Spring Newsletter 2017

With the changes in medical assistance and increase in the number of persons entering a nursing home, the usage of life estate deeds has become quite popular. There are important factors to consider when changing or adding names to your deed. Creating a life estate...

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Estate Taxes

Reminder that during the 2014 Legislative session Maryland passed legislation increasing the exemption amount for taxable estates. The proposed exemption amount will continue to increase each year through 2019. For all deaths in 2014, if the value of the taxable...

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Inherited IRA’s

Recently there has been an uptrend in passing individual retirement accounts also knew his IRAs to spouses or children directly. Most clients are under the impression that all that is needed is the place that beneficiaries on the on the account and the...

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Lou Weinkam Sr. Celebrates 50 Years of Practicing Law

Lou Weinkam Sr. recently celebrated his 50th year in the practice of law. Lou Sr. began as an associate in the law firm of Steinberg and Steinberg in 1967. He branched out to his own practice in the Towson area in 1972 before moving his practice to Catonsville in...

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Why do I need a Power of Attorney?

In addition to Life Estate Deeds, a second document that is of importance in Estate Planning is the General Power of Attorney. This document deals with the handling of financial affairs once a person is  unable to handle those responsibilities. The Power of Attorney...

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Life Estate Deeds

With the changes in medical assistance and increase in the number of persons entering a nursing home, the usage of life estate deeds has become quite popular. There are important factors to consider when changing or adding names to your deed. Creating a life estate...

read more
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