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Frank R. Campbell
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While the process starts early, with saving and building wealth, the long game requires protecting that wealth during retirement, which could be many decades long. It’s hard to imagine during your 30s or 40s that retirement will actually arrive. Life is busy, with careers, raising families and saving for retirement,... Continue reading
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Both parties in the lawsuit are hoping to resolve the matter without having to go to trial, which would likely attract a fresh wave of news coverage to a highly controversial case. The National Collegiate Athletic Association, along with its president Mark Emmert and former executive committee chair Ed Ray... Continue reading
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It is hard to believe that as many as nine states have eliminated or lowered estate taxes in the past three years. More states are joining the estate tax revolution. Minnesota and Maryland are increasing their estate tax exemption, trying to make their states more attractive to wealthy residents. Maryland... Continue reading
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Your first instinct as a parent may be to divide assets equally among children in your will. However, if your family includes a special needs child, that decision could have a negative impact on your child’s future. Parents do their best to let their offspring know that they are loved,... Continue reading
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For everyone who has considered whether or not their last will and testament can withstand a legal challenge, this case shows that it’s not easy, once the will has been admitted to probate. In the matter of Young v. Bellamy, the Supreme Court of Ohio made it clear that proving... Continue reading
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Making sure that your 401(k) and other retirement accounts align with your overall retirement strategy, is part of the planning for a successful retirement, whether that date is in the future or coming up soon. Most working people count on their 401(k)s as the biggest part of their retirement accounts,... Continue reading
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Trusts and IRAs often have an uneasy partnership. Before making this decision, do your homework and enlist the help of knowledgeable sources. How much control you want beneficiaries to have, is one of the factors to be considered when making decisions about trusteed IRAs, according to a recent article in... Continue reading
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Certain decisions are easier and others are more difficult, if someone has no heirs. However, you still need an estate plan to protect yourself in case of incapacity. If you’ve never had children, then deciding how assets should be distributed and who to distribute them to could lead you to... Continue reading
For fans of bluegrass, this is an once-in-a-lifetime opportunity to own a piece of musical history. It was while he was living in a small cabin in Rosine, Kentucky, when Bill Monroe first learned a number of tunes from his uncle, Pendleton Vandiver. Both of Monroe’s parents had died by... Continue reading
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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