When considering how to plan for the distribution of one’s assets and property after death, there are two primary options in Maryland: a last will and testament and a living trust. Each method has distinct characteristics and implications that individuals should be aware of when making their estate planning decisions. Last Will and Testament: A […]
Understanding Last Wills and Testaments vs. Living Trusts Read More »
Article by Cynthia Black Svenson and Kevin Bernys The authors’ more extensive article on Kennedy v. Plan Administrator for DuPont Savings and Investment Plan was published as a feature story in Michigan Lawyer’s Weekly on October 26, 2009. A recent U.S. Supreme Court decision illustrates the importance of regularly reviewing and updating beneficiary designations. Last
U.S. Supreme Court decision highlights importance of updating beneficiary designations Read More »
You would not step off a cliff, unless you were sure of how far the drop to the bottom was. However, individuals do this every day with do-it-yourself estate planning gimmicks, which is similar to taking a leap of faith, not knowing whether or not a net will appear. The DIY approach is wonderful for many things. But DIY
Risks of DIY Estate Planning: Making A Leap of Faith Without a Net Read More »
One often misunderstood yet valuable estate planning tool found in legal documents is the power of appointment. It should not be confused with a power of attorney, which delegates certain powers to an agent while the individual is alive. The power of appointment, when used wisely, can provide significant flexibility in an otherwise irrevocable estate
Understanding the Power of Appointment in Estate Planning Read More »
