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
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...
Four common documents to include in your estate plan
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...
Understanding life insurance trusts
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...
What is some estate planning tips for childless families?
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...
Common reasons a will may be contested
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...
Understanding the role of Maryland’s Orphans’ Court
In Maryland, the Orphans’ Court is the probate court that is responsible for overseeing estate administration for people who have passed away, either with or without a will, while owning property in their name only. This property may include a car, jewelry, cash, bank...
Basic estate planning documents to execute before age 40
You may have hit many life milestones by the time you reach 40. You may have graduated college, purchased your first home and have had children. It is a busy season of life, but one that can be greatly rewarding. Yet in the busyness one essential task you do not want...
What happens if a person dies without a will in Maryland?
Estate plans can include many testamentary documents that provide information and insights on an individual's wishes if they become incapacitated or die and leave assets behind. One important testamentary device that many Maryland residents choose to execute is a...
Now is the time to set up to your estate plan
Estate plans help everyone, regardless of income, assure that their assets are transferred fairly and smoothly, and your needs are competently handled if you become incapacitated. Strategies should be undertaken sooner rather than later so that your estate planning...