People in Maryland often think that drafting a simple will is adequate for the purposes of estate planning. This idea is based on the thinking that as long as a person has some kind of will, the individual has completed his or her estate plan. However, wills are just...
Month: February 2016
Estate plan mistakes can affect transfer of family wealth
On Behalf of The Law Office of Morrison & McGrew, P.A. | Feb 18, 2016 | Wills
The process of creating an estate plan may naturally be unappealing to individuals in Maryland since it forces them to discuss the prospect of death. However, not creating an estate plan may mean that one's assets will not be protected in the event of one's passing....
Trust offers multiple benefits as part of Maryland estate plan
On Behalf of The Law Office of Morrison & McGrew, P.A. | Feb 11, 2016 | Trusts
Many Maryland residents prefer not to talk about topics related to death, which is why estate planning is often not a popular task. However, common sense dictates that one's assets be protected in the event of one's death in the future. A trust is one item that many...
Updating estate plan continually is essential
On Behalf of The Law Office of Morrison & McGrew, P.A. | Feb 4, 2016 | Wills
Creating a well-thought-out estate plan in Maryland plays an essential role in making sure that one's assets end up in the right hands when one dies. However, simply creating a plan is not enough. It is also important to continually update an estate plan.A few...
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