July 2013 Posts

  • Newly Married . . . Planning the Next Chapter

    As a newly married couple, you probably spent a lot of time planning your wedding and honeymoon and now you're ready to plan the rest of your lives together. Very few married couples, however, realize the importance of putting plans in place to care for each other in the event of a tragedy or even just the natural passing of the years. Every married couple, whether newlyweds or golden anniversary couples, need to ensure they have effective estate plans in place to protect and provide for their spouse . . . in sickness and in health....
  • Beware of Estate Tax Law Changes for 2013

    The 2013 tax legislation, known as the American Taxpayer Relief Act of 2012, dealing with the 'fiscal cliff' included significant revisions to the estate tax law that will affect estate planning for the foreseeable future. These tax law changes affect Americans of all income levels. These revisions were implemented for federal tax issues; remember that Maryland has "de-coupled" from the federal estate tax and imposes its own estate tax on much lower asset thresholds....
  • Young Families Need Estate Planning, Too

    Many young families put off estate planning because they are young and healthy, or because they don't think they can afford it. But even a healthy, young adult can be taken suddenly by an accident or illness. While none of us expects to die while our family is young, planning for the possibility is prudent and responsible. Estate planning does not have to be expensive; a young family can start with the essential legal documents and term life insurance, then update and upgrade as their financial situation improves or become more complex....