What Should Not Be Kept in a Safe Deposit Box? Annapolis and Towson Estate Planning
Locking away certain valuables and important documents in a bank vault could turn into a headache for you or your heirs.
Should I Use a Bank as My Executor Instead of a Family Member? – Annapolis and Towson Estate Planning
What are the advantages, disadvantages and financial implications of appointing the bank as an executor of my will, instead of my child or relative?
How to Find Money in Forgotten Accounts – Annapolis and Towson Estate Planning
If you had money in a bank or brokerage account you did not use for several years, the bank probably sent the funds to the state of your last known address.
Are Your Company Benefit Plan Designations Up-to-Date? – Annapolis and Towson Estate Planning
Upon passing, your will outlines who gets what, when and how (outright or in trust). Your named executor will submit the will to the proper court which determines its legitimacy and oversees the distribution of assets, a process called probate. However, not all of your assets are controlled by your will.
Figuring Out A Parent’s Financial Life, When They Cannot – Annapolis and Towson Estate Planning
Statistics tell us that it is very likely one or both of our parents will end up in a nursing home or rehabilitation center for an extended period. If you’re like most people, you do not know a whole lot about your parent’s finances.