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.
Retirement Planning and Declining Abilities – Annapolis and Towson Estate Planning
When a loved one is experiencing cognitive decline, emotional and medical considerations often overshadow the financial planning that needs to happen. This is a potentially costly mistake.
Why Is Estate Planning more Complicated with a ‘Gray Divorce’? – Annapolis and Towson Estate Planning
Rising divorce rates among Americans over the age of 50 are causing more conflict in estate planning, new data shows. According to a recent survey by TD Wealth, up to 40% of financial planners say that rising gray divorce rates are leading to an increase in family strife with estate planning as the top conflict.
If Not Now, When? It is the Time for Estate Planning – Annapolis and Towson Estate Planning
Estate planning attorneys are getting mobbed with questions. Here is some timely advice from three attorneys on what families and business owners should be doing to prepare, in case the unimaginable happens.
Do You Need a Revocable Trust? – Annapolis and Towson Estate Planning
Probate can be a long, arduous, and costly process—especially in states that aren’t considered probate-friendly. Enter a workaround that is being used by an increasing number of people: revocable living trusts.
Why Would I Need a Power of Attorney? – Annapolis and Towson Estate Planning
A power of attorney is a document that lets you appoint a person or an organization to handle the financial and medical decisions on your behalf, when you are not able to because of sickness or death. The person or the organization is called the attorney-in-fact or the agent. POA is given to someone whom you can trust with your life.
If I’m 35, Do I Need a Will? – Annapolis and Towson Estate Planning
It's never too early to start estate planning. If you already have a family, getting your personal affairs in order is a must. The sooner you start planning, the more prepared you will be for life's unexpected twists and turns.
A 2020 Checklist for an Estate Plan – Annapolis and Towson Estate Planning
For many people, what comes to mind when they think about estate planning, is how much money they will be able to save in taxes as assets are passed from one generation to the next. While that is certainly an important part of any plan, there is much more to consider so that a person and his or her family are protected for the future.
Do You Want to Decide or Do You Want the State to Decide? – Annapolis and Towson Estate Planning
Estate planning attorneys will agree, it’s better to die with a properly drafted will than to die without one. If you don’t have one, consider getting one.
Preparing for the Inevitable: The Loss of a Spouse – Annapolis and Towson Estate Planning
According to the U.S. Census Bureau, the average age of widowhood in the United States is a surprisingly young 59.