Estate Planning

You may want to pass your wealth to your grandchildren instead of your children. A generation-skipping trust gives you that option. This trust lets you transfer assets while reducing estate taxes and protecting your legacy. How it works A generation-skipping trust...

Creating a will is an important step in ensuring the fulfillment of a person’s wishes after death. However, mistakes in a will can cause confusion for family members and may even lead to legal disputes.  Avoiding common errors can make the probate process smoother and...

Have you ever wondered about simplifying the process of passing on your property after you pass? A transfer on death deed (TODD) might be worth considering. This legal tool allows you to transfer real estate to your chosen beneficiaries without going through probate....

Maryland changed its laws about charitable giving in estate plans. These changes impact how people can donate to charity through their estate plans and provide more options. The new laws offer flexibility, but individuals need to understand them to ensure their...

Divorce significantly impacts estate planning, particularly when specific state laws come into play. Understanding how divorce might alter your existing estate plan is important to ensure your estate honors your wishes and distributes your assets according to your...

When dealing with the administration of an estate in Maryland, a personal representative or executor plays a crucial role. They are responsible for managing and distributing the deceased's assets according to the will or state laws. However, there can be instances...

Estate planning may seem like a topic reserved for older adults or individuals with significant assets. However, artists of all ages need a solid plan to ensure their work receives protection and proper management after their death. Planning also minimizes potential...

Trusts and wills are estate planning tools that help people distribute assets and property after death. However, they differ quite a bit in terms of structure, function and administration. Understanding the key differences between trusts and wills is helpful for...

An estate plan is important for ensuring your wishes come to be, and your assets undergo distribution according to your preferences after you pass away. This is true regardless of whether you have or ever plan to have children. Estate planning is not just about...

In the intricate landscape of long-term care planning, ensuring the protection of your assets is a necessary step toward securing a comfortable future. As people navigate the complexities of aging, it becomes imperative to adopt strategic measures that shield their...