Revocable trusts vs. irrevocable trusts
Trusts are among the most important tools in estate planning. They offer strong protection for assets and they can be customized to suit many family situations and goals. Unlike your will, your trust can go into effect during your lifetime. This way, you can start...
Estate planning: where do I begin?
You may keep hearing about how important it is to have an estate plan but not know exactly what that means or how to get started. You might also assume that you do not need an estate plan unless you are rich. This is not true. Almost everyone can benefit from having...
What should be included in a will?
A will is often the best way to specify how you would like your assets to be distributed upon your death. Your will must meet certain requirements and include certain information to be declared valid by the court. What are the requirements for a will in Maryland? As...
Irrevocable trusts
When you begin the estate planning process, you have a mind-numbing number of options to maximize your estate and effectuate your wishes. One estate planning vehicle is a trusts, but even within that vehicle, there are many, many options. One such type of trust is an...
Nearly everyone could benefit from a power of attorney
We tend to think that estate planning is only for the wealthy, but that’s not true. There are aspects of estate planning that can be useful at any stage of your life and a power of attorney is one of them. But there are different types and understanding your options...
I think my loved one’s will is unfair. Can I contest it?
In dramatic movies, a will is read to grieving loved ones and passionate anger ensues when one person winds up disinherited. In reality, such situations are rare. But, if you believe your loved one’s will is unfair, you may want to pursue a will contest. However,...