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Understanding the difference between a Probate and a Non-Probate Asset

April 13, 2016 by Timothy A. Costello in Articles

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Understanding the difference between a Probate and a Non-Probate Asset When people think of inheritance, they typically think about what they may inherit under the Will of a loved one.  However, assets that are distributed by a Will often are not the only assets that a person owned.  Many people who create an estate plan […]

The New Year is a Good Time to revisit your Estate Plan

January 5, 2016 by Timothy A. Costello in Articles

The New Year is a Good Time to revisit your Estate Plan Ok.  So reviewing your estate documents may not sound like the most exciting way begin the new-year.  However, it may be one of the most important things you do this year and, in reality, does not take a great deal of time. Check […]

Planning for Young Families

September 28, 2015 by Timothy A. Costello in Articles

Let’s face it.  We make decisions about our families everyday.  Some of them more routine: Who has time to make a trip to the grocery store?  Some of them more difficult: Should we refinance the house?  Having a conversation with your spouse about setting up an Estate Plan for your family can be one of […]

The Maryland Trust Act and Your General Power of Attorney

August 26, 2015 by Timothy A. Costello in Articles

On January 1, 2015 the Maryland Trust Act (“MTA”) went into effect.  The MTA is the legislature’s adoption of a modified version of the Uniform Trust Code.  The Uniform Trust Code is a compilation of generally accepted common law principles designed to provide uniformity in the area of trust administration and interpretation across the nation.  […]

A New Estate Tax Break for Married Individuals

July 10, 2015 by admin in Articles

The IRS issues rules detailing generous estate-tax break for millions of Married Individuals Portability, what is it and is it worth it? The estate tax exemption is the amount of assets you can leave to individuals other than your spouse without having to incur any federal estate tax liability.   The current 2015 federal estate tax […]