From naming a guardian for your children to laying out your wishes for your home, your car and your savings, your estate plan must address many different details of your life. As a small business owner, though, your estate plan should address more than your personal...
Wills And Trusts
Take tax-saving estate planning advice from the wealthy
The famed business investor Warren Buffet once remarked about the increasingly widening gap that has been emerging between American's rich and poor during the past few years. He once argued that this gap is only getting bigger because wealthy families are finding new...
Common misconceptions about wills and the probate process
Only 40% of Americans have taken time to sit down and draft a will. Researchers have found that warnings that all adults should have wills in place have often reached the other 60% of the adult population. The only problem is that many of the individuals that this...
Be strategic about how you disinherit your family members
Some individuals tend to think that blood is thicker than water when they're asked to choose between family or friends. When it comes to drafting a will though, some testators would rather leave their assets to the family members that they've chosen instead of the...
What happens if you die without a will in Maryland?
While many individuals take time to sit down and draft a will at some point during their lives, there is a significant number of people who do not. Many people believe that they're too young, too healthy or that they don't have enough assets to warrant drafting one....
There are 3 valid reasons to contest a will
Most individuals aren't aware of the contents of a loved one's will until after their loved one passes.It can be disappointing and downright shocking if you find out that your loved one has left you less than what you expected -- or has even completely written you out...
Be cautious when selecting your Maryland trust’s trustee
A key decision that anyone setting up a trust must make is to decide who they're going to appoint to the role of trustee. There are a few attributes that you should look for any potential trustee candidate to have before appointing them to that role.First, the...
What’s considered to be a valid will in Maryland?
A will is an estate planning document that individuals draft to give their personal representative directions for how they'd like their assets to handled once they die. Each state has its own standards for what's considered to be a valid will. They also handle wills...
