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What Role Does an Executor Play in Maryland Probate Proceedings?

By |2020-08-24T12:56:09+00:00August 13th, 2020|Estate Plannning, Executor, Probate|

In Maryland, as in many other states, probate refers to the legal proceedings that are initiated to administer a deceased individual's estate. You could have been named as executor or personal representative of the estate through the decedent's last will and testament. In the event that the deceased party passed away without this important document,

What Happens When a Will and a Revocable Trust Conflict?

By |2020-07-06T12:37:06+00:00July 30th, 2020|Estate Plannning, Revocable Living Trust, Revocable Trust|

Having all of your estate planning documents on the same page is one important step towards ensuring a smooth transfer of your assets during your life if needed and after you pass away. A trust and a will are distinct legal documents that might share a common goal of accomplishing your comprehensive estate plan. A

What Happens If There Is a Conflict Over My Trust?

By |2020-07-06T12:35:33+00:00July 16th, 2020|Estate Plannning, Trusts|

When you plan to create a trust in Maryland, your main concerns are that the trust serves a bigger estate planning purpose and that it protects your loved ones from unnecessary conflict or issues. The creation of a trust means that you have taken an important step in protecting your assets and ensuring the smooth

How Can You Protect Assets Inside A Trust from A Spendthrift?

By |2020-06-16T17:46:26+00:00June 16th, 2020|Assets, Trusts|

Do you have an adult child you’d like to transfer assets to, but you’re concerned about their ability to handle it properly? You’re not alone. This problem is often referred to as “the spendthrift issue” and thankfully, there are estate planning tools available to help you protect a loved one from themselves. Unfortunately, your best

Talk to Your Family Members About Your Estate Planning Intentions

By |2020-05-13T18:09:32+00:00May 5th, 2020|Estate Plannning|

You might not want to think about what your own estate plan entails, which means you could put off having a good conversation with your loved ones about it. It’s very nerve-wracking when no one your family, including your elderly parents, will discuss their estate plan. All too often, this ends up creating uncertainty and

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