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Michael E. Lehr

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Taking Control After Alzheimer’s By Planning for Care Costs - Annapolis Estate Planning

Facing Alzheimer’s is never easy. The impacts of this condition can be felt in every area of life, and it can be hard to escape the added stress. While there is no easy fix for dealing with the repercussions of Alzheimer’s, there are ways to plan ahead to cope with... Continue reading

Posted May 4, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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When the Unexpected Occurs - Annapolis Estate Planning

We’ve all had fender benders, but a catastrophic auto accident can be life-altering. Having all the right insurance is necessary to protect your retirement. Part of retirement planning is making sure that you have enough assets to protect yourself against the ever-rising costs of healthcare. We talk about this and... Continue reading

Posted May 3, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Estate Planning for Collections, From Coins to Cars - Annapolis Estate Planning

Inheriting bank accounts and IRAs may seem complicated, but they pale in comparison with inheritances that includes tangible goods, like coins, stamps, automobiles and other collectibles. If your favorite uncle is an avid collector, be prepared for a challenge says Forbes in the recent article, “Astute Estate Planning For Art,... Continue reading

Posted May 2, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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What’s a “Senior Freeze?” Hint: It’s Not a Milkshake - Annapolis Estate Planning

State benefit programs that help the elderly stay in their homes sometimes run into unexpected issues. Do the research before making any changes. You might unknowingly put more than the benefit at risk. In New Jersey, the Senior Freeze Program reimburses eligible senior citizens and disabled persons for property tax... Continue reading

Posted May 1, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Will Florida Really Start to Accept Online Notarizations? - Annapolis Estate Planning

So many things that we do today take place online that this might seem like a good idea. However, many disagree saying that it could lead to elder abuse and fraud. A bill under consideration in the Florida legislature, HB 409, would make it possible for legal documents to be... Continue reading

Posted Apr 30, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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What to Do Now That We’ve Inherited Mom’s House? - Annapolis Estate Planning

The executor is in charge of managing the estate and assets. If the children have inherited the house, they have to figure out what they want to do with the house. When kids inherit the family home, there are always a lot of questions, unless the family had conversations ahead... Continue reading

Posted Apr 29, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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How Can I Use My Life Insurance to Give to Charity? - Annapolis Estate Planning

“Financial planning is an ongoing process that examines your goals, situation and finances, in order to determine if and how these goals can be met. It’s not a product-centric process, but often we use financial products like mutual funds, annuities and/or life insurance to achieve goals in the most efficient... Continue reading

Posted Apr 5, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Iowa Senator Sponsors Elder Abuse Prevention and Prosecution Act - Annapolis Estate Planning

“Iowa Senator Charles Grassley is among those in Congress calling for a crackdown on elder abuse crimes in the country.” The witnesses of loved ones affected by elder abuse incidents testified at a recent Senate Finance Committee hearing in Washington. Those witnesses included Pat Blank, longtime Iowa Public Radio host,... Continue reading

Posted Apr 4, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Make the Most of Life Insurance - Annapolis Estate Planning

Life insurance is the bedrock of many people’s financial plan. There are more nuances to life insurance than just buying a policy and paying premiums. It’s not the most fascinating topic, unless you’re in the business, but understanding the basics about life insurance can have big implications for you and... Continue reading

Posted Apr 3, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Decisions About Taking Pension Pay-Out Still Challenging - Annapolis Estate Planning

There was a time when most people had three sources of income in retirement. One was their savings, the second was Social Security and the third was their pension from work. Today, very few workers enjoy the security of a pension and retirement income is dependent on each person’s ability... Continue reading

Posted Apr 2, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Tax Traps Can Ruin IRA Status - Annapolis Estate Planning

You may know that there are tax traps when IRA withdrawals or rollovers are done incorrectly. However, did you know that an investment portfolio could contain a tax trap that could ruin your IRA status? The most frequently occurring IRA tax trap comes from tax bills through the Unrelated Business... Continue reading

Posted Apr 2, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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How is My Estate Plan Impacted by the New Tax Law? - Annapolis Estate Planning

It is possible that certain strategies or language in your estate plan may no longer work, or may have unintended consequences, if it was created before the Tax Cuts and Jobs Act was signed into law in December 2017. Anytime there is a major change in your life or in... Continue reading

Posted Mar 8, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Why A Will is Not a Do-It-Yourself Project - Annapolis Estate Planning

