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Category Archives: Estate Planning

EstPlan_8.15.19

A Marital Trust Allows You to Financially Protect Your Spouse Tax Free

By Frame & Frame, LLC |

A marital trust enables you, the grantor of the trust, to set aside assets and property for your spouse if you die before he or she does. These assets can include stocks, bonds, mutual fund accounts, bank accounts, real property, and more. A marital trust also allows you to pass these assets over to… Read More »

EstPlan_7.31.19

There is a Push to Update Funeral Home Pricing

By Frame & Frame, LLC |

Are funeral home prices rising? It’s difficult to answer this question because funeral homes do not publish their prices online or anywhere else. That may change soon, as federal regulators are scheduled to look into the rule that governs how funeral homes publically share pricing information, according to the New York Times. Many consumer… Read More »

EstPlan_6.30.19

The Dangers of Do-It-Yourself Wills

By Frame & Frame, LLC |

Creating a will by yourself or preparing estate planning documents without the advice of an attorney create a big risk. Online estate planning services are a popular choice for some people who believe they can save time and money by doing it themselves. While there may seem to be benefits by using an online… Read More »

EstP_6.15.19

Creating a Will or Power of Attorney That Addresses How Your Social Media Accounts Are Handled After You’ve Passed On

By Frame & Frame, LLC |

Social media is an important part of many lives these days. Of people who use the internet, 83 percent of women and 75 percent of men use Facebook, according to Omnicore. Most seniors who use the internet are also on Facebook, which can be a great way to stay in touch with family and… Read More »

YoungCouple

Estate Planning for Young People

By Frame & Frame, LLC |

Chances are that most people do not start thinking about estate planning until they are in their 40s and 50s. After all, by the age of 50, the average American has acquired or is close to acquiring his or her maximum net wealth and is reaching an age when medical issues are starting to… Read More »

EstPlan6

Estate Planning for Snowbirds

By Frame & Frame, LLC |

As retirement approaches, your mind may start wandering off to a warm beach, an isolated lake surrounded by wilderness, or downsizing to a small condominium and moving to be close to your children. The majority of people who reach the age of 61 say that they feel free to choose where they want to… Read More »

EstPlan7

What if You And Your Child’s Other Parent Both Die?

By Frame & Frame, LLC |

A Prince George’s County, Maryland, couple was killed by the driver of an SUV, who impatiently crossed the center yellow divider to pass two vehicles, then returned to the proper lane when it struck the couple’s car. The 31-year-old mother and 34-year-old-father left behind three young children. They were running an errand for some… Read More »

EstatePlanning2

Fiduciary Duties: Buying and Selling Stock

By Frame & Frame, LLC |

According to Forbes, one of the most common mistakes made during estate administration is failing to buy or sell securities during a good market (bull market) or bad market (bear market). For estate administrators who do not have experience in the stock market, this duty can be particularly challenging. However, it is the estate… Read More »

TPlanning

Estate Planning for Minimizing Gift Taxation

By Frame & Frame, LLC |

Leaving behind money to your family, friends and other loved ones is a satisfying option for those with property to leave behind when they pass. However, for those with considerable assets, your property may be taxed heavily by the federal government if you do not take the appropriate estate planning steps to avoid excessive… Read More »

ElderLaw2

Estate Planning as Part of a Long-Term Care Plan

By Frame & Frame, LLC |

As our older loved ones age, the truth is that they eventually may require long-term care assistance, such as living in a nursing home or assisted living facility. But how does this get paid for, let alone arranged? Estate planning is part of a successful long-term care plan in that it helps senior citizens… Read More »

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