Category: Estate Planning

Estate planning is more complex than most people assume. Making a mistake during estate planning can drastically set you and your loved ones back, making it impossible to retire like you planned, or leaving your adult children with an unclear understanding of your inheritance wishes. These errors can be avoided by working closely with an… Continued

Estate planning for women is important, whether you are single, married, or living with a partner.  With many more women serving as breadwinners for their household, getting divorced, or living with a long-term partner, it is more important than ever for women to be informed and educated regarding the ins and outs of estate planning.… Continued

If you are a business owner or have a leadership role in a business, you probably have some form of intellectual property (IP) that you have created, and that IP should be protected.  What happens to this type of intellectual property after you pass?  Will you be able to protect how it is used and… Continued

Recently, one of my colleagues wrote an article on why Maryland is a nice place to live, but a bad place to die. There was a lot of great information in this article, most importantly a graph showing how each state rates for estate taxes, inheritance taxes, or both and of course, Maryland has both.… Continued

Trusts are created to manage assets during life, transfer assets at death, and control bequeath to heirs so as to protect inheritances. The main idea is who decides what goes where? Who controls a trust? Trusts allow a person to control his/her assets. If this is one of your estate planning goals, it’s time to… Continued

Estate planning ensures who will care for any younger children and that they will have access to whatever financial resources are available. A trust is effective as soon as it is created, which allows for a trustee to manage your affairs before and after death. For families who have accrued substantial wealth, having a trust in… Continued

Are you a business owner or person with intellectual property?  Have you considered how to pass intellectual property to your heirs?  When you think of estate planning, what usually comes to mind is the process of transferring your assets and wealth to your family, along with consideration of any tax benefits. A properly drafted and… Continued

Tara Frame Shares Expertise on Crisis Business Planning The February Issue of I95 Business, Preparing the Next Generation, features Tara Frame of Frame & Frame Attorneys at Law sharing her expertise in crisis business planning. Believe it or not, estate planning should be an early decision in your business plan. I95 Business features top industry… Continued

Does your estate plan protect assets from long-term care costs? Does it include a strategy for long-term care?  Many people think that if they’ve done an estate plan, they have covered long-term care or Medicaid planning issues.  Nothing could be further from the truth. Medicaid planning is not estate planning and you’ll need an Elder… Continued

A marital trust enables you, the grantor of the trust, to set aside assets and property for your spouse if you die before he or she does. These assets can include stocks, bonds, mutual fund accounts, bank accounts, real property, and more. A marital trust also allows you to pass these assets over to a… Continued