by Greg Jimeno | Jul 16, 2020 | Estate Planning, 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...
by Greg Jimeno | Jul 3, 2020 | Estate Planning, Fiduciary
When you create a trust, you’re not just thinking about the property you’ll place inside of it, but who will be responsible for managing it. This person is known as the trustee and they hold an important fiduciary duty to act on behalf of the beneficiary’s best...
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....