25+ Years Of Legal Experience
When doing your estate planning, never neglect to name the beneficiary of your IRA. If you started at a company when you were just out of college and before you got into a serious partnership or marriage, you may have put it off. The other option you might have faced...
When many people think about estate planning, they often envision wills, trusts and complex financial arrangements meant for the elderly or the wealthy. However, one of the most important documents you should have in place -regardless of your age or financial...
If you have a loved one with a disability, planning for their long-term care should be among your top priorities when making your estate plans. You want to ensure they have financial stability and access to the support they need when you are gone. A special needs...
Trusts are an excellent estate planning tool. People like them for the tax benefits and avoiding probate. Trusts offer flexibility and allow you to determine the conditions under which your assets will be distributed. The two main types are revocable and irrevocable,...
Many people die intestate. This means that when they pass away, they do not have a legal will on file. They haven’t left comprehensive instructions for their beneficiaries or chosen an estate executor. While many people intend to write a will eventually, statistics...
Cash is king – or so the saying goes. That’s why a lot of people automatically assume that leaving cold, hard cash to their loved ones in their estate plan will be a blessing. However, it doesn’t always work out that way. Leaving someone a hefty inheritance directly –...
If you become a grandparent, it is a good time to update your existing estate plan. If you don’t have a plan yet, then it’s a good time to draft one. This is a significant life change and needs to be addressed. To begin with, many grandparents simply want to include...
When creating a will, most people are guided by how they want their assets to be distributed. However, while the concept of a will provides flexibility, Maryland has legal guidelines regarding whom residents can and cannot include. Residents of the Old Line State can...
You’ve probably seen those ads by companies that let you create a will and other estate plan documents online. This might sound like a cost-effective idea, especially if you’ve gotten used to doing your income taxes online. People often assume they don’t need...
A relative or friend passed away and left you some money or property. An inheritance can change your life, but it is important to update your estate plan to ensure your new wealth goes where you want it to. When you receive an inheritance, your financial situation...