Bauersfeld, Burton, Hendricks & Vanderhoof, LLC has been offering attorney services to the Bethesda, MD community since 1918. Our Bethesda estate planning attorneys have more than 75 years of combined legal experience. Our services include corporate, commercial, estate administration, estate planning, guardianship, real estate and taxation (including planning and preparing income tax returns for individuals, charities, estates and trusts). Our Bethesda trust administration attorneys serve as personal representatives, counsel to established trusts, and trustees. We are a small office and are proud of our personalized service. Our goal is to provide the best service possible, educate our clients, and develop rewarding, long-lasting relationships. We are conveniently located near Rockville Pike and Old Georgetown Road. We are qualified by learning, experience and temperament to assist clients whose financial knowledge is limited but who must nevertheless make decisions of great consequence for themselves and their families.
Despite Their Priorities, Nearly Half Of Americans Over 55 Still Don't Have A Will
The major takeaway is that nearly half of those over 55 have not yet created a will. Despite that finding, there is a widely held belief that one should have their affairs in order by age 50. The obvious disconnect was particularly striking.
Estate Planning Musts When You Or A Or A Loved One Has A Chronic Illness
Estate and financial planning for chronic diseases such as Alzheimer's disease, cancer, Parkinson's disease, multiple sclerosis, etc. require special planning steps and modifications to typical legal documents.
Gloria Vanderbilt leaves almost entire fortune to Anderson Cooper
Gloria Vanderbilt left almost all of her estate to her youngest son, Anderson Cooper — and nothing to her estranged middle son, Chris Stokowski, according to her will.
My sister is selling our mother’s stuff and claims that she died without a will
This woman says she has been mistreated and misled by her sibling.
Life insurance is confusing—here's everything millennials need to know
Millennials are growing up and taking on more financial responsibilities, including starting families. And that means it's time to talk life insurance. Financial expert Barbara Ginty explains when you should consider getting life insurance and what policies work best.
Why Gloria Vanderbilt's son Anderson Cooper likely won't inherit her massive fortune
Gloria Vanderbilt built a career as an actress, artist, fashion designer, author and socialite, amassing a fortune on top of her inherited money — but the heiress most likely didn’t leave an inheritance for her son CNN anchor Anderson Cooper and other children.
A Beginner's Guide To Reading A Trust
You just received a draft copy of your trust from your estate planning attorney, or perhaps your aunt has died and you received a copy of her trust of which you are a beneficiary. This is what you need to know.
Congratulations to our Partner, Adam Moskowitz, for receiving the Recent Alumni Award from GW Law! We are so proud!
How The LGBT Community Can Disinherit A Family Member
Progress has been made over the years, but many in the LGBT+ community are still estranged from members of their family. We share some advice for Queer people who wanted to cut someone out your estate. Or for that matter disinherit someone who you just don’t want to get your money when you pass.
Trusts 101: Why Have a Trust?
Trusts aren't just for very wealthy or complicated estates. They could be helpful for many average folks, too. Here are the basics of trusts: what they do, and how they can be used.
Even Your Pet Needs an Estate Plan
Who will feed Fifi once you're gone? It's something you should probably put in writing. There are three different ways to do that, some offering more protections than others.
New York, California get 'aggressive' when residents try to flee high taxes
Experts say some high-tax states make it difficult for residents to change their domicile.
Dan Gilbert situation raises sports team estate planning question
From Crain's Detroit Business: As sports teams have grown into billion-dollar businesses, the stakes have radically increased over their ownership fates.
For Estate Plan To Work As Intended, Assets Must Be Properly Titled
Wills are a key part of estate planning, but to assure that your estate plan fulfills your intentions, speak with your attorney or planner on the proper titling of your assets.
Loved to death: Is euthanizing pets to be buried with dead owners OK?
A Chesterfield woman put in her will that her beloved dog should be put down upon her death so its remains can be buried with her.
Estate Planning for Single Parents
How to get started making some of the most important decisions a parent can make.
The Family Dynamics That Make Estate Planning Hard
Whether you’re dealing with motivating offspring or merely the fact that each family member has different needs, acknowledging family dynamics is an important part of estate planning.
3 Lies People Tell Themselves About Estate Planning
To delay or get out of estate planning, people tell themselves all sorts of lies. Here are three lies people frequently tell themselves to delay, or avoid estate planning altogether. In your natural tendency to want to avoid contemplating your own demise, don’t convince yourself that they’re tru...
8 Tax Tips for Gambling Income and Losses
If you're lucky enough to win some cash from a smart bet, don't forget that Uncle Sam wants his cut, too.
