New Services from Estate Planning Law Firms

August 21, 2010

In this post, let’s discuss some new ways that some estate planning firms are adjusting their practices to answer some of the main complaints people have about lawyers, including high fees, accessibility, convenience, etc.  These efforts to bridge the gap with clients in need of their services is an excellent step towards building and maintaining…

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Disinheritance – The Legacy of Aunt Bernice

August 20, 2010

Once upon a time, a young boy was at his home enduring a boring party thrown by his parents. He decided to go into another room and watch television on the family’s new set. While he enjoyed his programming, some of the partygoers joined him in the room. Suddenly, his Aunt Bernice walked up to…

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Tenancy by the Entirety — Ownership Between Spouses

August 19, 2010

Today, we discuss tenancy by the entirety ownership in Virginia and Maryland. The discussion is obviously not an exhaustive restatement of the law upon which you can strictly rely, but is intended only as a broad summary.  Read more...

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Making a Will May Not Work

August 17, 2010

You have done your job.  You have saved in your retirement plan.  You have life insurance.  You own your house jointly with your spouse.  You have a “payable on death” clause in your bank account directing it to your kids.  Surprisingly, if your assets are set up this way, then your will may have very…

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“Do I Need a Lawyer to Draft a Will?”

August 16, 2010

OK, you have our attention. There is now growing debate as to whether or not people can draft their own wills without a lawyer.  What good are we anyway?  You can’t afford us.  You don’t trust us.  We’re inconvenient and inefficient.  You don’t like hourly rates.  You don’t want to risk your dollars on potential…

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Distrust as a Distraction to Planning (Part II)

August 14, 2010

Last week, we discussed how our skepticism for institutions and each other can deter us from moving forward with estate planning.  This was exemplified by a Washington Post story describing a life insurance company earning more in interest than they were paying out to a family suffering the loss of their military son in action. …

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Powers of Attorney and Advance Medical Directives

August 13, 2010

In addition to drafting a will or trust, it is also essential to plan for any time when you would be unable to make decisions for yourself.  This can be done through either documenting your wishes in advance or to delegate your decision-making to another trusted individual.  The primary instruments used today to accomplish these…

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