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The Components of Estate Planning

Category: Maryland Estate Planning
November 29, 2022

If you want to ensure that your estate is handled in the way that you intend, it’s important to have a well-designed estate plan. This includes having a will and other legal documents in place that will ensure that your wishes are followed after your death.  There are many factors to consider when creating an […]

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Does a Living Trust Avoid Estate and Probate Taxes?

Category: Maryland Estate Planning
November 29, 2022

A living trust does not avoid estate tax or Probate tax. However, a living trust prevents heirs from attending probate court, a lengthy process where the deceased assets are listed and reviewed. In this way, a living trust minimizes the taxes levied on the estate, as the true value is obscured.  Living Trust Vs. Will […]

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What Are the Benefits and Drawbacks of a Living Trust?

Category: Maryland Estate Planning,Uncategorized
November 28, 2022

There are many options in estate planning that allow someone to remain in control of how their money will be distributed. One of these is a living trust, a type of arrangement between a grantor, trustee, and beneficiaries. Because of the perceived advantages of this option, living trusts remain an ideal choice for people with […]

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Intestate: What It Means and How It Works

Category: Maryland Estate Planning,Uncategorized
October 26, 2022

When a person dies without a will, they are said to have died “intestate.” This means that state law will determine how the person’s property is distributed, which can be a problem if the deceased person’s wishes are not in line with state law. Understandably, many people want to avoid the intestate succession process if […]

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An Overview of the Probate Process

Category: Maryland Estate Planning
October 25, 2022

Probate proceedings can be time-consuming, which is why families avoid undergoing the process at all. In a nutshell, probate is a court-supervised procedure where assets and obligations — including debts and taxes — are gathered and distributed to the heirs. If the proceedings go smoothly, and there are no adverse parties, probate involves mostly paperwork. […]

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How to Choose an Estate Administrator

Category: Maryland Estate Planning
October 25, 2022

Are you one of those people that are thinking about estate planning, but don’t want to hire a lawyer? While it can be tempting to do DIY estate planning as you are certain to save some money, there are many potential risks involved. You may run into estate planning pitfalls that you were unaware of, […]

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An Overview of the Probate Process and What you need to know

Category: Maryland Estate Planning
October 25, 2022

Probate proceedings can be time-consuming, which is why families avoid undergoing the process at all. In a nutshell, probate is a court-supervised procedure where assets and obligations — including debts and taxes — are gathered and distributed to the heirs. If the proceedings go smoothly, and there are no adverse parties, probate involves mostly paperwork. […]

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How To Choose the Right Guardian?

Category: Maryland Family Law
October 25, 2022

Choosing a guardian is one of the most important decisions you will make when estate planning. This person will be responsible for your estate and ensuring that your wishes are fulfilled after your death. Taking the time to choose the proper guardian is crucial. You want to be sure that you select someone responsible, trustworthy, […]

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Common Problems With the DIY Approach to Estate Planning

Category: Maryland Estate Planning
October 25, 2022

Estate planning is a necessary process that everyone should go through to ensure that their assets are distributed according to their wishes in the event of their death. However, due to Covid-19 and other unprecedented circumstances, many people now choose to do their own estate planning instead of hiring a lawyer. While this may seem […]

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What Are Advance Medical Directives and why they are Important?

Category: Uncategorized
October 24, 2022

Most of us like to think that we will stay healthy forever. So, we don’t like to think about what we would do if we had to make a tough health care decision. And for this reason, very few people have prepared an advance medical directive. But writing an advance medical directive is a good […]

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