This is Frank R. Campbell's Typepad Profile.
Join Typepad and start following Frank R. Campbell's activity
Join Now!
Already a member? Sign In
Frank R. Campbell
Recent Activity
Image
There are a lot of “what if’s” here, but if you meet the requirements, you could get a Social Security benefit based on your ex’s earnings history. Consider it a parting gift. If your ex-spouse had higher earnings than you and you meet all of the criteria, there may be... Continue reading
Image
Planning for retirement is like driving into a mountain range. Everything looks peaceful, until you start ascending. Then the hairpin turns and switchbacks begin! Five major challenges need to be addressed once you are about five years away from retirement, says Kiplinger in a recent article, “Near Retirement? 5 Plans... Continue reading
Image
If you have a relative who refuses to create a will, then you may have front row seats to a similar process as Prince’s heirs, even if it’s not on such a grand scale. It took months to identify the heirs and figure out how to pay a huge tax... Continue reading
Image
A battle between the late actor’s children and his widow, is based on her allegations that his living trust does not align with a prenuptial agreement. While an estate plan created while he was living was acceptable to all parties while he was living, only five months after his passing,... Continue reading
Image
Congratulations on welcoming a grandchild to the family. A 529 is a great gift, but you need to know how they work and how they might impact your taxes. With the cost of a college education continuing to rise exponentially, opening a 529 for a grandchild is generous gift. You’ll... Continue reading
Image
They say the house always wins, but the outcome is still unknown in the case of an estate battle over the sale of a masterpiece by Renoir, between an art dealer’s sons and the estate of their father’s widow. Known for its world-class art collection, the Bellagio casino is waiting... Continue reading
Image
Planning for the hard realities of our later years often doesn’t seem necessary, until we experience the challenges of aging with a loved one. It’s far easier to delay thinking about our own aging and end of life decisions when parents are healthy and well. However, once you’ve experienced the... Continue reading
Image
Hard work and attention to detail took William C. Marks from rags to riches, and that included creating an estate plan that shared his good fortune with his family and area residents. William C. “Bill” Marks may have started his life as a boy on a farm, but when he... Continue reading
Image
First responders may seem cold-hearted about DNRs and patient family members who are unprepared for the hard decisions that EMTs deal with every day. Part of being a first responder is helping people and their families during a crisis, when a serious injury or illness or death results in a... Continue reading
Image
Certain tax deductions are available only to people age 65 and up. Don’t wait for Washington to re-write the tax law, if you are doing some mid-year tax planning. There are ways to limit how much you owe in taxes, and according to a recent article in Kiplinger, “Retirees, Cut... Continue reading
Image
Some states are cheaper to die in than others, that is, when it comes to death taxes. The average American doesn’t have to worry too much about paying a federal estate tax, as the current federal estate tax exemption is a generous $5.49 million for 2017 and twice that if... Continue reading
Image
With many tech companies, universities and businesses, North Carolina has become home to many resident aliens who contribute greatly to the state’s growth. Estate planning requires special knowledge of non-citizen tax rules. More than $1 billion in annual foreign direct investment gives North Carolina’s private sector employment a huge boost,... Continue reading
Image
Some of us are living longer, but it’s a select group. The numbers are chilling. The Society of Actuaries has decreased its life expectancy for 65 year old Americans by six months, and the health of middle-aged, non-Hispanic white Americans is deteriorating fastest, according to an article in Trust Advisor,... Continue reading
Image
Because much of its value is in copyrights, trademarks, unreleased recordings and musical instruments, there is still a long way to go to finalize the rock icon’s estate. When someone like Prince dies without an estate, the combination of celebrity and public court proceedings gives us a window into the... Continue reading
Image
Legal battles that lasted longer than the marriage, continue to plague the daughter of a real estate investor. A court action brought by a young woman, whose mother devoted nine years to gaining control of her trust fund, is now trying to free herself from her mother’s financial grip. Her... Continue reading
The Community Foundation of Anne Arundel County has created an interesting video about how they can help a family with charitable giving. I was honored to play a small role in it. I hope you enjoy it and please feel free to touch base with any of the attorneys at... Continue reading
The problem with anything tied to time, is that things change. If the investments don’t change with your situation, they can be problematic. The name alone should be a hint: “target-date funds.” They are widely popular, offered in practically all 401(k) plans, and based on the concept that your investment... Continue reading
Image
Unless you’ve been the one to clean up after an inheritance disaster, it’s hard to comprehend how important estate planning is. Once you’ve been through the wringer, you don’t want to do it again. There are families who understand the importance of estate planning. There are even some who use... Continue reading
Image
The Individual Retirement Account, or IRA, was created specifically to encourage Americans to save for their retirement. This tax savings tool should be part of everyone’s retirement plan. If you don’t already have an IRA, whether a traditional IRA or a Roth IRA, you are missing out on some real... Continue reading
Image
The last grandchild of one of the first American billionaires has died, and the next several years will prove if an eighty-three year old estate planning success story will come up against any bumps or continue for future generations. If there’s one long-term estate plan that proves the power of... Continue reading
Image
How do people manage to find and pay for home health care services? One part of the problem is explored here: funding support. It can be overwhelming to learn that a loved one needs to receive in-home healthcare services. Will the person ever regain their ability to care for themselves?... Continue reading
Image
The IRS does not like them, but for wealthy families, this kind of limited partnership is an effective means of transferring wealth within a family, while minimizing taxes. You’ll need to work with an experienced estate planning attorney who is familiar with family limited partnerships to do this correctly. By... Continue reading
Image
Funeral planning provides an opportunity to save money and spare your heirs the confusion and added stress of guessing what you may have wanted. Death and money: they are two things that we like to pretend don’t matter and hate to talk about. Therefore, what better way to tackle them... Continue reading
Image
Court documents have been filed by a rock ‘n roll legend accusing his daughter and her husband of spending his money, drugging him and forcing him to live in a filthy house. This is not a pretty story, and it is proof that fame and fortune do not guarantee anyone... Continue reading
Image
Despite the best of intentions, not completing the necessary steps, like failing to rename accounts or fund accounts, can derail even the best estate plan. For many couples, the process of estate planning starts when one spouse learns that they are facing a terminal health crisis. The couple works with... Continue reading