Many of our clients living here in Maryland have out of state property. Whether that is a vacation home in Florida or Delaware, a deeded timeshare somewhere, or a property inherited from a family member, it is something you need to plan for in your estate plan. When someone passes away owning property in more than one state, and they do NOT have an estate plan in place, then there will … [Read more...] about Out of State Property and Your Estate Plan
Common Pot Trusts and their Use for Young Families
Most people are familiar with how a Will or Trust usually provides for children’s inheritance. After parents pass, things are typically divided up equally between children into separate shares. But this may end up not being “fair” or not being exactly what you intended. Instead, another way to pass on children’s inheritance is to use something called a Common Pot Trust. Basically, instead … [Read more...] about Common Pot Trusts and their Use for Young Families
