What Should I Know about Guardianships? – Annapolis and Towson Estate Planning
Guardianships – also referred to as conservatorships – are drastic and invasive.
Guardianships – also referred to as conservatorships – are drastic and invasive.
So why should you consider a more comprehensive plan than just leaving an out-of-state vacation home in your will?
Estate planning is always a difficult subject to deal with, because who wants to arrange things for when they die?
If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
Trusts are often associated with the rich, but the uber-wealthy are not the only people who can benefit from using trusts. There is no minimum asset level or net worth required to set up a trust, and you can put any amount of money into a trust.
For parents who have a child with special needs, planning for their loved one’s life after they themselves are gone can be overwhelming. Breaking the process down into manageable parts and working with specialized professionals and companies can help.
Here are the top five mistakes people make that upend their planning.
What Is a Living Trust?
Probate is a legal process wherein a court oversees the settlement of an estate after the owner passes.