Tag: estate planning

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 their… Continued

Generational wealth planning is a multifaceted and forward-thinking approach to financial management that transcends individual lifetimes. It aims to preserve wealth and assets while passing them down through multiple generations. Beyond the financial aspects, it involves instilling values, financial literacy, and responsible stewardship of resources. In this article, we will delve into the concept of… Continued

A basic estate plan provides essential legal documents for your family in the event of your incapacitation, sudden illness, or even death. It is crucial to have an estate plan in place to protect your family and your assets. Your estate includes everything you own. Therefore, it is a good idea to plan for what… Continued

In the realm of estate planning and passing on one’s legacy, there exists a unique and profound tradition known as legacy letters or ethical wills. Unlike legal documents that distribute assets, these heartfelt letters are designed to pass down a different kind of wealth—the wealth of wisdom, life lessons, and personal stories. In this article,… Continued

The holiday season is a time of togetherness and reflection, making it an ideal opportunity to broach important topics like estate planning, wills, and creating a lasting legacy. These discussions not only ensure that your family’s financial future is secure but also foster understanding, strengthen bonds, and preserve cherished memories. In this article, we will… Continued

Most young adults are rushed for time. Between college or 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… Continued

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 an… Continued

Estate planning ensures who will care for any younger children and that they will have access to whatever financial resources are available. A trust is effective as soon as it is created, which allows for a trustee to manage your affairs before and after death. For families who have accrued substantial wealth, having a trust in… Continued

Tara Frame Shares Expertise on Crisis Business Planning The February Issue of I95 Business, Preparing the Next Generation, features Tara Frame of Frame & Frame Attorneys at Law sharing her expertise in crisis business planning. Believe it or not, estate planning should be an early decision in your business plan. I95 Business features top industry… Continued

Does your estate plan protect assets from long-term care costs? Does it include a strategy for long-term care?  Many people think that if they’ve done an estate plan, they have covered long-term care or Medicaid planning issues.  Nothing could be further from the truth. Medicaid planning is not estate planning and you’ll need an Elder… Continued