Creating an End-of-Life Checklist – Annapolis and Towson Estate Planning
An End-of-Life Checklist can avoid any confusion or questions that may arise among different family members.
How Long Do You Have to Settle an Estate? – Annapolis and Towson Estate Planning
It has been nearly 14 years since a family member’s death and the family trust hasn’t been settled.
Grants and Financial Resources for Single Moms – Annapolis and Towson Estate Planning
Melissa Horton, the author of the article, “Help for Single Moms: Find Grants and Financial Resources Today” offers financial aid or assistance to single mothers. The information offered in this brief article represents more than just a guide; it shows the progress made collectively as a society to offer aid to a disproportionately underserved part of our population. Ms. Horton reports that 22million of our youth population is reliant solely on 15million single mothers to provide. The article helps children and their mothers seek relief from financial burdens, and assistance educational costs for both parent and child. These programs will lift those affected negatively through circumstance to a higher quality of life and hope for opportunity. Reference: LendEDU (Jan. 28, 2020) "Help for Single Moms: Find Grants and Financial Resources Today" Sims & Campbell, LLC - Annapolis and Towson Estate Planning Attorneys
Planning for Long-Term Care Before It’s Too Late – Annapolis and Towson Estate Planning
A strong long-term care plan spells out where you would like to live, how you plan to get around, and who will oversee your financial and health decisions when you’re incapacitated.
What Should I Know about the Secure Act of 2019 and IRAs? – Annapolis and Towson Estate Planning
The Secure Act of 2019 eliminated many of the advantages the so-called stretch IRA offered heirs.
What Happens If I Don’t Have an Estate Plan? – Annapolis and Towson Estate Planning
Estate planning attorneys will agree that it is better to die with a properly drafted will, than to die without one. If you don’t have one, consider getting one.
What Exactly Is the Estate Tax? – Annapolis and Towson Estate Planning
The estate tax in the United States is a tax on your right to transfer property to other individuals upon your death, according to the IRS. In other words, when you die, the U.S. government might be entitled to a portion of your assets before the remainder can be passed to your heirs. Not all inherited assets are subject to the estate tax. In fact, the U.S. estate tax only affects the wealthiest households.
Estate Planning Checklist, Especially for Procrastinators – Annapolis and Towson Estate Planning
Nobody likes to think about dying. However, it happens whether we prepare for it or not. If you don’t do some advance planning, it can cause even more longer lasting pain and grief, not to mention money and strained relations for your loved ones.
Am I Better Off Investing Earlier in My IRA? – Annapolis and Towson Estate Planning
If you’re under age 50, you can contribute up to $6,000 across one or more IRAs for tax year 2020. If you’re age 50 or older, the limit is slightly higher ($7,000).
An Estate Plan Is Necessary for the Unthinkable – Annapolis and Towson Estate Planning
Have you resolved to get your estate planning done at last or perhaps updated? Good for you. Here’s what you’ll need to do, and, just as importantly, what you don’t need to do.
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