Does an Elder Orphan Need an Estate Plan? – Annapolis and Towson Estate Planning
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
What Happens to a Pet when Owner Dies? – Annapolis and Towson Estate Planning
While it’s never fun or pleasant to think about what will happen to them if the worst should happen to us, it’s very important to consider how we can ensure that they are well cared-for when and if we are no longer able to care for them ourselves.
Can I Plan My Estate to Avoid Leaving Residual Assets? – Annapolis and Towson Estate Planning
What Is Residuary Estate?
What Should I Know about Charitable Gifts? – Annapolis and Towson Estate Planning
Giving may provide the donor with a sense of purpose, as well as a sense of responsibility.
What are the Current Gift Tax Limits? – Annapolis and Towson Estate Planning
In 2017, Congress doubled the exemption starting in 2018, and the amount will continue to rise with inflation through 2025. This expansion helped reduce the number of taxable estates to about 1,300 for returns filed in 2020 from about 5,200 in 2017, according to the latest IRS data.
How to Handle Digital Assets in a Will – Annapolis and Towson Estate Planning
The rapid rise in circulation and growing popularity of cryptocurrencies is prompting attorneys and estate planners to adjust, as digital assets are inherited through wills, trusts and estates, according to experts who warn of the danger of lost or misappropriated assets.
Is Estate Planning Affected by Property in Two States? – Annapolis and Towson Estate Planning
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
Must I Sell Parent’s Home if They Move to a Nursing Facility? – Annapolis and Towson Estate Planning
Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.
Taking Care of Dying Parent’s Financial Affairs Can Be Challenging – Annapolis and Towson Estate Planning
Dealing with a sick family member is a challenging and emotional time.
Do You Need a Revocable or an Irrevocable Trust? – Annapolis and Towson Estate Planning
There are two main kinds of trusts: revocable and irrevocable.
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