4 Estate Planning Myths That Refuse To Die
Over the years, I’ve met with people who “only needed a financial plan, not an estate plan” or “didn’t need a financial plan, just some help with estate planning.” To help clarify the role of estate planning in the financial planning process, it’s important to debunk some of the most c...
The Problems With Do-It-Yourself Online Wills
DIY online wills could save money, but they can lay estate planning traps
6 Estate Planning Tips For Blended Families
It is estimated that more than half of U.S. families are remarried or re-coupled. If you are in this category and raising a blended family, you need to know how to protect your family and your assets.
How To Avoid The 8 Biggest Executor Mistakes
Being an executor can be a lot of work and a thankless job. It is a serious role that requires your attention and possibly exposes you to personal liability. Be mindful of your obligations and truthful with yourself as to whether you are up to the responsibility and workload.
Company Benefit Plan Designations Can Lead To A Huge Estate Planning Blunder
If you haven't checked the beneficiary designations on your employer-sponsored benefits since the day you started your job, your estate may be in for some surprises after you pass.
Estate Planning You Should Be Doing And When You Need To Be Doing It
Think of estate planning like jury duty. It may seem like a hassle, but the moment you’ve completed your service it's a huge relief and you’re off the hook...for now.
Why Estate Planners Aren't Just For The Ultra-Rich
There’s a misperception that estate planning is only for the ultra-wealthy.
Astute Estate Planning For Art, Antiques And Valuable Collectibles
Collectibles like art, and antiques pose special estate planning challenges and opportunities. Here are some tips to painlessly drive this wealth needle.
U.S. Billionaires Are Living Longer, Making Their Heirs Wait
Concentrated wealth and extended lifespans have created a gold-plated family planning industry for the super rich.
How Lee Radziwill's Estate Plan Reflected the Refined Elegance Of Her Life
Lee Radziwill had legendary sense of style and family pedigree. The recent probate of her will shows she also had an estate plan that reflected the importance of privacy and family history.
Estate planning: 6 steps to ensure your family is financially ready for when you die
Only 42 percent of Americans have a will or other estate planning documents, according to a 2017 Caring.com study.
Kristoff St. John’s daughter challenges handwritten will discovered by his father
She wants a neutral third party put in charge.
5 Estate Planning Strategies For Singles
Are you single and approaching retirement without an estate plan? Death bed planning is not fun, and neither is becoming incapacitated and not having named the right people to care for you and your assets. Put a plan in place to take care of yourself now while you are the decision maker.
This is the No. 1 issue keeping you from inheriting that windfall
Prickly family dynamics are getting in the way of your inheritance. Close to 80 percent of financial advisors polled by Key Private Bank said the biggest estate planning challenge is navigating your relationships with your relatives.
A Massachusetts woman could lose the home she has lived in for most of her life because her stepfather did not leave a will
Estate planning triggers: When to re-evaluate your estate planning strategy
Think of this as your starter guide to keeping your estate plan up-to-date.
Here's how to prepare your heirs for the $68 trillion (with a T) 'great wealth transfer'
Over the next 25 years, baby boomers will pass to their children a mind-boggling $68 trillion — the biggest generational wealth transfer ever. Here's how those lucky heirs can keep the taxman at bay.
A cat could be set to inherit a fortune after Karl Lagerfeld's death
Choupette, the feline companion of Chanel chief Karl Lagerfeld, could be poised to inherit millions of dollars after his death on Tuesday.
Why that secret cash payment to your nanny could backfire on your taxes
It's time to make things official with your nanny, or else you risk catching heat from the IRS. Here's what you should know about household employees and taxes.
10 Surprising Things That Are Taxable
If you've picked up some extra cash through luck, skill or criminal activities, there's a good chance you owe taxes on that money as well
What Is the "Stretch IRA" Concept?
The "stretch IRA" is a wealth transfer method that allows you to "stretch" your IRA over future generations.
6 Ways To Protect Your Foreign Assets In Estate Planning
Whether you have inherited a foreign property or purchased it as your dream vacation home, make sure you speak with your advisors to overcome the legal and tax hurdles of ownership.
Expecting a big tax refund? Don't be so sure
There is an important unknown for most Americans as the first filing season under the 2017 tax overhaul starts Monday: How big will their refunds be?
Here's how to avoid accidentally disinheriting your kids after a remarriage
Planning for what happens to your assets upon your death helps ensure that your children end up inheriting what you want them to have.
Estate Planning Is Still Important | ThinkAdvisor
The Tax Cuts and Jobs Act has changed the exemption — but not the need to think carefully about the future.
1 in 5 Americans living with a partner are hiding a bank account or credit card
"You need to get on the same page regarding your general direction, otherwise your financial union is doomed to fail."
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