Building and Protecting Families
Posted in Estate Planning, Estate Planning Term of the Week, Trusts, Wills on Feb 15th, 2012
Estate planning – A process by which a person designs a strategy and executes a will, trust agreement, or other documents to administer the assets for the beneficiaries. Tax and liquidity planning are part of this process. ____ Kinsey Law Group, P.C. was formed to focus on the needs of families. We are dedicated to [...]
Posted in Estate Planning, Estate Planning Term of the Week, Trusts, Wills on Feb 8th, 2012
Estate – The aggregate of all assets and debts owned by an individual during his or her life or at the time of his or her death. ____ Kinsey Law Group, P.C. was formed to focus on the needs of families. We are dedicated to assisting you in the areas of Estate Planning and Assisted [...]
Posted in Estate Planning, Guardianship Planning for Minors, Trusts on Feb 7th, 2012
The increasing cost of college tuition has sent many people turning to their estate planning attorneys to discover the most strategic, tax-friendly ways to meet their children or grandchildren’s future education needs. It’s well known that Ivy League schools can cost over $50,000 a year, while state university programs can cost up to $25,000, with [...]
More About Tips for Paying Your Grandchild’s College TuitionPosted in Estate Planning, Guardianship Planning for Minors on Feb 6th, 2012
Statistics show that 69% of parents do not have legal guardians named who can raise their kids if something tragic happens to them. When parents do think about naming guardians for their minor children, many parents consider naming a married couple when they really have only one member of the couple in mind. Tweet
More About Naming Guardians for Your Minor KidsPosted in Estate Planning, Trusts, Wills on Jan 31st, 2012
Trust lawyers are well aware of the variety of online estate planning tools available to those in Bethesda and Largo and beyond. The variety of products available can create a false sense of security, however, when an individual believes he or she has made adequate plans for the estate. Recent Consumer Reports findings determined that [...]
More About Online Estate Planning ToolsPosted in Estate Planning, Guardianship Planning for Minors on Jan 19th, 2012
If you’re making New Years resolutions this year and still have minor children at home, don’t forget to add naming legal guardians to the list! Statistics show that 69% of parents do not have legal guardians named who can raise their kids if something tragic happens to them. Many assume a family member would step [...]
More About Naming Guardians for Your Minor KidsPosted in Asset Protection, Estate Planning, Trusts, Wills on Jan 17th, 2012
In Maryland, just as everywhere else in the nation, there is a tendency for people to put off estate planning. Elder law attorneys recognize that there are multiple factors that lead people to procrastinate when it comes to the process. One of the biggest factors, of course, is that most people don’t want to consider [...]
More About Helping Parents Create an Estate PlanPosted in Asset Protection, Estate Planning on Jan 10th, 2012
When we typically think of estate planning, we see grandma and grandpa putting together a will and possibly setting up some trusts for the following generations. It’s all about providing for our offspring, right? Not necessarily. Even if you are single and/or have no children, a Bethesda or Upper Marlboro wills and estates lawyer should [...]
More About Estate Planning For SinglesPosted in Asset Protection, Estate Planning, Trusts on Jan 9th, 2012
People often mistakenly believe that their revocable trusts can protect their assets from lawsuits. When assets are transferred into your trust, they are still within your control. You can sell, invest or give away the assets. Your revocable trust is simply a mirror image of you – you are the creator of the trust, the [...]
Posted in Estate Planning, Free Reports/Guides, Guardianship Planning for Minors on Jan 5th, 2012
It’s the New Year which means millions of Americans will make resolutions to finally get their financial affairs in order. Maybe for you that means taking a cold, hard look at your credit card debt and making a plan to pay it off or taking out that life insurance policy you know you need but [...]