenup drawn up before you tie the knot in Montgomery or Prince George’s County, you may want to find an attorney who focuses on estate planning, too. Perhaps surprisingly to some, a prenuptial agreement can be a key piece of estate planning documentation. Many couples in Bethesda and Upper [...]
More About Prenuptial Agreements and Estate PlanningPosted in Estate Planning, Trusts, Wills on Nov 28th, 2011
As a Maryland estate planning attorney, I meet with many people who do not know if they need a will, a trust or both. So, how do you know if you need a Trust instead of a simple Will? Many people assume that Revocable Living Trusts are only for the wealthy, but Revocable Living Trusts [...]
More About Trust vs. WillPosted in Asset Protection, Estate Planning on Nov 25th, 2011
Couples who choose to marry later in life have different concerns from those marrying earlier, and a good Bethesda estate planning lawyer can help you make the right decisions for your circumstances. Each situation is a little different, but there are some fairly common topics that should be considered: Do the husband and wife have [...]
More About Estate Planning for Couples