"Estate Planning for Tangible Property" by Attorney Laura Curry (Audio) One of the many reasons a person creates an estate plan is to specify what should happen with their property when they pass away. This includes their personal property, also known as “tangible property”. Tangible property is generally defined as personal items that can be touched, such as household furnishings, books, … [Read more...] about Estate Planning for Your Tangible Property
What Do Executors Need to Know?
"What Do Executors Need to Know about Managing Estate Assets?" by Attorney Alex Pagnotta (Audio) When you make a Last Will and Testament, you need to consider who you want to serve as the executor, or personal representative, of your estate. The executor will be responsible not only for seeing your Will through the probate process, but also managing your assets. As the probate process may take … [Read more...] about What Do Executors Need to Know?
What is a Letter of Instruction?
"What is a Letter of Instruction?" by Attorney Jim O'Brien (Audio) The time immediately following the death of a loved one can be stressful and overwhelming. Family members are grieving, and on top of this, they must handle a variety of organizational and legal tasks. Fortunately, you can minimize many of these complications ahead of time by creating a letter of instruction. A letter of … [Read more...] about What is a Letter of Instruction?
Patagonia Founder Gives Away His Company
"Patagonia Founder Gives Away His Company" by Attorney Alex Pagnotta (Audio) There are many different ways to gift money. You can gift $16,000 per person per year without having to file a gift tax return. If you gift more than that, then a gift tax return should be filed. This includes giving money or money’s worth to most friends and family. You can also gift money by contributing to a … [Read more...] about Patagonia Founder Gives Away His Company
Estate Planning for Blended Families
"Estate Planning for Blended Families" by Attorney Laura Curry (Audio) Estate planning for blended families can get confusing and sometimes become a roadblock or a reason why people procrastinate having a plan at all. By building a concrete estate plan for both your biological and through marriage family members, you can help avoid probate court and legal issues down the road. First, what … [Read more...] about Estate Planning for Blended Families
Power of Attorney Basics
"Power of Attorney Basics" by Attorney Jim O'Brien (Audio) What happens if a sudden injury or illness happens to a family member or loved one and they can no longer manage their financial affairs or make medical decisions for themselves? If you want to avoid an expensive and drawn-out court process, a financial power of attorney and health care power of attorney are two key parts of an estate … [Read more...] about Power of Attorney Basics
Should I Purchase Long-Term Care Insurance?
"Should I Purchase Long-Term Care Insurance?" by Attorney Ayana Johnson (Audio) Should I Purchase Long-Term Care Insurance? An important aspect of estate planning is planning for your retirement years. Doing so requires you to do more than just stash as much money away as possible – though saving money certainly is important. Planning for your retirement years should also consider the very real … [Read more...] about Should I Purchase Long-Term Care Insurance?
Helping Your Family Through Estate Planning
"Helping Your Family Through Estate Planning" by Attorney Jon Gasior (Audio) One of the most common reasons people plan their estates is to make things easier for their loved ones. Preparing and executing estate planning documents is just the first step to providing your family with peace of mind. Making sure your family has all the information they need is really the key to completing an … [Read more...] about Helping Your Family Through Estate Planning
Preparing to Meet with a Probate Attorney
Meeting with a Maryland probate attorney can be very important if someone you love has passed away. The individual the decedent has named as executor of an estate should meet with a probate attorney as soon as possible in order to get advice about fulfilling his or her duties. If you are an heir or beneficiary, you may also consider meeting with an experienced attorney to understand your options … [Read more...] about Preparing to Meet with a Probate Attorney
Should I Update My Estate Plan If My Spouse Is Incapacitated?
"Should I Update My Estate Plan If My Spouse Is Incapacitated?" by Attorney Laura Curry (Audio) Should I Update My Estate Plan If My Spouse Is Incapacitated? Years ago, you and your spouse met with an attorney to develop an estate plan. Perhaps you set up a will naming each other as personal representative/executor or even a living trust where you are both named as initial co-trustees. … [Read more...] about Should I Update My Estate Plan If My Spouse Is Incapacitated?
