May 05, 2014 03:45PM ● Published by Cate Reynolds
Frank Campbell, Ronald R. Holden and Michael Lehr are the attorneys at Holden & Campbell. They help families to resolve all of the complications that occur following the incapacity or death of a loved one. These complications may include: dissension among heirs, mismanagement or misuse of resources, unnecessary legal costs, estate taxes, and delays. With proper planning, all of these complications can be avoided or significantly reduced.
The Changing Landscape of Estate Tax Planning
Within the last few years, the federal government has significantly increased the amount of property that individuals and spouses may transfer without paying estate tax. In addition, it is anticipated that new Maryland estate tax rules will be signed into law later this year. The new Maryland estate tax rules, if signed into law, will incrementally increase the amount of property that Marylanders may transfer without paying estate taxes. To read more about the recent changes to the tax laws and how they might impact your planning, please feel free to read the article titled, The Changing Landscape of Estate Tax Planning at www.HoldenCampbell.com.
The attorneys at Holden & Campbell regularly develop estate plans for our clients that include planning for their loved ones and charities important to them. Often the goals of these plans are to eliminate estate taxes and to protect the inheritance of descendants from waste and mismanagement. However, estate planning is important to families, no matter the size of the estate. A plan for a young family should include designating guardians for minor children, developing a trust to manage assets for children, and designating the trust as beneficiary of life insurance and retirement accounts. The attorneys of Holden & Campbell are able to create an effective estate plan for young families without unnecessary complexity or expense.
Upon completion of your plan, you will be comfortable with exactly how each and every one of your assets will be distributed so that your mind is at ease that your family is provided for without unnecessary complication.
Frank Campbell is licensed to practice in Maryland, Virginia and New York. Prior to entering private practice, Frank has served an officer in the United States Marine Corps. In addition to a law degree, Frank has earned a Certificate in Estate Planning and a Master’s Degree in Taxation (LLM Taxation). He is the former Chairman of the Estates and Trusts Committee of the Anne Arundel Bar Association, and has served as a lecturer to the Maryland State Bar Association and the Anne Arundel County Bar Association.
Frank has been recognized by his peers as a Leading Lawyer for Estate Planning, and has achieved a rating of AV preeminent, the highest possible rating in both legal ability and ethical standards under the Martindale-Hubbell peer review rating process.
Frank also serves on the leadership of numerous charities in and around Annapolis. He currently, he lives in Severna Park with his wife and three sons.
Holden & Campbell
716 Melvin Avenue, Annapolis, MD 21401
410-263-1667 | www.HoldenCampbell.com
Q. What is a donor advised fund?
A. A donor advised fund is a simple and flexible way to give to charity now, or to create a source of funding for charitable giving by future generations of your family. Under federal tax rules, if a donor’s control over a fund owned by a charitable organization is limited to giving advice, and the charity is not obligated to follow the donor’s advice, then the contribution to the fund is deductible as a charitable contribution if the other requirements for deduction are satisfied. The fund can be a great tool to bring families together to agree on annual charitable gifts.
Frank Campbell, Holden & Campbell