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Annapolis Estate Planning Attorneys

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Home / Archives for Irrevocable Trusts

What Does it Mean to Fund a Trust?

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It is important to fund your trust. A trust spells out who will be in charge of things if you were to pass away or become incapacitated. While beneficiaries are listed in the trust during planning, that doesn't mean you're done with setting up your trust for success. Let's say you look at your brokerage account and see that your name and your son’s name are listed as joint owners. The financial … [Read more...] about What Does it Mean to Fund a Trust?

Robin Williams’ Estate Plan

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  Robin Williams' untimely death came as a shock to the world this past August.  As devastating as an unexpected, sudden death can be for the family, the need to settle the estate only adds to the stress of an already overwhelming situation. However, having an estate plan in place reduces the uncertainty and unknowns for the grieving family members, since the deceased person has already documented … [Read more...] about Robin Williams’ Estate Plan

Colleen Sinclair Prosser with Founding Partners of the American Academy of Estate Planning Attorneys

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This year marks the 20th Anniversary of the American Academy of Estate Planning Attorneys.  Pictured from left to right is Robert Armstrong, J.D., President, Attorney Colleen Sinclair Prosser and Sanford M. Fisch, J.D., LL.M, Chief Financial Officer. … [Read more...] about Colleen Sinclair Prosser with Founding Partners of the American Academy of Estate Planning Attorneys

Do You Need a Revocable or Irrevocable Estate Plan?

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   When considering your options for estate planning, you will need to consider whether your estate plan should revocable or irrevocable?  A revocable estate plan can be changed, amended, you can add to it, or you can take away from it.  An irrevocable estate plan, in most instances, cannot be changed or amended.  Why choose one type of plan over the other?  Revocable estate planning allows … [Read more...] about Do You Need a Revocable or Irrevocable Estate Plan?