Call now for a no-charge, no-obligation case evaluation.
410-713-4465

Estate Planning Archives

Explaining the 'poor man's trust'

Putting together an estate plan is the best way to protect yourself, your heirs and your assets upon your death. When you create an estate plan, you are putting into writing how you want your assets distributed after you are gone. You also outline who will raise your children should you pass away before they turn 18. All of these items are important to live a stress-free life.

What should you consider when choosing an executor?

One of the most important decisions you'll make when developing your estate plan is deciding who will be your executor. Generally, people choose their spouse, an adult child or sibling for this position. However, it can be just about anyone you feel will be willing and able to carry out the responsibilities.

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.

Contact Us To Discuss Your Options

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Get In Touch

Salisbury Office
208 Calvert Street
P.O. Box 33
Salisbury, MD 21801

Toll Free: 866-242-3785
Phone: 410-713-4465
Salisbury Law Office Map

Ocean City Office
9307 Chesapeake Drive
Unit D5904
Ocean City, MD 21842

Map & Directions

  • We offer free consultations for criminal cases, And we accept multiple payment methods, including MasterCard, Visa and Discover.
  • Spanish-language translation services are available / Servicios del intérprete disponibles.