What to Do When a Spouse Dies – Annapolis and Towson Estate Planning

• Post category:Estate Planning/Funeral Arrangements/Surviving Spouse

Unfortunately, during the grieving process surviving spouses also need to navigate the complex financial issues that arise after the death of their partner.

Do Heirs Have to Pay Debts from an Estate? – Annapolis and Towson Estate Planning

• Post category:Beneficiary Designations/debt/Estate Planning/Heirs/POD (Payable on Death)/TOD (Transfer on Death)

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.

What Three Things Do People Overlook on Estate Planning Benefits? – Annapolis and Towson Estate Planning

• Post category:Asset Protection/Beneficiaries/Estate Planning/Tax Planning

The main reason to plan your estate is to make sure that your wishes are followed after you are gone.

Singles Need Estate Planning to Protect During Lifetime – Annapolis and Towson Estate Planning Attorneys

• Post category:Estate Planning

You’re single, and you don’t have an estate plan or even a will. Perhaps you think you don’t need either because you’re not wealthy and don’t have children.

Should You have a Pet Trust Created? – Annapolis and Towson Estate Planning

• Post category:Estate Planning/Pet Trusts

Specialized pet trust law has developed because of the huge popularity of pets in this country, and the strong desire of pet owners to provide for their pets, even after the owner's death.

Estate Planning for Blended Families – Annapolis and Towson Estate Planning Attorneys

• Post category:Blended Families/Estate Planning

There are many different configurations of blended families. However, they are generally made up of married couples who have children from previous marriages or relationships.

Use Estate Planning to Prepare for Cognitive Decline – Annapolis and Towson Estate Planning

• Post category:Alzheimer's Disease/Dementia/Estate Planning/Last Will and Testament/Power of Attorney

Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.

What are Pros and Cons of a Marital Trust? – Annapolis and Towson Estate Planning

• Post category:Estate Planning/Irrevocable Trust/Marital Trust

A marital trust is a complex estate planning tool that should be crafted carefully. Because of its tax benefits, you should work closely with an experienced estate planning attorney to ensure that the marital trust is established properly.

Protect Your Elderly Parents from Scammers – Annapolis and Towson Estate Planning

• Post category:Asset Protection/Elder Abuse/Estate Planning/Financial Abuse/Power of Attorney

Scam artists often target older adults, partly because they have amassed greater wealth.

What Is the Purpose of an Executor? – Annapolis and Towson Estate Planning

• Post category:Beneficiaries/Estate Administration/Estate Planning/Executor/Inheritance

Being named as an executor in a loved one’s Last Will and Testament is a big responsibility. It is important to understand what you are agreeing to before you step into the role as executor.