by Greg Jimeno | Feb 6, 2024 | Power of Attorney
Going through the legal landscape of estate planning can often feel like a complex journey. At Chesapeake Wills and Trusts, we’re here to guide you through every step, making the process as straightforward and stress-free as possible. Today, let’s talk...
by Greg Jimeno | Jan 5, 2024 | Estate Planning
Life is full of unexpected twists and turns. Whether you’re experiencing a joyful event like a new addition to the family or facing challenges such as a divorce, it’s natural to wonder if and how these changes affect your estate plan. At Chesapeake Wills...
by Greg Jimeno | Dec 5, 2023 | News
When you pass away without a will in Maryland, you are said to have died “intestate.” Dying intestate means the state of Maryland determines how your assets are distributed based on its intestacy laws. It’s a one-size-fits-all approach, and...
by Greg Jimeno | Dec 2, 2023 | News
One of the most vital decisions you’ll make during the estate planning process is selecting a Personal Representative for your will or a trustee for your trust. These roles carry immense responsibility and ensure your wishes are carried out accurately and...
by Greg Jimeno | Nov 29, 2023 | News
When it comes to planning for the future of your assets and ensuring your loved ones are taken care of, two main tools at your disposal are wills and trusts. Although they can seem quite similar, they serve slightly different purposes and come with their distinct...
by Greg Jimeno | Nov 26, 2023 | News
Imagine for a moment you’ve just completed an intricate jigsaw puzzle. You’ve spent hours fitting pieces together, and finally, the full picture is clear. In many ways, your life is like that puzzle, an intricate blend of relationships, assets, and...
by Greg Jimeno | Jul 19, 2023 | News
At Chesapeake Wills and Trusts, we strive to empower you with comprehensive knowledge for effective estate planning. Part of this involves understanding not just what a will can do, but also what it cannot. Being aware of the limitations of a will is essential to...
by Greg Jimeno | Sep 16, 2022 | News
The general definition of power of attorney is “a written authorization that allows you to act on someone else’s behalf in all financial, medical care, property, and legal matters”. In that agreement, the person giving over their right to decision-making is referred...
by Greg Jimeno | Apr 13, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Trusts, Wills
With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate from being taxed. An irrevocable life insurance trust allows you to pass on money to your heirs while avoiding both the federal...
by Greg Jimeno | Apr 8, 2021 | Asset Protection, Elder Law, Estate Plannning, General, Irrevocable Trust, Trusts
The one-year deadline for nursing home residents on Medicaid to spend down their first round of stimulus checks is here, but they may have a little extra time. In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized $1,200...
