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Taking an individual approach to estate planning is essential when you live in Maryland. Using the right estate planning tools can help safeguard your property and distribute it in the best way possible. Minimizing estate taxes is essential to protect your assets...
Circumstances of life change over time, so you should periodically update your will. Ideally, you should update your will as soon as you make a major life change. Maryland revokes provisions related to an ex-spouse when you divorce only if they weren't named as a...
Divorce can be complex and stressful, but nearly half of marriages end in divorce. There are many thoughts on either spouse's mind in Waldorf, Maryland. After the final papers of a divorce, people don't usually think about their estate plan. A person should never...
If you are an executor of a will in Maryland, you must open an estate and request the probate court to name you as the administrator before you can perform any of your fiduciary duties. Here’s how you can go about it. The type of estate to open in Maryland You can...
There are a lot of things on a Maryland resident's mind immediately after a loved one passes. Unfortunately, one of the most pressing concerns might be how to pay for things like the funeral expenses and estate taxes. An estate tax is applied by federal and state...
A trust is a legal document that allows you to control your assets in Maryland after you die. This can be a great way to ensure that your loved ones inherit your property and money smoothly and timely. But what assets should be included in your trust? Keep reading to...
Planning your estate in Maryland doesn't need to be a logistical nightmare. You can establish plans to make sure your loved ones are provided for. One of the most important details will be naming an executor. This is the person who will be responsible for carrying out...
Estate planning is how you structure your assets for distribution once you pass away. Whether you are wealthy or only have a modest nest egg, you should brush up on estate planning in Maryland well before retirement. Double-check your retirement plans Retirement plans...
Estate planning is something that all Maryland residents should do regardless of their age. If your parents have not started the process, you can help make it easier for them to understand. Why is estate planning important? Estate planning allows you to plan for the...
Estate planning is the ideal time to ask about the care your special needs children in Maryland will need. Your current responsibilities will remain should you pass today without a plan in place for a child with disabilities. Carefully planning how they'll receive...