Olivia R. Holcombe-Volke, Esq., Associate- Elville and Associates writes: Recent changes in Maryland law highlight the importance of an ongoing relationship between a trustee and the attorney who drafted the trust document. With the Maryland Trust Act going into effect on January 1, 2015, there are several new statutory requirements with which a Maryland trustee […]
By: Bridgette E. Becker, Esq., Associate Attorney During the holiday season, many people become more conscious of charitable contributions or choose to make their yearly contributions as the calendar year comes to a close. As estate planning attorneys, we counsel our clients that you do not only have the option to give to charities and […]
The American Taxpayer Relief Act of 2012 A wonderful client of mine recently shared a joke with me. I thought the joke so humorous, and later, so applicable to many situations in life, that I feel it bears telling again – here it is. Two men (acquaintances) unexpectedly see each other at […]
Maryland’s new General and Limited Power of Attorney Act – for decades, powers of attorney in Maryland were largely unregulated – evidenced by a dearth of statutory provisions in the Annotated Code of Maryland. Subsequently, among many other problems, banks, brokerage firms, insurance companies, and other financial institutions could refuse to accept or […]
A principle of good estate planning is that there is no “one size fits all” estate plan. Every estate plan should be customized for the particular needs and desires of a family or individual whether or not the estate is “taxable” (in 2012, over one million dollars for state estate tax purposes, or over five […]
Many clients take advantage of our Legacy System to fully educate themselves and their families about all of the options available to them in modern estate planning, including providing a personalized planning structure for loved ones, passing along one’s values through planning (purposeful planning), providing a shell of protection (asset protection) for the shares of […]
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