Posted in Estate Planning, Trusts, Wills on Nov 28th, 2011
As a Maryland estate planning attorney, I meet with many people who do not know if they need a will, a trust or both. So, how do you know if you need a Trust instead of a simple Will? Many people assume that Revocable Living Trusts are only for the wealthy, but Revocable Living Trusts [...]
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Posted in Estate Planning on Mar 29th, 2010
MYTH: Estate planning is only for the wealthy. FACT: This is one of the most common estate planning myths. There are many other factors or objectives other than wealth that you should consider. For example, if you desire to do any one of the following, then you need a comprehensive estate plan: (1) providing for [...]
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Administrator Definition: The person who is responsible for settling a deceased person’s estate. The administrator is named in your Will or appointed by the probate court if you do not have a Will. Also Known As: Personal Representative or Executor/Executrix Tweet
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