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Author Archives: John C. Hendricks

Planning For Future Generations

Estate planning is not something reserved for the very wealthy. A solid estate plan is a good idea for people of all economic stations. Creating a plan that provides for the disposition of your property as you intend provides peace of mind that your final wishes will be fulfilled. Solid estate planning can help with… Read More »

What Is A Trust?

Trusts can be created for a variety of reasons. Some people create trusts to avoid the necessity of a probate. Trusts can also be created to preserve assets for future generations. A trust can be a useful tax planning tool and can also provide direction for final medical care. A trustee is named in the… Read More »

How Do I Handle The Estate Of My Deceased Loved One?

The death of a loved one can be a trying time. The emotions involved in the loss can be compounded by the myriad of issues needing attention. Disposition of property, filing of estate tax returns and dealing with creditors are just a few of the issues the surviving family faces. Caring estate planning lawyers know… Read More »

How Do I Form A Business in Maryland?

Business ownership is both rewarding and challenging. Requirements to pay quarterly taxes, issues of adequate insurance, obtaining the financing necessary for a startup and the general day-to-day operations all create issues for resolution. Perhaps the most significant decision to be made is learning how to properly form your business.  Incorporation of businesses in Maryland requires… Read More »

What Happens to Estate Taxes, Gift Taxes and Generation-Skipping Transfers in 2013?

Part of savvy estate planning centers around taxation and how to use estate planning tools to your advantage to minimize taxation, such as through gifting and generation-skipping transfers. When America faced its first economic challenges after 9/11, Congress passed tax cuts. For more than a decade, Congress has scrutinized taxation. In 2010, Congress made far-reaching… Read More »

Should You Avoid Probate?

Bethesda wills and trust lawyers can review your situation and advise whether avoiding probate is cost effective and necessary to preserve your legacy. People often have a fear of probate and no doubt have heard terrible stories about people losing substantial assets through the probate process. It is true that going through probate is extremely… Read More »

Why is Succession Planning Vital for Some Businesses?

When you spend your life building a successful business, turning over your business to family members or other insiders can be an essential part of your exit strategy. Accomplishing a successful transition generally requires implementing business succession planning. Bethesda business attorneys can help you create and implement the right succession planning as part of your… Read More »