Blog - "Altman Speaks"

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 bequeathed in accordance with a person’s will. Instead, many times, they are “payable upon death” to the person(s) (or entity, such as a trust) that had been designated as the co-owner or beneficiary. (This is why keeping […]

Senator Proposing Legislation to Permanently Repeal the Estate Tax

This week, Senator John Thune of South Dakota, announced that he is, once again, leading an effort to repeal the federal estate tax. If passed, the Death Tax Repeal Act of 2019 would completely and permanently repeal the federal estate tax, also known as the death tax. Thune and many of his Republican colleagues, including […]

Legacy Planning: Think Several Generations Ahead

Plan now to prevent your descendants from squandering your wealth after you die. According to an ancient Chinese proverb, “Wealth does not pass three generations” -- the first generation builds the wealth; the second generation is inspired to preserve it by witnessing the hard work of their parents; and the third generation, having never witnessed […]

The Important Relationship Between Estate Planners and Financial Advisors

The relationship between estate planning lawyers and financial advisors (of all types – CFPs, investment advisors, insurance professionals, CPAs, and other financial consultants) is critically important when it comes to client service. While our fields are related, our areas of expertise are uniquely complicated, each requiring specific, high-level education/training/experience. While one may have a general […]

Why The Holidays Are a Great Time to Talk About Estate Planning

As the holiday season approaches, we anticipate joyous family gatherings, great food, holiday merriment, and…estate planning? While it may seem like a taboo topic for a fireside chat, estate planning is critically important and the holidays can present the perfect time to get things in motion. Here are some important things to consider: Home for […]

Giving Tuesday: Join Us in Supporting Hope Connections

Many of you know about our close relationship with Hope Connections for Cancer Support. Hope Connections is a Maryland non-profit providing critical support services to cancer patients and their loved ones - FREE OF CHARGE. Services include: ? Emotional support groups ? Wellness/nutrition classes ? Yoga, acupuncture, massage ? Financial planning ? Demonstrations on how […]

Happy Thanksgiving from the House of Altman!

Thanksgiving is upon us! We’d like to remind everyone to be prepared... with plenty of pie, firewood, and great company! Thank you for continuing to support, trust and recommend us. Having your confidence remains our highest honor. Please note, our offices will be closed on Thursday and Friday. We will resume regular business hours […]

The Qualified Personal Residence Trust (QPRT): Is it the Right Choice for You?

Qualified Personal Residence Trust | Maryland and Federal Law Provide Strong Tax Incentives to Certain Local Real Estate Owners A Qualified Personal Residence Trust (QPRT) is a useful estate planning tool for many people, especially the wealthier among us. The problem that the QPRT attempts to resolve is estate tax, which is taken out of […]

Financial Matters to Consider Before a Second Marriage

Understanding Financial Considerations Before A Second Marriage | Risks and Opportunities Disagreements about money are the number one cause of arguments among married couples. If you have already exited your first marriage, you might be all too aware of this. Unfortunately, it gets even more complicated the second time around. At Altman and Associates, we […]

Banks Making It Harder to Deposit Cash Into Others' Accounts

Citing security concerns, most big banks now prohibit customers from depositing cash into personal bank accounts of which they are not a joint owner or an authorized user. Bank of America, Wells Fargo, and Chase have each adopted such restrictions on cash deposits in an attempt to curb attempts at fraud and money laundering. This […]

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