Do We Need Estate Planning? – Annapolis and Towson Estate Planning
Everyone, regardless of financial status or age, can benefit from having an estate plan—assuming you have assets to leave and people to leave them to.
What Estate Planning Documents Should I Have when I Retire? – Annapolis and Towson Estate Planning
Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.
What Kind of Estate Planning Mistakes Do People Make? – Annapolis and Towson Estate Planning
Many people plan their estates diligently, with input from legal, tax and financial professionals. Others plan earnestly but make mistakes that can potentially affect both the transfer and destiny of family wealth.
How Do You Ask Parents about Estate Planning? – Annapolis and Towson Estate Planning
Do you expect your parents to leave you a financial legacy? 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 financial services company HSBC. Perhaps the bigger question, though, is how to even approach this topic with your parents.
What Estate Planning Documents Do I Need for a Happy Retirement? – Annapolis and Towson Estate Planning
Most people can't wait for retirement, and even more would likely opt for some form of early retirement, if they had the opportunity. Whenever you ultimately decide to cut down your time at work or leave the workforce altogether, you need to ensure that you have a full slate of estate planning documents in place.
Reviewing Your Estate Plan Protects Goals, Family – Annapolis and Towson Estate Planning
Most people wish to have more control over who and how their assets are managed than what the state laws provide, and so they draft documents that can override the Laws of Intestacy, when those laws do not match their objectives.
What Does Pandemic Estate Planning Look Like? – Annapolis and Towson Estate Planning
The coronavirus pandemic has certainly caused havoc and concern for many people, particularly in regard to their health and their finances — and these two areas intersect in estate planning. So, if you haven’t drawn up your estate plans yet, or you think they may need to be revised, now may be a good time to act.”
What Does My Estate Plan Look Like after Divorce? – Annapolis and Towson Estate Planning
Some marriages end in noise and pain. Other marriages drift away quietly with the signing of documents and only a hint of acrimony.
Your Estate Plan Needs to Be Customized – Annapolis and Towson Estate Planning
Estate planning documents often are treated like the photocopied permission slip for a child’s field trip. You fill in your name, include the children’s names and dates of birth and sign. The document is filed away to be used if needed, but you really never expect it to be used.
What Is a Power of Attorney? – Annapolis and Towson Estate Planning
One essential component of your financial plan involves designating power of attorney to someone you trust, in case you are incapacitated or unable to complete a task on your own.