HEETS – Health and Education Exclusion Trust

We often have clients who wish to leave assets to their grandchildren and skip over their children, who already have enough wealth. While there are ways to accomplish this goal, the IRS imposes a Generation Skipping Trust Tax which can...

Published On: Thursday, July 18, 2019

What is a Qualified Disclaimer?

A Qualified Disclaimer occurs when a beneficiary of a will or trust refuses to accept the property or assets bequeathed to him or her. When the beneficiary submits a qualified disclaimer, the IRS allows the property to move to the...

Published On: Wednesday, July 17, 2019

Upcoming Workshop on July 18th and July 23rd at 6pm

Our workshops are designed to be educational, interactive, informative and generate relevant discussion for attendees. Modern Estate Planning is more than just preparing a will and putting it in a safe. Find out how a comprehensive Estate Plan will protect...

Published On: Tuesday, July 16, 2019

Comparing Joint Versus Separate Trusts for Married Couples

Traditionally, joint trusts reigned as the most popular among married couples due to their less expensive start up costs and ease of management. There are some advantages that in some situations make the extra cost worth creating and managing separate...

Published On: Monday, July 15, 2019

A New Trend in Senior Living: Granny Pods and MedCottages

With the explosion of tiny homes peppering the communities throughout Maryland, it is no surprise that the trend expands into the senior market. Two main types of alternative living arrangements for seniors are: Granny Pods: Small cottages placed on the...

Published On: Friday, July 12, 2019

Medicare’s New “What’s Covered” App Recently Launched

Medicare recently launched a free app that gives beneficiaries a way to quickly see whether it covers a specific medical procedure or service. No more poring through a cumbersome website or calling and waiting to speak to a representative. This...

Published On: Thursday, July 11, 2019

What is Adjusted Basis for Tax Purposes?

The amount of capital gains tax or capital loss is based on the difference between your adjusted basis and the amount for which you sell the asset. The adjusted basis of an asset is its cost after adjusting it based...

Published On: Wednesday, July 10, 2019

Upcoming Estate Plan Workshops

Our workshops are designed to be educational, interactive, informative and generate relevant discussion for attendees. Modern Estate Planning is more than just preparing a will and putting it in a safe. Find out how a comprehensive Estate Plan will protect...

Published On: Tuesday, July 09, 2019

5 Questions to Ask Yourself Before Signing Off on Your Advance Directives

Advance Directives are legal documents that you allow you to disclose your wishes about end-of-life care options. You spell out how you would like for your family and health care professionals to handle various situations should any of those arise....

Published On: Monday, July 08, 2019

Long Term Care Myths

According to the U.S. Department of Health and Human Services, someone turning age 65 today will have a 70 percent chance of requiring some long-term care (LTC) service and support during the remainder of their life. In the case of...

Published On: Friday, July 05, 2019

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