Does a Beneficiary have to Pay Taxes on 401(k)? – Annapolis and Towson Estate Planning
If you anticipate inheriting a 401(k) from a parent, a spouse or someone else, it’s important to know your options for minimizing tax liability.
Actress Helen McCrory Leaves Money in Trust – Annapolis and Towson Estate Planning
Helen McCrory had a huge net worth at the time of her death.
Some States Have Tough Estate and Inheritance Taxes – Annapolis and Towson Estate Planning
Federal estate taxes are no longer a problem for all but the extremely wealthy. However, several states have their own estate taxes and inheritance taxes that could still hit your heirs.
What’s the Most Important Step in Farm Succession? – Annapolis and Towson Estate Planning
Succession and estate planning is difficult and time-consuming. However, it is also a key step for a business that can grow into the future.
Pay Attention to Income Tax when Creating Estate Plans – Annapolis and Towson Estate Planning
Avoidance of estate taxes is one consideration in estate planning.
How Do I Contest a Will? – Annapolis and Towson Estate Planning
Wills often go through probate, which is the legal process for settling an estate. The rules are different for every state, so check with an attorney or your local county office to learn more.
When Should I Hire an Estate Planning Attorney? – Annapolis and Towson Estate Planning
Here are four types of estate situations that could call for professional legal help.
What Is a Marital Trust? – Annapolis and Towson Estate Planning
If you’re married, you may be wondering what happens to your assets once you or your spouse passes. The answer to that question depends on various factors, including whether or not you have a marital trust.
Addressing Vacation Home in Another State in Estate Planning – Annapolis and Towson Estate Planning
So why should you consider a more comprehensive plan than just leaving an out-of-state vacation home in your will?
What’s Involved with Being a Trustee? – Annapolis and Towson Estate Planning
Being a trustee is difficult but adopting these four best practices employed by professional trustees will go a long way to ensure that you’ll effectively execute your duties and mitigate your liability.