Today many estate plans contain irrevocable trusts that will continue for the benefit of a surviving spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is crucial to choose the right succession of trustees.
Read More »Baltimore Register of Wills Can’t Find Her Father’s Original Last Will, Will Your Family Be Able to Find Yours?
While it’s not unusual for an original last will and testament to be misplaced, it is when your daughter happens to be the Register of Wills for Baltimore City.
Read More »Wrongful Death Settlement Talks Can Now Proceed in DuBose Case
The aftermath of a high-profile police shooting incident in Cincinnati illustrates a central tenet of estate law when a person passes away without an estate plan. The death of Sam DuBose received massive media attention and sparked national outrage. In July, DuBose was shot and killed by a University of Cincinnati police officer as […]
Read More »Estate Planning Options for Your Pets
Increasingly people are making provisions in their estate plans for their pets. If you would like to do the same, then you have a few options for how to do it. In the past people gave little thought to what might happen to their pets after they passed away. It certainly was not common to provide […]
Read More »Does Your Revocable Living Trust Reduce Your Estate Tax Bill?
Many people believe that once they set up and fund a revocable living trust, property held in the trust will avoid estate taxes after they die. In reality, this may or may not be true depending on your choice of beneficiaries and the terms written into your trust agreement. Single Trustmakers and Estate Taxes […]
Read More »Preventing Long Term Care Policy Lapses
Long term care in a nursing home is extremely expensive. One way to mitigate that expense is to purchase a long term care insurance policy. Unfortunately, many of the people most in need of long term care insurance let their policies lapse before they need them.
Read More »The Most Important Love Letters You’ll Ever Write
Many Americans have the misperception that estate planning is simply preparing for one’s death and is only necessary for the affluent. To the contrary, estate planning is as much about passing values to loved ones as it is about passing material possessions.
Read More »3 Powers to Consider Giving to a Trust Protector
Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is important that they include a trust protector who will have the ability to adjust the trust provisions as circumstances, […]
Read More »How to Get Disinherited
If you do not want to be disinherited by your relatives, it might be helpful to know what actions often lead to disinheritances so that you can avoid them. Normally when someone is disinherited it comes with anger and surprise. This is because often people do not think that they have done anything so […]
Read More »The Importance of Digital Asset Planning and Organization
If you have ever forgotten a password to a digital account, then you know how difficult it can sometimes be to retrieve it. It might require remembering how you answered a security question like “Who was your favorite teacher growing up?” Remembering how you quickly answered that question several years in the past can be […]
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