What to Do after a Family Member Dies – Annapolis and Towson Estate Planning
Responsibility for the various actions can be divided among family members and close friends of the deceased.
How Can I Easily Pass My Home to My Only Child? – Annapolis and Towson Estate Planning
I am a single retired parent to an adult daughter, who is an only child. The home I currently reside for the last 26 years still has a mortgage and the deed is in my name only. I have a will that states everything is left to my daughter, and then to my grandson, if she proceeds me in death. Should my daughter be added to the deed?
Do You Know Your Job as Executor, Agent or Trustee? – Annapolis and Towson Estate Planning
Has a family member or close friend asked you to serve as their executor, trustee or power of attorney? If you accepted the responsibility, do you know what this entails? Have you been given a copy of the documents you were named under? Do you know when you would begin serving in these roles? These are all important questions to ask or consider.
What Is Involved with Serving as an Executor? – Annapolis and Towson Estate Planning
My aunt recently asked me to be the executor of her will when she dies. I’m flattered that she asked, but I’m not sure what exactly the job entails.
Is there a Better Plan than a Reverse Mortgage? – Annapolis and Towson Estate Planning
Using the equity in your residence is a method many people use to raise cash. There are several methods that a homeowner may use to tap into this income vein, but some may be better suited than others. One popular option—that often fills the airwaves with commercials—is the reverse mortgage. However, while popular, this may not be the best choice for many homeowners.
Do I Qualify as an Eligible Designated Beneficiary under the SECURE Act? – Annapolis and Towson Estate Planning
What Is an Eligible Designated Beneficiary?
How Is the Inheritance Tax on My Estate Paid? – Annapolis and Towson Estate Planning
Most of my money is in investments, and most of my beneficiaries will face the inheritance tax when I die.
Possible Pitfalls for Special Needs Planning for Parents – Annapolis and Towson Estate Planning
Both the state and federal government, administered through the Social Security Administration (SSA) and Medicaid provide disabled individuals with a variety of life enhancing, and sometimes life sustaining, public benefits.
Save Your Family Stress and Plan Your Funeral – Annapolis and Towson Estate Planning
The death care industry — yep, it’s got its own industry moniker — is an estimated $20 billion business. Service Corporation International, a publicly traded company that operates 1,475 funeral homes and 483 cemeteries in 44 states, pulled in more than $3.2 billion in revenue in the past 12 months.
Is a Life Insurance Policy Beneficiary Required to Pay for a Funeral with Insurance Proceeds? – Annapolis and Towson Estate Planning
More and more often, estate beneficiaries are retaining their own attorneys to make sure that the executor properly administers the estate.