Talking to your loved ones about your will and other estate planning documents can feel uncomfortable. While you want your friends and family to have parts of your estate that are meaningful to them, a discussion about what you will leave behind might seem morbid and...
estate planning
Choosing your trustee should not be an afterthought
The estate planning process for parents can be long, especially for high-net-worth families. This is because you have both more assets and income to plan for the average estate planner, in addition to all the normal familial considerations. Additionally, you may be...
How do I begin estate planning in Maryland?
When you think of estate planning, you may think that it is something that only older people have to worry about. Well, unfortunately, that is not always the case. You really never know when you may be come incapacitated or pass away suddenly and under certain...
Make sure your estate plan is up to date
If you have an estate plan in place, you are well ahead of millions of Americans. Your estate plan will save your loved ones a lot of work -- and perhaps a lot of money -- after you’re gone. Depending on the specifics of your plan, it can also help protect you and...
Are there assets I should not include in my revocable trust?
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...
What should you do to avoid probate?
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...
Are there assets that people forget to put in their estate plan?
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...
The basics of wills in Maryland
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...
Estate planning considerations when traveling
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...
Three actions to take after you have executed your estate plan
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...