Who Manages Money Inherited by Minors?

Often a will or trust conveying property to a minor will establish a new trust for the management of those assets with a trustee designated to oversee the assets on the minor’s behalf. There are times when trust language is...

Published On: Friday, March 15, 2019

Who Gets the House When Someone Dies?

Who Gets the House When Someone Dies? A family member dies in Maryland owning real property? Who now owns the house? The first step is to look at the language on the deed. A deed contains a Grantor, person or...

Published On: Thursday, March 14, 2019

Preparing for the 2025 Sunset of the Transfer Tax Exemption

While many wealthy clients find the current transfer tax exemption levels for estate and gift taxes to be very favorable being that they are the highest they have ever been (i.e. $11.18 million per individual, or $22.36 million per couple,...

Published On: Wednesday, March 13, 2019

Upcoming Elder Care Workshop March 21st at 10am

Our workshops are designed to be educational, interactive, informative and generate relevant discussion for attendees. Our experienced attorney, Wilson McManus, will be sharing stories on how Elder Care Planning is beneficial and sometimes crucial. Please join us for one of...

Published On: Tuesday, March 12, 2019

Social Security: Claim Some Now and Claim More Later

Social Security: Claim Some Now and Claim More Later A popular Social Security strategy referred to as “Claim Some Now and Claim More Later” will phase out at the end of 2019. The Bipartisan Budget Act of 2015 allowed this...

Published On: Monday, March 11, 2019

Long Term Care Insurance: 4 Tips

Often adult children find themselves navigating complex long-term care policies purchased by their aging parents in hopes of maximizing the benefits for much needed care. Keep in mind these four tips as you review the policy: Failure to pay premiums...

Published On: Friday, March 08, 2019

A Maryland ABLE Account or a Special Needs Trust?

For those with disabilities, a Maryland ABLE account provides tax advantages and does not violate the income restrictions of government aid like Supplemental Social Security (SSI). It affords many of the same protections of a special needs trust. The Stephen...

Published On: Thursday, March 07, 2019

Providing Income to a Second Spouse While Preserving Assets for Your Children

In developing estate plans for individuals who have remarried, we often see a need to help the individual provide income for the spouse while attempting to preserve assets for the children after the surviving spouse subsequently passes away. Typically, property...

Published On: Wednesday, March 06, 2019

Upcoming Elder Care Workshop March 21st

Our workshops are designed to be educational, interactive, informative and generate relevant discussion for attendees. Our experienced attorney, Wilson McManus, will be sharing stories on how Elder Care Planning is beneficial and sometimes crucial. Please join us for one of...

Published On: Tuesday, March 05, 2019

Business Succession Planning Requires a Multi-Disciplinary Approach

Family-owned and small businesses need to plan ahead for the owner’s retirement, death, or disability to ensure the business can move forward intact. This is typically a long-term strategy and ranges from simple to extremely complex depending on the individuals...

Published On: Tuesday, March 05, 2019

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