Apr 30, 2009

Posted by in Blog - "Altman Speaks"

Planning for Pets: Maryland Authorizes Statutory Pet Trusts

Great news and information for anyone interested in including their pets into their estate plan!  This April, Governor O’Malley signed into law HB 149, which will allow statutory pet trusts in the State of Maryland.  Key Components of HB 149 (These provisions apply only to pet trusts...

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Apr 8, 2009

Posted by in Blog - "Altman Speaks"

Important Questions to Ask Your Aging Parents

I recently gave the Wall Street Journal my take on the most important questions you should ask you aging parents.  Here’s the list: Have you named someone to make medical decisions for you (and to obtain medical information)? Have you named someone to make financial decisions for you? Do you...

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Mar 19, 2009

Posted by in Blog - "Altman Speaks"

Revisited Your Estate Plan Lately? New Federal Estate Tax Laws and Declining Asset Values May Warrant Some Changes!

I remind my clients often to contact us immediately any time there’s been a significant change in their lives, including, but not limited to:  the death of a beneficiary or anyone else named in your will, a change in marital status, new children, a change in state residence, and, as we’ll...

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Mar 11, 2009

Posted by in Blog - "Altman Speaks"

When is a Beneficiary Entitled to an Accounting?

In most trusts, there are current beneficiaries and future beneficiaries.  A current beneficiary is someone who is currently entitled to receive, either mandatory or discretionary, distributions of income or principal.  A future beneficiary is only entitled to distributions of trust income or...

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Mar 10, 2009

Posted by in Blog - "Altman Speaks"

A Word of Caution When it Comes to Gifting 529 Plans

A client came to me recently with a very unfortunate story.  Her Great Uncle, Bud, from NY, a single man with no children, had passed away a few months prior and, as is too often the case, he hadn’t properly updated his will before he died.  Like many, he procrastinated.  This unfortunate...

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