Estate planning for digital assets can become complicated. As these assets become more common for Americans, it is important to know how they work and if there are any special considerations. For example, cryptocurrency can be a very valuable digital asset. This is an...
Plan For The Future With Confidence
Estate planning
Can you delay when someone gets an inheritance?
Yes, it is possible to delay when someone receives an inheritance. But you likely need to take steps to do this well in advance. After all, most people can directly inherit assets as soon as they turn 18 and become legal adults. If you leave $100,000 to a grandchild...
Estate tax vs inheritance tax: What’s the difference?
If you are planning your estate, you should know something about Maryland that sets it apart from the rest. Maryland is the only state in the entire country that imposes both an estate tax and an inheritance tax. Both taxes can apply to your estate depending on its...
What is an executor of the estate?
You may be asked who you want as your executor when drafting an estate plan. Simply put, an executor is responsible for managing your assets after you pass away. The role of executor is not a simple job that should be taken lightly. It can help to understand what an...
How is a living will different from a power of attorney?
Both living wills and powers of attorney can be used when creating an estate plan. Often, these are both set up to address future medical decisions. Though similar in focus, these documents both approach the issue much differently. With a living will, the goal is...
Leaving an inheritance to a beneficiary with special needs
If you have a family member with special needs, you may certainly want to include them when you make your estate plan. You may know that they have a limited income, for example, or none at all. Leaving them an inheritance can be life-changing. The money may mean more...
Can your beneficiaries get your estate executor removed?
If this is the year you’ve committed to putting your estate plan in place, one of the most important decisions you’ll make is choosing your personal representative (commonly known as an executor). This is the person who will be in charge of administering your estate,...
Estate planning tips to safeguard your assets as a senior
Estate planning is one of the most important steps seniors can take to protect their assets, family and future wishes. While many people delay the process, having a clear estate plan can reduce confusion and stress for loved ones later in life. A well-prepared estate...
2 ways financial assets can skip probate
When you pass away, many of your assets are going to go through probate. But it is important to remember that not all of them are bound by this process. There are some assets that can skip probate entirely, often by transferring out of your possession upon your...
3 signs it may be time to review and update an estate plan
Maryland estate plans help protect dependent family members and create a legacy for people who die. They can also outline medical preferences and grant legal authority to other adults in emergency scenarios. Estate plans may retain their authority indefinitely, but...
