Top Benefits of Estate Planning – Annapolis and Towson Estate Planning
Estate planning isn’t just for the ultra-wealthy, nor is it something you should put off until your golden years.
Ask Mom if She has a Will – Annapolis and Towson Estate Planning
My mother told me many times over the years that she had a will, and I believed her. When she passed away, we discovered that her will was 40 years old—and completely useless.
What Happens to Digital Assets After Death? – Annapolis and Towson Estate Planning
Regardless of the preferred record-keeping mode, most people have some sort of digital footprint, making it important to know who would have access to your digital assets if you became incapacitated and how those assets would be distributed in the event you pass away.
The Future of Your IRA and How the SECURE Act Changed the Rules – Annapolis and Towson Estate Planning
The Setting Every Community Up for Retirement Enhancement (Secure) Act upended inherited IRAs for most non-spousal beneficiaries. The 10-year rule for withdrawing from inherited IRAs eliminated the ability to stretch inherited IRAs for these beneficiaries.
What Is the Best Asset Protection? – Annapolis and Towson Estate Planning
Perhaps the largest number of people who may benefit from asset protection planning are those who are at most mildly concerned about asset protection issues, or not even aware of the need for such planning.
Is Succession Planning Necessary for Family Business Entities? – Annapolis and Towson Estate Planning
While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.
What Assets Should Be Considered when Planning Estate? – Annapolis and Towson Estate Planning
From digital assets to financial accounts to sentimental items, here’s what to think about to make sure your loved ones have access to everything they need when you pass away.
What Is Family Business Succession Planning? – Annapolis and Towson Estate Planning
Studies have shown that the number of family businesses owned by second generations and third generations dramatically decline for a number of reasons. One large reason is the lack of business succession planning for the family business.
Digital Assets Need to Be Protected In Estate Plans – Annapolis and Towson Estate Planning
The proliferation of digital footprints in our online communities raise demand for consumer tools and options for dealing with digital assets upon incapacity and death.
An Estate Plan Is Necessary for the Unthinkable – Annapolis and Towson Estate Planning
Have you resolved to get your estate planning done at last or perhaps updated? Good for you. Here’s what you’ll need to do, and, just as importantly, what you don’t need to do.