Costly Mistakes with 401(k)s
December 17, 2019
This is a big one. The IRS would love for you to take every penny out of your 401(k) when you change jobs for one very good reason: more tax revenue.
Downs Law Firm, P.C.
Laurel Maryland Estate Planning Blog
How Do Special Needs Trusts Work?
December 16, 2019
The most common question faced by special needs parents and caregivers is, ‘What will happen if I am not here?’
Strategies for the “Sandwich” Generation
December 12, 2019
You do not have to be raising young children to be in the sandwich generation. Your children might be adults but need financial help because of student loans or other financial pressures.
So You’ve Been Asked to be Executor…
December 10, 2019
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
Rethinking Nutritional Guidelines
December 9, 2019
There is a great deal of misinformation about the nutritional needs of older adults.
An Inheritance and Divorce?
December 4, 2019
An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.
Power of Attorney Instead of a Will?
December 4, 2019
Does a Power of Attorney ever lapse? What happens if I change my mind and want to take the Power of Attorney back? Can the Power of Attorney refuse to return the authority?
Does a Trust Beneficiary Pay Income Taxes?
December 3, 2019
Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust’s income rather than the trust itself paying the tax. However, such beneficiaries are not subject to taxes on distributions from the trust’s principal.
Are You Prepared for Aging In Place?
November 27, 2019
‘Aging in place’ is what most of us want—to stay home in our comfortable environment as we age and receive care in the home when needed rather than moving to a nursing home or assisted living facility.
Having a Business Succession Plan is Not Just for You
November 26, 2019
As closely held business owners know, their financial plans, retirement plans, and estate plans are inextricably linked to the value of the business.
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