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Category Archives: Estate Planning

POA

Why Powers of Attorney are Necessary in a Crisis

By Frame & Frame, LLC |

In a crisis situation, such as COVID-19, what happens if you or your family member is suddenly incapacitated and unable to take care of routine affairs?  Who will continue to pay your health care premiums, the mortgage, or other important expenses?  If you own a business, who will work with your bank or payroll… Read More »

4.2.20

Five Myths About Living Trusts

By Frame & Frame, LLC |

There is a lot of mis-information circulating about estate planning, which is understandable given how complicated this area of law really is. Living trusts, for example, are one of the most commonly misunderstood aspects of estate planning, but this should not stop you from creating one, if that is what is in your best… Read More »

Estate Planning

Five Common Estate Planning Mistakes

By Frame & Frame, LLC |

Estate planning is more complex than most people assume. Making a mistake during estate planning can drastically set you and your loved ones back, making it impossible to retire like you planned, or leaving your adult children with an unclear understanding of your inheritance wishes. These errors can be avoided by working closely with… Read More »

LGBT

Why Estate Planning is Critical for Those in The LGBTQ Community

By Frame & Frame, LLC |

Everyone needs an estate plan regardless of age, marital status, economic bracket, sexual orientation, or gender identity. Everyone in Maryland benefits by having a will, various trusts that are relevant to their specific needs, and a professional probate administrator to assist the executor of their will. However, there are a number of particular scenarios… Read More »

Women_EstPl

What Women Need to Know About Estate Planning

By Frame & Frame, LLC |

Whether you are single, married, or living with a long-term partner, estate planning is a very important process for women.  With many more women serving as breadwinners for their household, getting divorced, or living with a long-term partner, it is more important than ever for women to be informed and educated regarding the ins… Read More »

EstatePlanning3

The Three Most Common Estate Planning Mistakes to Avoid

By Frame & Frame, LLC |

The majority of Americans are vastly unprepared when it comes to their estate plan and sadly, many more think that an estate plan is only for wealthy people. In fact, over half of Americans do not even have an estate plan in place, whether that is a simple will, a trust, or more, according… Read More »

AgedBusinessWoman

A Comprehensive Guide to Wills, Trusts, and Probate

By Frame & Frame, LLC |

Every person, no matter your age, should have a will or trust to ensure that your assets and property are handed down as you see fit. Without a will or a trust, the state of Maryland may end up distributing your assets according to the law versus according to your wishes.. Many people believe… Read More »

EstPlan13

The New Maryland Spousal Effect Law – Changes You Need to Consider

By Frame & Frame, LLC |

A new law (Senate Bill 192/House Bill B99) also known as an Augmented Estate Law, was signed into law by Governor Hogan, and takes effect October 1st, 2020.  This new law will likely have a profound impact on the finances of certain married couples, especially couples who have previous children, by another marriage. While… Read More »

EstPlan_12.11.19

What is Probate and Why Should I Care?

By Frame & Frame, LLC |

What is Probate and Why Should I Care? When an individual dies, unless, they have a trust, their assets first have to pass through probate before they can be transferred to beneficiaries. Probate is the legal process of validating a person’s will and making distribution pursuant to the terms of the will. During probate,… Read More »

EstPlan_11.20.19

Why Estate Planning is Important for Young Families

By Frame & Frame, LLC |

Most young families are rushed for time. Between work, shuttling the kids between various events and appointments, and weekend family outings, there isn’t a lot of extra time left over by the end of the week.  But, what would happen to your children or your spouse, if something unexpected happened to you? It’s not… Read More »

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