You Need to Be Prepared to Discuss Estate Planning with Your Family Members

By |2020-04-21T16:01:38+00:00April 21st, 2020|Estate Plannning|

It's hard enough to come to your own conclusions about what you want your estate plan to look like, which means that you've probably put off having a conversation about it with your family members too. But talking about estate planning is important for your sake and for your heirs. Some of the benefits of

We’re Giving 10% of New Estate Planning Fees to the Baltimore Washington Medical Center Foundation

By |2020-04-13T13:19:18+00:00April 15th, 2020|Estate Plannning|

Giving back to the community is important to everyone at Chesapeake Wills and Trusts. That’s why we’re donating 10% of the fee we receive from every new estate planning client who retains us through June 3 to the Baltimore Washington Medical Center (BWMC) Foundation. The BWMC Foundation is currently overseeing and coordinating all COVID-19 related

How the CARES Act Will Impact Required Minimum Distributions, Retirement Planning, and Estate Planning

By |2020-04-13T12:59:20+00:00April 14th, 2020|Estate Plannning|

We wanted to bring you some important updates about your retirement accounts and how you might be able to utilize these new developments in your long-term financial and estate planning. Required Minimum Distributions in 2020: If you were expecting to have to take a required minimum distribution in 2020 because of your age or because

What Kinds of Questions Will an Estate Planning Attorney Ask During My Initial Meeting?

By |2020-02-25T17:30:10+00:00February 25th, 2020|Estate Plannning|

Sitting down with a Maryland estate planning lawyer causes many people to feel anxious. It is difficult to broach the subject of planning ahead for your own future or what will happen to your assets after you pass away. But every estate planner is simply helping you to articulate your plans for the future both

Understanding Advanced Healthcare Directives After a Cancer Diagnosis

By |2020-02-25T17:29:23+00:00February 11th, 2020|Advanced Healthcare Directives, Estate Plannning|

Realizing that you’ve just been diagnosed with a serious medical condition can be an overwhelming prospect. There are many things to think about when it comes to protecting yourself and your family during this challenging time. Don’t neglect the opportunity to create important documents that will help enable decision-making if you become unable to manage

Did You Fund Your Trust Properly?

By |2020-02-25T17:28:43+00:00January 28th, 2020|Estate Plannning, Trusts|

The establishment of a revocable living trust in Maryland is an important first step in protecting the interests of you your family and ensuring that your assets are as protected as possible. However, there is a common misunderstanding that creating a revocable living trust governs all of the assets an individual owns. After the Maryland

What Are Maryland Trustees Governed By?

By |2020-01-14T16:17:52+00:00January 14th, 2020|Estate Plannning, Trustee|

Trustees in Maryland have specific responsibilities and duties when it comes to the administration of a trust. The Maryland Trust Act became effective in 2015. This law contains important provisions in relation to the rights of creditors to attach trust property, determining validity of a trust, the role of a trustee, and the trustee’s responsibility