Estate planning in Maryland is essential for making sure that one's assets end up in the hands of the proper individuals when one passes. The process of creating an estate plan, however, can understandably be confusing and overwhelming. This is particularly true for...
Month: October 2015
A trust has multiple uses as a a part of an estate plan
On Behalf of The Law Office of Morrison & McGrew, P.A. | Oct 23, 2015 | Trusts
Estate planning is critical for ensuring that one's assets will end up in the right hands after one dies. A trust is one tool commonly used as part of a comprehensive estate plan. The following few tips may help people to take full advantage of a trust in...
Estate plan can help in varying family situations
On Behalf of The Law Office of Morrison & McGrew, P.A. | Oct 13, 2015 | Wills
Estate plans that are well thought out can help people in Maryland protect their assets in the event of their deaths. This is because an estate plan can effectively transfer people's estates after death to their chosen beneficiaries through wills or trusts. A few tips...
Durable power of attorney offers valuable benefits
On Behalf of The Law Office of Morrison & McGrew, P.A. | Oct 8, 2015 | Power Of Attorney
A power of attorney is an essential part of any estate plan in Maryland. It enables a designated entity or person to act on another person's behalf in the event the other person becomes incapacitated. The power of attorney document specifically gives the designated...
Will and trust are important parts of an estate plan
On Behalf of The Law Office of Morrison & McGrew, P.A. | Oct 2, 2015 | Wills
A person in Maryland who has assets that he or she would like to leave to loved ones officially has an estate. However, with no estate plan, the state will end up choosing the person's heir, who may not be the person he or she might have intended. This is why estate...
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