How Divorce Affects an Estate Plan
Divorce significantly impacts estate planning, requiring updates to wills, trusts and beneficiary designations to ensure that assets are distributed according to new intentions.
What Happens If Couple Divorce and Own Business? – Annapolis and Towson Estate Planning
No one enters a relationship — be it personal or business — thinking it will fail. However, what happens when it does?
What Is Family Business Succession Planning? – Annapolis and Towson Estate Planning
If you plan to pass your business to your offspring, there is more to keep in mind when creating your succession plan than your descendants—there are also their spouses—especially if they become ex-spouses.
How Blended Families Can Address Finances and Inheritance Issues – Annapolis and Towson Estate Planning
When you remarry, you’re not only combining residences with your new spouse, you’re also merging your finances. If you have children, it may involve some financial-related stress.
What’s the Best Way to Gift an Interest in My Business? – Annapolis and Towson Estate Planning
Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business, while transitioning ownership to the younger generation.