Articles list
Withholding on Distributions to Foreign Beneficiaries of U.S. Estate Six-Step Process
Determining the U.S. tax to be withheld on distributions made to foreign beneficiaries of U.S. estates requires consideration of several factors. These six…
Estate Planning for International Families
The importance of proper tax and estate planning is magnified for “international families” who hold assets and citizenship both in the United States and…
Maryland Tax Reduction Act
Governor Hogan signed into law the Maryland Tax Reduction Act on Friday, April 1st. The act will cut retirement taxes by eliminating all state tax on the first…
Are Payments of a Loved One's Health Insurance Premiums or School Tuition Subject to Federal Gift or Generation-Skipping Transfer Taxes?
During the holiday season, we receive an influx of questions from clients regarding gifting. Estate planning is an excellent tool for giving to our loved ones…
New FINRA Rule Limits Financial Advisor's Ability to Serve as Trustee or Fiduciary for Client
Clients often ask me if they can appoint their financial advisor/planner to be their Trustee, Power of Attorney, or Personal Representative (Executor). My…
Loans to Family Members: What You Need to Know
Under the right circumstances, an intrafamily loan can be a powerful estate planning tool because it allows you to transfer wealth to your loved ones free of…
Don’t Get Scammed by Mail from "Local Records Office"
Received a bill for your property deed from the "Local Records Office"? Stop—it's a scam! Learn how to spot deceptive mailings and protect yourself.
How Long is the Probate Process Without a Will?
Creating a will is important, as it can ensure your family members will not have to go through a lengthy probate process. Wills are not only reserved for the…
Understanding Inherited Savings Bonds
Along with other retirement accounts and life insurance, savings bonds are often considered “non-probate assets,” meaning that they are not typically…
Legacy Planning: Think Several Generations Ahead
According to an ancient Chinese proverb, “Wealth does not pass three generations” -- the first generation builds the wealth; the second generation is inspired…
