What You Need to Know about Drafting Your Will – Annapolis and Towson Estate Planning
If you pass away with no will, a state court may decide who gets your assets and — if you have children — who will care for them.
Do Beneficiaries of a Will Get Notified? – Annapolis and Towson Estate Planning
In most instances, a will is required to go through probate to prove its validity. Investopedia’s recent article entitled “When the Beneficiaries of a Will Are Notified” explains that there are exceptions to the requirement for probate, if the assets of the diseased are below a set dollar amount. This dollar amount depends on state…
Am I Making One of the Five Common Estate Planning Mistakes? – Annapolis and Towson Estate Planning
When is the last time you updated your will? Could your beneficiaries have changed? If you have a trust, did you actually fund it? Is your plan ready for the new SECURE Act? Here are five mistakes you don't want to make.
What Should I Know about Beneficiary Designations? – Annapolis and Towson Estate Planning
Many people have tens of thousands–even hundreds of thousands–of dollars in their IRAs. If you have an asset that large, shouldn’t you devote more effort to planning for its ultimate disposition?
Some Estate Planning Actions for 2020 – Annapolis and Towson Estate Planning
This time of the year is a great time to revisit your estate plan, so you can ensure your legacy is protected for years to come.
Are Your Company Benefit Plan Designations Up-to-Date? – Annapolis and Towson Estate Planning
Upon passing, your will outlines who gets what, when and how (outright or in trust). Your named executor will submit the will to the proper court which determines its legitimacy and oversees the distribution of assets, a process called probate. However, not all of your assets are controlled by your will.
Figuring Out A Parent’s Financial Life, When They Cannot – Annapolis and Towson Estate Planning
Statistics tell us that it is very likely one or both of our parents will end up in a nursing home or rehabilitation center for an extended period. If you’re like most people, you do not know a whole lot about your parent’s finances.