The Difference between Revocable and Irrevocable Trust – Annapolis and Towson Estate Planning
A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
What Penalties Hurt Retirement Accounts? – Annapolis and Towson Estate Planning
The following are penalties to avoid at all costs when contributing to or withdrawing from retirement accounts.
What’s a ‘Pot Trust’? – Annapolis and Towson Estate Planning
A pot trust, also referred to as a discretionary, sprinkling or common pot trust, is a type of trust that can be used by families to pass on assets. With this type of trust, minor children serve as beneficiaries with a trustee that oversees the management of trust assets. The trustee has discretionary power to decide how the trust funds are used to pay for the care and needs of beneficiaries.
Can I Get My Co-Executor Sister to Abide by Father’s Will? – Annapolis and Towson Estate Planning
My father left his house to me and my sister. However, 75% is supposed to be for me and 25% for her. Because she feels that was unfair, she’s fighting with me about selling the house.
Does the Way I Title My Assets Have an Impact on My Estate? – Annapolis and Towson Estate Planning
The way in which assets are titled can be vital.
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?
Should I Update My Estate Plan? – Annapolis and Towson Estate Planning
Your estate plan should certainly be revised, if you have gotten married or divorced.