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.
How Do I Handle Inheritance? – Annapolis and Towson Estate Planning
The period leading up to and shortly after losing a close relative is often one of the most emotionally demanding times that we, as humans, experience.
What Happens When a Will Is Challenged? – Annapolis and Towson Estate Planning
Sometimes beneficiaries end up not receiving their assets. Beneficiaries often lose out because the estate planning wasn’t done properly, but sometimes another family member contests the decedent’s will.
What Must Be Done when a Loved One Dies? – Annapolis and Towson Estate Planning
It can be hard to move through your daily life after someone you love dies. It may be even harder to embark on the complex tasks required to put their financial affairs in order. However, you can't afford to put that off.
How Do I Avoid the Three Biggest Estate Planning Mistakes? – Annapolis and Towson Estate Planning
Planning for death is like any other transition of life, except this is one we can make easier for our loved ones. Don’t let the process of settling your estate, a process commonly known as probate, get in their way — and cost them more money.
Elder Financial Abuse Fraud Occurs, When No One’s Watching – Annapolis and Towson Estate Planning
Take, for example, the sad and sordid tax case of Mary Ellen Cranmer Nice vs. United States of America, which would not have existed if an attentive financial advisor hadn't noticed the large IRA distributions that were allegedly stolen right from under a matriarch’s nose.
Update Will at These 12 Times in Your Life – Annapolis and Towson Estate Planning
It is also important to realize that it isn’t merely ‘why’ you are updating your will, but ‘when’ you are updating that can make all the difference.
What Exactly Does an Executor Do? – Annapolis and Towson Estate Planning
Whether you’re planning ahead for your own heirs or have been asked to serve as executor for someone else, it pays to understand what the role requires.
Do Beneficiaries of a Will Get Notified? – Annapolis and Towson Estate Planning
In most instances, a will is required to go through probate to prove its validity. Investopedia’s recent article entitled “When the Beneficiaries of a Will Are Notified” explains that there are exceptions to the requirement for probate, if the assets of the diseased are below a set dollar amount. This dollar amount depends on state…
Estate Planning Options to Consider in Uncertain Times – Annapolis and Towson Estate Planning
External events that cause reflection are good reminders to update estate planning documents.