What Is Included in an Estate Inventory? – Annapolis and Towson Estate Planning
One of the essential steps in the probate process is filing an inventory of all the assets that are part of the estate.
Some Assets Better Left Outside of Will – Annapolis and Towson Estate Planning
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
How Does Probate Court Work? – Annapolis and Towson Estate Planning
Probate court is a segment of the judicial system that oversees the execution of wills as well as the handling of estates, conservatorships and guardianships.
What Penalties Hurt Retirement Accounts? – Annapolis and Towson Estate Planning
The following are penalties to avoid at all costs when contributing to or withdrawing from retirement accounts.
Does a Beneficiary have to Pay Taxes on 401(k)? – Annapolis and Towson Estate Planning
If you anticipate inheriting a 401(k) from a parent, a spouse or someone else, it’s important to know your options for minimizing tax liability.
Does Potential IRS Change Have an Impact on Estate Plan? – Annapolis and Towson Estate Planning
The IRS is weighing a change that could leave your heirs poorer than you might hope.
How Do IRAs and 401(k)s Fit into Estate Planning? – Annapolis and Towson Estate Planning
Investing for retirement is one of the most important steps you can take toward building a secure financial future for you and your family. The sooner you can start, the better. Contributing to a retirement account can help you work toward your goals and may provide tax advantages to boost your progress.
What Happens Financially when a Spouse Dies? – Annapolis and Towson Estate Planning
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
What Should I Know about Charitable Gifts? – Annapolis and Towson Estate Planning
Giving may provide the donor with a sense of purpose, as well as a sense of responsibility.
Is a Bypass Trust Necessary? – Annapolis and Towson Estate Planning
The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago—as well as the scheduled 50% reduction in the size of the federal estate tax exemption four years from now—has resulted in a renewed interest in estate planning for IRA and 401(k) accounts owned by married couples.