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Why You Need an Estate Planning Attorney
Handling legal documents without expert guidance can lead to costly mistakes, overlooked details and unintended consequences.
How Divorce Affects an Estate Plan
Divorce significantly impacts estate planning, requiring updates to wills, trusts and beneficiary designations to ensure that assets are distributed according to new intentions.
BENEFICIARY
How Do Beneficiary Designations Work? – Annapolis and Towson Estate Planning
When was the last time you updated, or even thought about, the beneficiary designations listed on your retirement accounts, life insurance, or annuity contracts? If you don’t remember, it’s time for a review!
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What Happens When There’s No Will? – Annapolis and Towson Estate Planning
Dying intestate can have unintended consequences for pretty much every family type. However, it is especially painful if there are unmarried partners or stepchildren, who are left out under the law in almost every scenario.
How is Estate Planning Used to Distribute Property? – Annapolis and Towson Estate Planning
It is commonly understood that upon death, our property will pass to someone else. However, the details of exactly how property passes often seem a bit more mysterious.
Do Heirs Have to Pay Debts from an Estate? – Annapolis and Towson Estate Planning
First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.
Protecting Assets with a Trust vs. Limited Liability Company – Annapolis and Towson Estate Planning
To protect assets effectively, you have to store them in the right legal entity. However, that can depend on whether you’re looking to protect business assets, avoid estate taxes, or protect personal assets from legal liability while running a business.
What Is a Beneficiary? Annapolis and Towson Estate Planning
When an individual purchases an annuity, they name one or more beneficiaries who will receive the benefits if something happens to them before the contract ends. This could be due to death, disability, or another event that would cause the individual to no longer need their income from the annuity. The ultimate beneficiary of an annuity is the individual receiving the payments. However, there can also be additional beneficiaries.
Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary? Annapolis and Towson Estate Planning
Estate planning is crucial to leaving your beneficiaries with your possessions as you intend.
Is an Estate Plan Battle Looming? Annapolis and Towson Estate Planning
If you own any property at all, you probably know about estate planning. You can decide what happens to your assets after you die, of course.
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