There are several documents that may be included in your estate plan. Many people choose to include a medical power of attorney (POA) to assign a trusted person the authority to make medical decisions on their behalf if they are unable to make those decisions for...
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Estate Planning
Managing debts through estate planning
There are numerous misconceptions when it comes to creating an estate plan. Often, individuals believe that they must be old, ill or at the end of their life to create an estate plan. That is false, as creating an estate plan early in life can be very beneficial....
Creating a charitable trust
When people contribute to a charity during their lifetime, they may want to continue that support in an estate plan. A charitable trust is established to provide financial assistance to an organization or cause. This could include supporting the arts, education and...
Preparing to create an estate plan
Creating an estate plan may be something you have been thinking about for a while, but you may not know where to begin. The process of setting up an estate plan might seem so confusing or overwhelming that you keep putting it off until you are ready to tackle it. You...
Create a financial roadmap for your estate
An effective estate plan involves important legal documents such as a will, trust, and power of attorney. But your family member and heirs also need quick access to information on your accounts and where your documents are located. Estate planning, and preparing for...
What happens to my Facebook when I die?
Unless you are a Facebook power user, you may not think about Facebook very often, but chances are, you look at it a few times a day. In fact, if you actually tracked your usage, you may find that you use Facebook much more often than you would care to admit to anyone...
Picking the right trustee is important
When you estate plan, you have to make many, many decisions. You have to decide how your estate is divided, which heir gets family heirlooms, how assets will be distributed, how to minimize taxes, etc. Simply put, it is a lot. And, often, we lean on our family and...
When you have kids, you need to name a guardian
For new parents, this is an exciting time. Getting to know your new baby and learning how to be a new parent is simultaneously exciting, daunting and scary. If you have not already updated your estate plan to include your new baby, you need to do it as soon as...
Requirements for a will in Maryland
If you are just starting the estate planning process, you may want to start with creating a will. The main purpose of a will is to specify how your assets will be distributed after your death, but it can be used for other purposes as well. As you create your will, you...
Do I really need to plan for a coma?
If you do not have an estate plan yet, you are definitely not alone. Indeed, according to a survey last year by Caring.com, only about a third of us even have a will. Nonetheless, the fact is, you will die one day, and if you have anyone that will be left behind, you...