As the COVID-19 pandemic continues to ravage the country, doctors across the nation are joining lawyers in urging Americans to create the proper estate planning documents, so medical providers can better coordinate their care should they become hospitalized with the...
It is safe to assume that most of us living in the Greenbelt, Maryland, area know at least a little about estate planning. It seems as if just when you begin to understand the terminology used in estate planning, another term (legacy planning) arises. Many of you have...
On January 1, 2020, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) went into effect, and it could have big implications for both your retirement and estate planning strategies-and not all of them are positive. Last week, we discussed three...
Personal Note: Today in the United States, we celebrate the Memory of a national Icon, Rev. Martin Luther King Jr. and all that he did when he led the Civil right movement of the 1950's and 1960'S. We in America today enjoy the benefits of one man who stood with his...
Personal Note Hello There, Summer is winding down and we are unofficially moving into fall. Students are back in school also. This is to wish all students, teachers and administrators a successful school year. Parents also have an important role to play in supporting...
As you already know, the COVID-19 pandemic means nothing is business as usual. Many states have implemented a "shelter-in-place" order to limit the spread of the disease; however, if you are not in a place with such an order, or if your parents are not following it,...
When you create your estate plan, the idea that one of your adult children would ever use their inheritance to bankroll a cult is probably something you’d never dream of, much less anticipate. Yet that’s exactly what 40-year-old Clare Bronfman, heiress to the...
Many people come to us curious (or confused) about trusts and taxes. So today's article is going to sort it out and clarify things for you. There are two types of trusts, and each have different tax consequences. Revocable trusts, which are the far more commonly used...
In late February, Luke Perry, who became famous starring in the 1990s TV series Beverly Hills 90210, suffered a massive stroke at age 52. He was hospitalized under heavy sedation, and five days later, when it became clear he wouldn't recover, his family decided to...
No matter how well you think you know your loved ones, it's impossible to predict exactly how they'll behave when you die or if you become incapacitated. Of course, no one wants to believe their family would ever end up battling one another in court over inheritance...