Do We Need Estate Planning? – Annapolis and Towson Estate Planning
Everyone, regardless of financial status or age, can benefit from having an estate plan—assuming you have assets to leave and people to leave them to.
What Happens If You Fail to Submit a Change of Beneficiary Form? – Annapolis and Towson Estate Planning
The financial institution is obligated to distribute the CD to the person or entities that otherwise would be entitled to receive it.
Can I Fund a Trust with Life Insurance? – Annapolis and Towson Estate Planning
Estate planning is all about ensuring that your wishes are met after your death. All estate plans should include a will and powers of attorney. However, in many cases, a trust has additional benefits beyond what can be accomplished with the will and powers of attorney.
What Estate Planning Documents Do I Need for a Happy Retirement? – Annapolis and Towson Estate Planning
Most people can't wait for retirement, and even more would likely opt for some form of early retirement, if they had the opportunity. Whenever you ultimately decide to cut down your time at work or leave the workforce altogether, you need to ensure that you have a full slate of estate planning documents in place.
Reviewing Your Estate Plan Protects Goals, Family – Annapolis and Towson Estate Planning
Most people wish to have more control over who and how their assets are managed than what the state laws provide, and so they draft documents that can override the Laws of Intestacy, when those laws do not match their objectives.
How to Make Beneficiary Designations Better – Annapolis and Towson Estate Planning
Beneficiary mistakes can result in retirement plan assets being transferred to unintended beneficiaries.
Do I Qualify as an Eligible Designated Beneficiary under the SECURE Act? – Annapolis and Towson Estate Planning
What Is an Eligible Designated Beneficiary?
What Should I Know about Beneficiaries? – Annapolis and Towson Estate Planning
Whenever you open a financial account, you’re almost always asked to name a beneficiary. Simply stated, a beneficiary of the account is someone who is entitled to the benefits of the account, typically, on the death of the account holder. If you’ve purchased life insurance, for example, you name a beneficiary, who receives the benefits of the policy when you pass.
Can I Add Real Estate Investments in My Will? – Annapolis and Towson Estate Planning
All real estate investors need to consider what to do with all of their real estate assets when estate planning. After all, the last thing you want is to have your will end up in probate court, where it could be years before your estate settles. With that in mind, here are some options on how to include real estate investments in your will.
What’s the Best Way to Select a Beneficiary for My 401(k)? – Annapolis and Towson Estate Planning
You might not be able to spend all the money in your 401(k) plan before you die. If that happens, your retirement savings will pass to the person you name as the beneficiary of the account. The information on your 401(k) beneficiary form typically supersedes what is written in your will. Therefore, it is important to keep this form up to date for all your retirement and investment accounts.