The Law Offices of Scott Alan Morrison, P.A.
Frederick
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301-694-6262
Hagerstown
Location
301-293-0010

Posts tagged "estate plan"

Should a living will be part of your estate plan?

It is never easy to plan for the future, especially when it pertains to your own health care and potential medical problems you could face as you move through life. However, having a good, thoughtful estate plan in place can eliminate some of the stress regarding these sensitive matters.

Estate planning is for young Maryland residents too

When you're young and carefree, probably the last thing on your mind is planning for the future. However, life is unpredictable. There may be challenges even when you're young. No one wants to think about the "what ifs," but planning for those maybes may save you and your family members a lot of grief should the unthinkable happen.

Going through divorce? It's time to revisit your estate plan.

If you are getting divorced or the ink has just dried on your divorce agreements, it's time you thought about your estate planning documents. Oftentimes, people forget to think about their will, trusts or other estate planning instruments because they are so caught up in their divorce proceedings.

Video: The Estate Planning Process

Estate planning doesn't have to be like the movies, where an individual on his or her deathbed might scratch out final wishes on a scrap of paper. Yet a surprising number of Americans continue to pass without having an estate plan in place.

President's proposal would change estate administration rules

When the President of the United States makes a speech, many people tend to listen. Many of those in Maryland interested in planning for estate administration may have paid closer attention to his recent State of the Union Address. The President's proposed plan may make it more difficult for many looking to create an estate plan.

Roth IRA may or may not be best option in estate administration

There are many types of estate planning tools available for consumers. However, the best options for estate administration plans depend upon a Maryland resident's individual circumstances. These types of considerations can be essential in attempting to decide whether to utilize a Roth IRA or a traditional IRA when planning an estate.

Estate administration plans may need re-examining for 2015

With the beginning of the new year, many people will be looking to make important changes to their lives. One of the most common goals for the new year will be to update one's estate administration plans in Maryland and elsewhere. It may be a good idea to do it this year, since estate tax exemptions have just changed based upon inflation.

Psychological state plays role in probate court decision

One's state of mind is important when making legally binding decisions. Not only is this important for the person making the decisions, but also it is essential in determining if a person's will is to be considered legally binding in probate court in Maryland or any other state. This turned out to be essential in an out-of-state probate case which began in 2012.

End of year is good time to start estate administration plans

The holidays are a time for rejoicing and happiness for most families. However, the holidays are also a time for tying up loose ends in order to prepare for the coming new year in Maryland or any other state. Although thoughts about one's own death do not exactly bring holiday cheer, planning for estate administration is something that should not be ignored. If one has not done so already, creating an estate plan should be on one's list of New Year's resolutions.

  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
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