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What's Up Magazine


May 15, 2017 02:20PM ● By Cate Reynolds
*Special Advertising Section


Every person has an innate sense of life as it ought to be. Life as it is, however, often requires careful planning to fulfill that sense.

Frank Campbell, and the team at Holden & Campbell, intentionally focus 100 percent of their practice to making sure that the estates of their clients are designed and implemented to achieve the unique and specific needs of their families.

Frank Campbell, Ronald R. Holden, Michael Lehr, and Jennifer Gaffney, and Kiernan Waters 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.

Some Important News Relating to 529A Accounts

The 529A account was created under the federal ABLE (Achieving a Better Life Experience) Act. The ABLE Act allows people with disabilities to save money in a tax-deferred account without causing disqualification from eligibility for public benefits. Withdrawals from the 529A account will be tax-free as long as they are used for “qualified disability expenses”. Marylanders will be able to claim an income tax deduction for contributions up to $2,500. The State of Maryland is in the process of implementing the ABLE Act legislation and it is anticipated that Marylanders will be able to begin contributing to 529A accounts before the end of 2017. You may learn more about 529A at our website,, and then going to our “Resources” page.

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.

716 Melvin Avenue
Annapolis, MD 21401