When reviewing assets with clients, we often find that they have jointly titled accounts. This is very typical for spouses. But sometimes, clients will have a joint account with someone other than their spouse, such as an adult child. What should you be thinking about when you open a joint account with someone, or add someone’s name to your existing account? There are some benefits … [Read more...] about The Titling of Joint Accounts with Non-Spouses
How to Avoid Probate for Real Estate
"How to Avoid Probate for Real Estate" by Attorney Laura Curry (Audio) For many people, their home is one of their largest assets and also the most difficult to convey to a beneficiary without it going through the court probate process at the time of your death. The two main ways to have your house avoid going through probate is having it titled in the name of your living trust or a life estate … [Read more...] about How to Avoid Probate for Real Estate
Is Formal Probate Required?
"Is Formal Probate Required?" by Attorney Beth Burgee (Audio) If you are in charge of administering a decedent’s estate, either because you were appointed in a Will or because you volunteered, you have an important job ahead of you. One of your first responsibilities as part of that job is to determine if the estate must go through formal probate or if an alternative for small estates is … [Read more...] about Is Formal Probate Required?
Can My Estate Avoid Probate?
A comprehensive estate plan can accomplish a wide range of inter-related goals. Making sure that loved ones are protected and financially secure after you are gone may be one of your estate planning goals. If so, you may also want to include probate avoidance as a goal to ensure that your loved ones actually receive the assets you left the in a timely manner. To help get you started, an Annapolis … [Read more...] about Can My Estate Avoid Probate?
Top Ways to Avoid Probate
Top Ways to Avoid Probate by Attorney Jon J. Gasior (Audio) A comprehensive estate plan should accomplish much more than just creating a road map for the distribution of your estate assets after you have passed away. In fact, a well thought out estate plan often includes numerous inter-related goals and objectives. Among the most common of those additional goals is probate avoidance. If … [Read more...] about Top Ways to Avoid Probate
Avoiding the Probate Process?
Sinclair Prosser"How to Avoid the Probate Process" by Attorney Victor A. Lembo In going through the probate process, personal representatives have important responsibilities in winding up the affairs of a deceased person's estate. Sinclair Prosser Gasior can offer assistance with all aspects of going through probate, from complying with various tax laws, to transferring property to new legal … [Read more...] about Avoiding the Probate Process?
What is Probate and Why Should it be Avoided?
"What is Probate and Why Should it be Avoided?" by Attorney Jon J. Gasior As you begin exploring all of your estate planning options, one aspect of your planning you may have encountered is the concept of probate and probate avoidance. So what is probate? A simple definition is what probate is the court supervised process of transferring title of assets upon death. Take this as example. Let’s … [Read more...] about What is Probate and Why Should it be Avoided?
How the Maryland Probate Process Can Affect Your Family
The Maryland probate process takes place through the Register of Wills and Orphan's Court when someone has died with property in the state. However, probate may be avoidable if one chooses to work with an estate planning lawyer to structure ownership of assets and facilitate the transfer of those assets outside of probate. There are many reasons why it makes sense to arrange for your asset to … [Read more...] about How the Maryland Probate Process Can Affect Your Family
Free Estate Planning Seminars Next Week! Register now!
The estate planning seminars establishes the necessary components of an effective estate plan. The seminar is presented in a case study format profiling the life of Bill and Mary Jones. Several scenarios are used to relay the impact of estate planning issues relating to probate, disability due to incompetence, protection of government benefits for special needs loved ones, second marriages, … [Read more...] about Free Estate Planning Seminars Next Week! Register now!
A Life Estate Deed Can Be an Important Tool in Medicaid Planning
A particular type of Life Estate Deed can be an important tool in estate planning and Medicaid eligibility. The titling of property is a large component of your estate planning which should be discussed when meeting with an attorney. Often, your primary home is the first to be examined. How do you currently hold title to your house? There are a number of different ways to hold title to your … [Read more...] about A Life Estate Deed Can Be an Important Tool in Medicaid Planning
