The Legacy Planning Blog

Insights on Estate, Long-Term Care, and Special Needs Planning

Latest Insights

Generation- Skipping Transfer Tax: What it is & Why it...
When it comes to federal taxes, most people are very aware of the federal income tax because, if they earn a paycheck,...
Things to Consider Before Accepting Your Inheritance  
The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed...
What Is a Nongrantor Trust?
Every trust has at least one grantor, also known as the trustmaker, i.e., the person who creates the trust. So, it can...
What to Do if Your Trustee Is Unresponsive
A trustee has a duty under the law to communicate with beneficiaries and keep them reasonably informed as to the progress of...
Right of Occupancy Trust: A Trust to Protect Your Home...
Estate planning is about protecting you and your loved ones. Sometimes this can be a difficult endeavor when there is a loved...
Setting up a special needs trust in Maryland
Thinking about what happens to your loved one after you’re gone can be difficult for any Maryland resident. This can be even...