Strategic use of life insurance frequently is a key aspect of comprehensive estate planning, solving a wide variety of estate planning challenges from providing liquidity to pay estate taxes, to charitable bequests and ensuring the continuation of a closely-held business. One of the key characteristics of life insurance, however, making it such a versatile estate planning tool, is preferential tax treatment. Properly structured, life insurance proceeds pass tax-free to beneficiaries, and earnings on investments held within certain types of “permanent” life insurance also generally accrue tax-free. According to a recent article in The Wall Street Journal, there is some national…
I ran across an article at New Jersey online last week with advice about how to pick a team of professional financial advisors. I was pleased to see the writer included estate planning attorneys as part of your essential advisory team! I also thought some of their tips for choosing an attorney were worth passing along: Think about your needs and then find an attorney who specializes in meeting them. For example, if you have elder-care issues, or tax concerns, find an attorney who is experienced at resolving issues similar to yours. Visit the websites of some of the professional…
As reported in the ABA Journal the U.S. Supreme Court has agreed to hear an appeal by the heirs of Anna Nicole Smith in a battle over her late husband's fortune. The 9th U.S. Circuit Court of Appeals ruled in March that Smith's heirs were not entitled to the millions of dollars she sought from J. Howard Marshall's estate after her year-long marriage to the elderly billionaire ended with his death. Marshall did not include Smith in his will, but she had claimed he was improperly influenced by his son, Pierce Marshall, who interfered with the elder Marshall's estate plans….
We, at Senior Life Care Planning, provide our clients, families, and caregivers, with a support system, expertise and resources they need to better navigate the many health care, legal, and financial complexities associated with aging.
Regardless the legislative fate of the federal estate tax, there is another aspect of your estate that you will want to consider – your Probate Estate.
If LegalZoom is no longer producing wills, trusts or other legal documents in State of Washington, why is LegalZoom not being pursued by Maryland’s Attorney General?
We provide our clients, families, and caregivers, with a support system, expertise and resources they need to better navigate the many health care, legal, and financial complexities associated with aging.
Frederick, MD 
301-663-9230
