No Kids? What Happens to My Estate? – Annapolis and Towson Estate Planning
So, what happens to your estate if you don’t have a will nor any children?
What Should I Know about Powers of Attorney? – Annapolis and Towson Estate Planning
Many people have signed at least one power of attorney in their life. A power of attorney, which names a trusted family member, friend or advisor as your “attorney-in-fact” to control your assets, is meant to be used, if you are incapacitated.
Should I Try Do-It-Yourself Estate Planning? – Annapolis and Towson Estate Planning
Your DIY estate plan might miss important details.
Why Do You Need a Health Care Directive? – Annapolis and Towson Estate Planning
A heath care directive is a legal document that lets you express your health care preferences and, if you wish, designate authority to someone to make care decisions for you, if you cannot make them yourself.
What Happens If You Don’t Name Beneficiaries? – Annapolis and Towson Estate Planning
If you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: ‘Am I contributing enough?’ ‘Am I still funding these accounts with the right mix of investments for my goals and risk tolerance?
What Exactly Is a Trust? – Annapolis and Towson Estate Planning
A trust is a legal vehicle that allows a third party, a trustee, to hold and direct assets in a trust fund on behalf of a beneficiary. A trust greatly expands your options when it comes to managing your assets, whether you're trying to shield your wealth from taxes or pass it on to your children.
How Important Is a Power of Attorney? – Annapolis and Towson Estate Planning
With a Power of Attorney, you designate which individuals are in control of your assets and who can take care of your affairs, if you are unable to do so.
Checklist for Estate Plan’s Success – Annapolis and Towson Estate Planning
Every so often, it’s smart to methodically go through your estate planning documents and see if any tweaks are needed. Here’s a checklist to guide you through that mission.
Does a Married Couple without Children Need a Will? – Annapolis and Towson Estate Planning
In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
Do You Pay Income Tax when You Sell Inherited Property? – Annapolis and Towson Estate Planning
My great-grandfather was a farmer and had about 23 acres when he died. My grandfather passed away before my great-grandfather. The land was put in a trust for my mother and uncles. My mother passed away two years ago.
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