by Greg Jimeno | May 26, 2020 | Estate Planning, Trusts
It’s a nice thing to do to pass on assets to your grandchildren and it can be used to help reduce the size of your estate. In 2020, you can give each of your grandchildren up to $15000 under the gift tax without having to report those gifts. While you might choose to...
by Greg Jimeno | May 5, 2020 | Estate Planning
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...
by Greg Jimeno | Apr 21, 2020 | Estate Planning
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...
by Greg Jimeno | Apr 15, 2020 | Estate Planning
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....
by Greg Jimeno | Apr 14, 2020 | Estate Planning
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...
by Greg Jimeno | Mar 24, 2020 | Estate Planning
Do you have minor children? Do you have specific plans for pieces of your property that you want to pass to certain people in your family? Do you want to exclude other people from your estate? If any of these apply to you, you could benefit from a will. The most...
by Greg Jimeno | Mar 11, 2020 | Estate Planning, Trustee
The governing documents established at the creation of the trust determine what happens if the role of trustee is vacated for any reason. This includes the trustee’s decision to step out of the role, a legal conflict in which the court determines the trustee needs to...
by Greg Jimeno | Feb 11, 2020 | Advanced Healthcare Directives, Estate Planning
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...
by Greg Jimeno | Jan 28, 2020 | Estate Planning, 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...
by Greg Jimeno | Jan 14, 2020 | Estate Planning, Finances
If you created a will that gifts some assets to your children or grandchildren but haven’t taken the time to determine what’s in the best interest for you and your spouse in retirement, you’re not done planning. The loss of a spouse can be a devastating and...