Life Estate Deeds

The estate planning attorneys at Abraham & Bauer explain the procedures associated with life estate deeds in Maryland.   Today, it is possible to re-title the ownership of many assets by adding a beneficiary. When the asset is real property, for example your house, this occurs through the use of a life estate deed. However,…

Read More

The Importance of Establishing Advance Health Care Directives

More than 10 years ago, after lengthy state and federal court battles, Terri Schiavo’s former husband was allowed to instruct the removal of her feeding tube. At the time, the case garnered national and international attention. Commentary came from actors, the Vatican, members of Congress, then president George W. Bush and his brother, then Florida…

Read More

The Pros and Cons of Co-Owned Accounts

This article specifically addresses the Pros and Cons of accounts that are titled ‘Joint Tenant with Rights of Survivorship’, (JTWROS). Our article on ownership of assets provides further detail on other forms of asset titling. An account, titled in two or more persons’ names that have rights of survivorship, is jointly owned by those individuals.…

Read More

Ownership of Assets

There is a common misconception that all real and personal property will pass through an individual’s estate upon his or her death. Though, some assets avoid the probate process all together depending on how the property is titled. In other words, the titling of an asset establishes ownership. Below are a few methods to establishing…

Read More

Having the Talk: Share Your Estate Plan with Your Family

The estate planning attorneys at Abraham & Bauer, LLC discuss the importance of communicating your estate plan to your family. Have you had “the talk” with your children yet?  No, not that one.  The one about your expectations regarding your estate when you pass away, or your healthcare if you are unable to care for…

Read More

A Single-Minded Approach: Estate Planning for the Unmarried

The attorneys at Abraham and Bauer, LLC discuss estate planning for single individuals. Many single people never stop to consider estate planning. With no family to provide for, they may feel that having a plan isn’t a necessity. However, the truth is that estate planning for single individuals is just as important, and sometimes more complex, than…

Read More

Hospice Care—Choosing Wisely

The elder care attorneys at Abraham and Bauer discuss varying levels of quality in hospice care. Among its many attributes, Baltimore is one of the nation’s leaders in medicine. This reputation for high-quality health care extends to Baltimore’s hospice care providers as well. However, as detailed by a recent series of Washington Post articles, that experience is…

Read More

The IRS Announces the 2015 Estate Tax Figures

1. The federal estate tax exclusion increases .09 million to  $5.43 million. 2. That same figure will be used for the lifetime gift exclusion and generation-skipping transfer tax. 3. The annual gift tax exclusion stays at $14,000. Number three affects a large percentage of the population. Number one and two are for the wealthy, but…

Read More
×

We invite you for a Estate Planning Wellness Check MORE »