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 [...]
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Posted 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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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Decedent – The person who has died. ____ 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 Reproduction/Surrogacy. If you have questions or concerns, you’re invited to call 301-968-1630 or send an e-mail any time, without cost [...]
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Parents in Maryland rely on a lot of outside help when it comes to raising their children. From family members to school systems to friends who pass on advice and hand-me-downs, it really does take a village to raise a child. When it comes to estate planning, however, it is up to you to determine [...]
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Posted in Estate Planning on Jan 2nd, 2012
When preparing your estate plan, keep in mind that some of your assets may not need to go through probate. Probate is the process by which legal title to property is transferred from the deceased person’s estate to his/her beneficiaries. Non-probate assets do not go through this process. So, what are non-probate assets? Non probate [...]
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