 |
As estates and trusts attorneys, we often hear similar questions and misconceptions about what the estate planning process actually entails. Prospects and new clients will ask questions like, “Do I have enough assets to qualify for an estate?” Or “I thought estate planning was something only the ultra-wealthy do.” And the most common of the […]
Read More
As published in citybiz and i95 Business. Sessa & Dorsey, an estates and trusts law firm headquartered in Hunt Valley, Maryland, has announced the addition of Rita G. Browne as an Associate Attorney. Rita’s practice will focus on estates and trusts, as well as tax law for clients throughout the state of Maryland. She handles all […]
Read More
When you create a trust, you must choose someone to serve as the trustee. The trustee will be the person responsible for handling the management and distribution of the assets owned by the trust. Choosing the right trustee is one of the most important decisions you will make on your estate planning journey. The role […]
Read More
Cryptocurrencies and NFTs (non-fungible tokens) have become hot topics in the media and amongst our estate planning clients. Even young individuals with no prior investing experience are getting involved in these new forms of digital currencies. In simple terms, a cryptocurrency is a digital token that is gradually becoming an accepted way to purchase and […]
Read More
If you are looking to make a positive impact on the world, while also reducing your tax liability, we encourage you to consider establishing a donor-advised fund. A donor-advised fund (DAF) serves as a vehicle to donate assets directly to a charity typically of your choosing. However, the sponsoring organization maintains ownership of the fund […]
Read More
Estate taxes are an unfortunate reality for beneficiaries lucky enough to qualify for them. You want your family to enjoy the fruits of your labor and possibly carry on the legacy of your business after you are gone. However, sometimes success comes at a cost. While only a small percentage of estates qualify for the […]
Read More
When most people hear the phrase, “estate asset inventory” they often think of investment accounts, bank accounts, real estate holdings, cars, etc. However, the assets included within your estate should not be limited solely to traditional or big-ticket items. The value of your estate includes all your possessions and belongings, including artwork and other creative […]
Read More
Qualified Charitable Distributions (QCDs) are distributions made directly from your Individual Retirement Account (IRA) to a qualified non-profit organization. Making a donation through a QCD at the right time can not only benefit a charity you feel passionate about, but can also help reduce the income tax impact caused when you begin taking Required Minimum […]
Read More
“How will I be able to provide for my family after I’m gone?” That question has kept some of us awake in the middle of the night. While there is no way to predict the future, resources exist to help you achieve a significant level of peace of mind. Stressing out about things beyond your […]
Read More
This blog is a summary of the key points from our recent webinar. To view the recording of the webinar, please visit here. “What exactly is happening with the proposed estate law tax changes in Washington?” The question has been on a lot of our minds lately. Some people believe business will continue as usual, while […]
Read More