Writing your own will is a lot like trying to do your own dental work. You can brush, floss and even use a water flosser, but the rest is best left to the trained professional. It’s a fairly common question: “Why can’t I download a form and create my own... Continue reading

Posted Mar 7, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Why You Need a Gun Trust if You Own Guns - Annapolis Estate Planning

Gun owners, you may own guns to protect your family or because you admire the workmanship or history of firearms. However, without a gun trust, your heirs may face a surprising consequence. Mistakes with inherited IRS accounts can become expensive, but the penalty is financial. Inherit a gun collection without... Continue reading

Posted Mar 6, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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New Rules on Benefits Appeals for Veterans - Annapolis Estate Planning

Following the adoption of new rules, there will now be options for veterans to appeal their disability benefits. The hope is that these three new processes will speed up cases. It took more than a year and a half, but the Department of Veterans affairs has announced that new appeals... Continue reading

Posted Mar 5, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Here’s How to Donate to Loved Ones and Avoid a Tax Bite - Annapolis Estate Planning

While there’s a time limit on this great opportunity for tax-free giving—2025, unless Congress makes some changes—this is a good time to take advantage of minimizing your tax liability through generosity. There’s a new big break for top-dollar wealth transfers, thanks to the new tax law. Basic rule: the more... Continue reading

Posted Mar 4, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Need a Will? Talk with a Living, Breathing Estate Planning Attorney - Annapolis Estate Planning

On the short list of why you need a will: your family won’t know how you wanted to distribute your possessions or what kind of funeral you wanted. They may also fight over the distribution. The cost in legal fees and taxes will also take a big bite out of... Continue reading

Posted Feb 8, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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What Happens When There’s No Prenup for Billionaires? - Annapolis Estate Planning

How do you divide a nearly trillion-dollar empire when a divorce occurs and the CEO doesn’t have a prenup? Investors are wondering and watching to see. With a 16% stake in the Amazon, how will founder Jeff Bezos’ divorce impact the company? There’s no prenup in place, and since MacKenzie... Continue reading

Posted Feb 7, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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How Does Divorce Impact My Estate Plan? - Annapolis Estate Planning

Was 2018 the year you finalized your divorce? Many people did all they could to finalize their divorces before New Year’s Eve, because there are new tax rules that will impact ex-spouses in 2019. There’s bad news for those who did not get their divorce finalized by the end of... Continue reading

Posted Feb 6, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Life Insurance Still Has an Important Role in Estate Planning - Annapolis Estate Planning

Since the financial recession of 2008, many baby boomers changed their thinking about their retirement savings. They aren’t as optimistic as they once were and don’t expect to retire debt-free. The recession took the wind out of many baby boomer’s financial sails. These 75 million Americans have more debt in... Continue reading

Posted Feb 5, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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How to Make Your Charitable Giving Have a Greater Impact - Annapolis Estate Planning

Most donations are made in December, and charities of all shapes and sizes make the most of the holiday spirit. However, by taking a bit of time to plan out charitable giving, including doing some research and talking with your family about your legacy, your giving could have a greater... Continue reading

Posted Feb 4, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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A Look at the Bush Dynasty - Annapolis Estate Planning

World-class tax planning has had a big impact on the Bush family, with earned and inherited money stretched as far as possible. The Bush dynasty has had excellent financial advice, and it shows, by virtue of being almost invisible. The whole point of multi-generational family wealth when properly handled is... Continue reading

Posted Jan 11, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Can Nursing Home Operators Be Prevented From Expanding Empires of Poor Care? - Annapolis Estate Planning

By giving licenses to at least ten nursing home owners who had a history of poor patient care in other facilities that they owned in the Buffalo area, New York State has failed to protect its seniors. Buffalo area advocates for nursing home residents are battling to protect seniors by... Continue reading

Posted Jan 10, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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When Livestock is Part of Your Estate - Annapolis Estate Planning

Do your heirs understand the history and value of your livestock? If not, start educating them now, including discussing how they fit into your estate plan. Assets like the family home and land are what most ranchers think about, when they are talking with their estate planning attorney about dividing... Continue reading

Posted Jan 9, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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Retirement is Ten Years Away: What You Need to Do Right Now - Annapolis Estate Planning

People start thinking in more concrete terms about retirement when the concept becomes a reality, often about ten years out. That’s when the planning has to get real. Both football and retirement planning have a “red zone,” where the game is won or lost, says Investopedia in a recent article,... Continue reading

Posted Jan 8, 2019 at Annapolis, Maryland Wills, Trusts & Estate Planning

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