How to Make Beneficiary Designations Better – Annapolis and Towson Estate Planning
Beneficiary mistakes can result in retirement plan assets being transferred to unintended beneficiaries.
That Last Step: Trust Funding – Annapolis and Towson Estate Planning
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
What Is a Testamentary Trust and Do You Need One? – Annapolis and Towson Estate Planning
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
How Bad Will Your Estate’s Taxes Be? – Annapolis and Towson Estate Planning
There were only approximately 1,900 taxable estates in the U.S. in 2018, which is less than 0.1 percent of people who died that year.
Preparing for the Inevitable: The Loss of a Spouse – Annapolis and Towson Estate Planning
According to the U.S. Census Bureau, the average age of widowhood in the United States is a surprisingly young 59.
How Do I Reduce My Blended Family Fighting Concerning My Estate Plan? – Annapolis and Towson Estate Planning
Even a close family can have quarrels and confrontations, but these conflicts tend to be more prominent within a blended family.
I’ve Inherited an IRA – Now, What about Taxes? – Annapolis and Towson Estate Planning
One wrong decision can lead to expensive consequences, and good luck trying to persuade the IRS to give you a do-over.
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.
Your Spouse Just Died … Now What? – Annapolis and Towson Estate Planning
In many relationships, it’s common for one spouse to play money manager and the other to take a more passive role. This, however, can lead to major complications, when the financially dominant partner dies first.