For Maryland residents looking to complete their estate plans, finding the best tools for their needs is often a main goal. Utilizing a trust is a route that many individuals take, and this planning tool can offer many benefits. However, it is important that parties...
Month: May 2017
Lack of plan may complicate Maryland estate administration
On Behalf of The Law Office of Morrison & McGrew, P.A. | May 24, 2017 | Estate Administration & Probate
When individuals die without an estate plan, this issue can cause many complications for an estate. In some cases, there may not be any close surviving family to immediately take over the estate administration, and as a result, a court-appointed party may take on that...
New parent? You may have new needs for an estate plan
On Behalf of The Law Office of Morrison & McGrew, P.A. | May 22, 2017 | Blog
Having a child can bring a sense of joy to your life that no other event can. This new life may have you looking at the world and your life in a completely different way, and concerns you may not have had before may begin to feel important. Indeed, with your child's...
Beneficiaries, trust options may help avoid Maryland probate
On Behalf of The Law Office of Morrison & McGrew, P.A. | May 18, 2017 | Trusts
If the goal of an estate plan is to avoid probate, Maryland residents have a chance to successfully reach this goal. By utilizing the proper planning tools, individuals can allocate their assets in order to eliminate the need for probate. Two main ways that parties...
Confusion over probate may affect misinformed Maryland residents
On Behalf of The Law Office of Morrison & McGrew, P.A. | May 11, 2017 | Estate Administration & Probate
Understanding the necessary actions that surviving family or appointed executors must carry out for a deceased loved one's estate can be complicated. Confusion can also come about if the decedent did not fully understand what his or her plans actually needed in order...
Valuation may play important role in creating a will in Maryland
On Behalf of The Law Office of Morrison & McGrew, P.A. | May 4, 2017 | Wills
Maryland residents with children likely want to ensure that their kids receive a portion of their estates in the event of their deaths. Estate planning can help individuals detail their property division wishes by utilizing a will. However, dividing up assets may not...
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