Update Will at These 12 Times in Your Life – Annapolis and Towson Estate Planning
It is also important to realize that it isn’t merely ‘why’ you are updating your will, but ‘when’ you are updating that can make all the difference.
Tapping an Inherited IRA? – Annapolis and Towson Estate Planning
When a loved one dies, any leftover IRA funds they had, goes to whomever they labeled as beneficiaries. If you're a beneficiary, you have to decide how you're going to use it—a decision that's a little more complicated this year than it normally is.
Estate Planning Options to Consider in Uncertain Times – Annapolis and Towson Estate Planning
External events that cause reflection are good reminders to update estate planning documents.
What Is a Testamentary Trust and Do You Need One? – Annapolis and Towson Estate Planning
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
How Low-Interest Rates Create Estate Planning Opportunities – Annapolis and Towson Estate Planning
A more present sense of one's own mortality may drive those who have not made plans before to begin the process of creating an estate plan. For those who have existing plans, are they up to date? How does the changing economic environment affect prior decisions?
If Not Now, When? It is the Time for Estate Planning – Annapolis and Towson Estate Planning
Estate planning attorneys are getting mobbed with questions. Here is some timely advice from three attorneys on what families and business owners should be doing to prepare, in case the unimaginable happens.
What’s the Best Way to Provide for My Family when I’m Gone? – Annapolis and Towson Estate Planning
Estate planning involves making a plan for the transfer of your property upon your death or incapacity. Your estate is all of the property you own, which can include cash, jewelry, cars, houses, clothes, land, retirement, investments and savings accounts. The goals of estate planning are to make sure most of your estate is transferred to your beneficiaries, you pay minimal taxes on the estate and children are assigned guardianship.
How Bad Can a Do-It-Yourself Estate Plan Be? Very! – Annapolis and Towson Estate Planning
One Justice from the Florida Supreme Court commented that the expensive litigation far outweighed any savings resulting from the pre-printed form.
Estate Planning Checklist, Especially for Procrastinators – Annapolis and Towson Estate Planning
Nobody likes to think about dying. However, it happens whether we prepare for it or not. If you don’t do some advance planning, it can cause even more longer lasting pain and grief, not to mention money and strained relations for your loved ones.
Avoiding Probate with a Trust – Annapolis and Towson Estate Planning
In other words, family members who are not named to inherit anything in the will may still see the list of all of the assets. If you don’t want that result, you can avoid it by establishing a trust.
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