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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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
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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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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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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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4 Documents Every Parent With Minor Children Should Have Welcome to the last installment of my five-part series, The Basics of Estate Planning. In part I, we defined estate planning and provided examples of what could happen to you if die without an estate plan. In part II, we discussed Wills, the advantages and disadvantages [...]
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When you have minor children, you should always name temporary (short-term) and permanent (long-term) guardians. A temporary or short-term guardian is someone (or a couple) who will immediately be there for your children if anything happens to you. For example, if you are in a car accident, your temporary guardian will care for your children [...]
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