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Estate Planning Archives

Make your final wishes known outside of your estate plan

When a loved one dies, it always eases the burden on surviving family members if they know how that person wanted to be celebrated (or not) and how they wanted their body to be handled. It's also helpful if that person set aside enough money for the funeral, burial, cremation, memorial or other events.

Incentive trusts can help protect your children from themselves

When you're developing your estate plan, you likely want your children to inherit some of the assets that you've worked so hard to accumulate or that have been passed down to you from previous generations to care for. However, what if you don't believe that one or more of your children, even as adults, will handle a generous inheritance wisely or they're too young for you to know how they'll turn out as adults?

Why your kids might not want things you intend to leave them

As baby boomers enter their senior years and prepare their wills, they often give great thought to which of their children will inherit their Gorham sterling silver place settings, Royal Doulton dinnerware, Ethan Allen furniture and porcelain statues -- not to mention the jewelry, memorabilia, record albums and heirlooms that you've always assumed you'd pass on to your children.

What happens when you die without a will in Maryland?

Many people put off putting an estate plan in place or even a simple will. They figure that they're too young, that they don't have enough assets to bother or that their family will take care of everything if you should pass away "intestate" -- without a will.

Considerations when setting up a special needs trust

Estate planning is important for everyone who wants to ensure that their wishes are carried out after they die or if they become incapacitated. However, if you are the parent or guardian of someone with special needs, it's particularly crucial to make sure that your loved one is taken care of when you're no longer able to do so.

What new parents need to include in their estate plans

Many younger adults never consider having an estate plan until they have children. If you and your spouse are thinking of working with a Maryland estate planning attorney to get your plans in place before the birth of your first child, there are a couple of key issues to think about.

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