What Is The Difference Between A Will And A Trust?
A Will and a Trust serve different purposes. Most people don`t have either one. A Will and a Trust are similar in the effect that both let you designate exactly how you want your assets and other …
more
What Is An Estate Tax?
The Estate Tax is a tax on the value of your property transfered to your hiers upon your death. The federal government allows every person to give away, either through lifetime gifts or upon …
more
What Are Advance Directives?
A Maryland Law called the Health Care Decisions Act says you have the right to make health care decisions in advance, through instructions called "advance directives." An advance directive can be …
more
Naming Children as Life Insurance Beneficiaries
Many people purchase life insurance to provide for their children. As the term implies, life insurance is an insurance plan that allows a parent, or other policy holder, to continue to provide financially for the beneficiaries after the parent’s death. Life insurance can provide income for the day to day support of a child and it can provide funds for long term or larger …
more
What are the advantages of purchasing an annuity for estate planning purposes?
There are several reasons that purchasing an annuity can be advantageous for estate planning purposes. Although annuities are typically invested by insurance companies in the stock market, they carry less risk because they provide periodic income for you to the rest of your life, and they provide a death benefit to your named beneficiary if you die before receiving payments from your …
more