Monday Read-In

Sometimes love isn’t all you need (USA TODAY) It’s becoming common for older people in romantic relationships simply to live together. Marriage may seem unnecessary. However, couples that live together do not have the same legal rights as married couples. Consider some possible scenarios. You’ve lived together for 15 years. He moved into your place. You […]

Renovation Announcement at C&P

Exciting news from Conway & Pannell, PLLC!  After 15 years in our current location, we are pleased to announce the renovation of our McLean offices beginning next Wednesday, July 2nd.  The past few months have been spent planning ways to enhance your experience as clients, improve efficiency in our workspace and upgrade the aesthetics of […]

C&P Tax Bites: Summer day camp may save you taxes

The passing of Memorial Day marks the beginning of summer in the minds of many Americans. Although the kids might still be in school for a couple more weeks, summer day camp is rapidly approaching for many families. If yours is among them, did you know that sending your child to day camp might make […]

Second Annual Teddy Bear 5K & 1K Fun Walk/Run

We are thrilled to be sponsoring the Falls Church-McLean Children’s Center’s Second Annual Teddy Bear 5K & 1K Fun Walk/Run on September 28, 2014. Registration is now open! Now in their 45th year, the Falls Church-McLean Children’s Center provides a safe, enriching program for 73 children, ages 2 through 5, full-time and year-round. While their […]

Article: Why many retired women live in poverty

(via CNN Money) Gender inequality doesn’t end at the workplace. For many women, the gender gap haunts them well into their retirement years, when far more women find themselves living in poverty. In fact, women are almost twice as likely as men to live below the poverty line during retirement, with single and minority women struggling the […]

NEWS: Governor Signs Estate Tax Bill and Maryland Trust Act

On May 15, 2014,  Maryland’s Governor O’Malley signed the Estate Tax Bill (HB0739) and the Maryland Trust Act (HB0083). HB0739 recouples Maryland to the federal estate tax exemptions. The state’s estate tax ceiling will go up incrementally, capping at the federal exclusion level of $5.3 million by 2019. Under the former state law, any assets worth $1 […]

Ask the Attorney Series

Q: How old do you need to be to have an estate plan? A: Whether you prepare your own estate plan, or not – you have one.  In the absence of planning, the laws of your state of residence dictate the distribution of your property upon your death.  For this reason, anyone that is an emancipated […]

Article: From Seurat to Starbucks

A meditation on connection, communication and trusts… (wealthmanagement.com) A Sunday Afternoon on the Island of La Grande Jatte is perhaps renowned French artist Georges Seurat’s most famous work.  Painted in 1884, the masterpiece portrays members of French society gathered in a bucolic park on the banks of the Seine. According to Stephen Sondheim in the HBO documentary […]

Special Series: Intra-Family Loans Part 4

In Part 3 of this series, Bill Conway outlined the income tax benefits of using a trust to structure an intra-family loan. Follow along as this special blog series on Intra-Family Loans continues… READ PART 1 READ PART 2 READ PART 3 Part 4… Thoughtful Wealth Transfers Done Properly If your goal is to have […]