Posted in Estate Planning, Trusts, Wills on Dec 12th, 2011
I offer clients the opportunity to sit down with me and review their estate plans at least once each year. However, this doesn’t mean you should wait until your next review if your circumstances change. This Estate Planning Checklist identifies events that could make a significant impact on your estate. If any of these events [...]
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When it comes to estate planning in Maryland, there are many misconceptions. Over the years, I have noticed some common themes in the way some people think about Wills. In this post, I will discuss 4 common misconceptions I regularly encounter when helping people in Bethesda and Upper Marlboro get their financial affairs in order. [...]
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Posted in Estate Planning on Mar 8th, 2010
Many people believe that estate plans are only for the wealthy and well-to-do. This is another common estate planning myth. More than 60% of all Americans die without an estate plan, leaving their state’s intestacy laws to determine who will inherit their property. Intestacy laws may also determine who will act as guardian of your [...]
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Posted in Estate Planning on Jan 20th, 2010
According to the Maryland Register of Wills website, if you die without a Will (intestate), your property will be distributed to your surviving relatives based on Maryland state law. If you are survived by: Spouse and your minor children – spouse receives one-half, children share remaining one-half Spouse and your children (all adult) – spouse [...]
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Posted in Estate Planning on Dec 9th, 2009
In Part II, we discussed Wills and the advantages and disadvantages of having a Will. This issue will focus on the second of four estate planning tools – a Trust, and the advantages and disadvantages of having a Trust as part of your estate plan. What is a Trust? A Trust, generally, is a legal [...]
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Posted in Estate Planning on Nov 12th, 2009
In Part I, we discussed estate planning and the importance of having an estate plan. This issue will focus on the first of four estate planning tools – a Will or Last Will and Testament, and the advantages and disadvantages of having a Will. Tweet
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