Estate and Legacy Planning

Is Your Estate Plan Up to Date?

With the coronavirus having the world in its grip for months, there is no better time than now to review and update your estate plan. It is recommended that after creating an estate plan, you update it every three to five years. Today, with the coronavirus sweeping the country and the rest of the globe, it is more important […]

What Makes a Good Estate Planning Attorney?

Recently, a new client came to us to discuss her mother’s estate planning, as well as concerns regarding an irrevocable trust that her dad had created for her mom. We told her, in less than 1 hour, what mom should do for her estate plan, as well as how to change the trust to minimize […]

Gifting Assets to Offspring: Deciding Between Irrevocable Trusts and UTMAs

There are better ways of gifting property to your offspring than simply ‘handing it over’. Both irrevocable trusts and Uniform Transfers to Minors Act (UTMA) accounts offer you flexible ways of gifting property that would otherwise be unavailable, risky or extremely inconvenient. An irrevocable trust is established under the law of trusts, which is ultimately […]

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 […]

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 […]

Estate Planning for Maximum Business Growth Tips

Most folks know that estate planning is an essential component of long-term financial planning and they figure they have time to get around to addressing it. But if you are a business owner or have a professional practice, it is critical that you start Estate Planning for Maximum Business Growth now. Success of Estate Planning for […]

How New Tax Law Effects Estate Planning

If you are like many Americans, you know estate planning is important, but you just haven’t gotten around to it yet. Or if you have an estate plan, once it was completed, you probably crossed it off your to-do list forever. Not so fast. You may be curious about how the new tax law effects […]

Top Estate Planning Myths Debunked

Top Estate Planning Myths and misconceptions are listed and debunked. Don't harm your family by making any of these common retirement planning mistakes.

2019 Changes to Estate Tax Exemption in DC and Maryland

Big 2019 changes to Estate Tax Exemption in DC and Maryland are on it's way! The federal tax reform legislation adopted by Congress at the close of 2017 more than doubled the federal estate tax exemption – the amount that can be transferred upon death without paying any tax. Existing legislation in the District of […]

An Estate Planning Checklist: Things to Consider Before Remarrying

As a romantic, I believe that marriage (even the second time around) is a wonderful thing. That said, the attorney and the realist in me knows that sometimes financial and estate issues can get in the way. Therefore, there are several things for people to consider before remarrying. Children from a First Marriage Naturally, remarrying is […]

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A New Chapter for Altman & Associates

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