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.
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.
Aging Parents and Blended Families Create Estate Planning Challenges – Annapolis and Towson Estate Planning
We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.
What are Top ‘To-Dos’ in Estate Planning? – Annapolis and Towson Estate Planning
The biggest misconception people have about estate planning is that “they are not that old and can do it later,” say almost half (49%) of advisors in a recent Key Private Bank Advisor Poll on estate planning. Yet, the majority (73%) of advisors say the ideal age to start putting an estate plan in place is before 40—earlier than many people think.
Your Will and Estate Planning Checklist – Annapolis and Towson Estate Planning
Most people should have a will, but it's rarely the most significant estate planning document that an individual will hold.
Should I Discuss Estate Planning with My Children? – Annapolis and Towson Estate Planning
Many baby boomers may hesitate to discuss money with their children. However, the reality is that a massive amount of wealth will be transferred in the next couple of decades. Cerulli Associates estimates that about $68 trillion will move between generations within 25 years, with most of those assets transferred to Generation X households.
Have Estate Planning Conversations with Aging Parents – Annapolis and Towson Estate Planning
Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by the financial services company HSBC.
Does an Estate Plan Need to Change because of the New Administration? – Annapolis and Towson Estate Planning
Now that there is a Democratic majority in the Senate and the House of Representatives, estate and gift tax law changes are expected to occur in 2021 or 2022.