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Category Archives: Estate Planning

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 »

EstPlan_11.6.19

If My Loved One Has a Will, Do I Have to go Through Probate?

By Frame & Frame, LLC |

According to Investopedia, “Probate is a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.”  Before any assets can be distributed to beneficiaries, the executor… Read More »

EstPlan_9.30.19

Adult Children Should Ask Their Parents About Their Financial Plans

By Frame & Frame, LLC |

It can feel strange for an adult child to ask their parents about their financial plans, but it is a conversation that not enough children broach. Eventually, you’re the finances of your parents will affect your own, especially if they have not created or updated their estate plan. Do they have a will? Have… Read More »

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 It’s difficult to answer this question because funeral homes do not publish their prices online or anywhere else.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 »

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