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.
Do Joint Accounts With Rights of Survivorship Work?- Annapolis & Towson Estate Planning
Joint accounts may seem like an effective way to prepare if parents need help with finances as they get older, but unexpected problems could crop up.
Why You Need a Secondary Beneficiary – Annapolis and Towson Estate Planning
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
What Is Included in an Estate Inventory? – Annapolis and Towson Estate Planning
One of the essential steps in the probate process is filing an inventory of all the assets that are part of the estate.
What’s the Difference between Probate Assets and Non-Probate Assets? – Annapolis and Towson Estate Planning
Non-probate assets are those assets which do not go into an estate when the owner dies.
Can I Change My Estate Plan During Divorce? – Annapolis and Towson Estate Planning
At such an emotional time, more paperwork is probably the last thing you want on your to-do list. However, taking a few key steps is critical to your financial future.
What a Will Won’t Accomplish – Annapolis and Towson Estate Planning
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
When Should You Fund a Trust? – Annapolis and Towson Estate Planning
For larger estates, a revocable trust is generally the most effective tool for avoiding probate. It involves some setup costs. However, it allows you to manage the disposition of all of your wealth in one document, while retaining control and reserving the right to modify your plan.
Can You Have Bitcoin in IRA? – Annapolis and Towson Estate Planning
The cryptocurrency market climbed to more than $2 trillion over the weekend. Investors who want to get in on those gains may want to add those assets to their IRA.
How Do You Plan for the Death of a Spouse? – Annapolis and Towson Estate Planning
Beneficiary designations, tying up loose ends, reporting last wishes—here’s what you can do now.