You know that estate planning is essential for securing your future and ensuring your wishes are honored. However, the process involves more than drafting documents and making legal decisions—a crucial part of the estate planning process includes holding open and...
Probate requirements date back to ancient property laws, designed to ensure that when someone passes away, their debts get paid properly and the right people receive the assets in the deceased person’s estate. However, fulfilling all those requirements takes many...
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...
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...
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...
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...
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...
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...
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...
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...
