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Revocable trusts -- also referred to as living trusts -- can be a significant part of a well-rounded estate plan. Assets in a revocable trust bypass probate while still leaving your loved ones with an inheritance, which can save time and money after you pass. While...
It is never too early to get involved with estate planning. Assuming that you have assets and/or a spouse and possibly one or more children, it is probably time to start thinking about what you wish to leave your loved ones after you are no longer here. An optimal...
Estate planning can be complicated, especially for high net-worth couples and individuals. However, even those with more modest estates may have a much larger estate then they realize. Why? Digital assets. What are digital assets? Digital assets are all those accounts...
Wills serve as the backbone of the estate plans of many people in Severna Park. A will is a written document that dictates who you want to inherit which assets after you pass away. The following is an overview of wills in Maryland. Executing a valid will There are...
Traveling is an enjoyable and exciting hobby for many of us, and when planning or going on a trip we often get so caught up in the anticipation that we may overlook possibilities we would rather not think about, such as what would happen in the event of an unexpected...
Estate planning can be a complicated task but one that puts your mind at ease once it is finished. However, estate planning is not over once the ink is dry on your will and other documents. The following are three actions to take after you have executed your estate...
Raising a family can be one of life’s greatest joys, and this joy only continues once grandchildren are born. You may have worked hard at your job while raising your children to provide for their needs and give them all the opportunities you possibly could. Now you...
A life insurance trust allows a person to have control over his or her life insurance policy and how the proceeds are distributed to the beneficiaries he or she named. In a trust, the grantor is the creator of the trust, the trustee is the person who is responsible...
Due to these crazy and unprecedented times that we find ourselves in, estate planning has become a hot topic. After all, the only thing in life that is guaranteed is death and taxes, so we might as well plan for it now. And, many people are coming to this same...
A will sets out how a person’s property will be distributed after their death and names a personal representative who is responsible to their pay bills and collect assets. Sometimes, there are circumstances when a will is contested. This may be because the will was...