"What Happens If You Don't Have a Power of Attorney?" by Attorney Nicole Livingston (Audio) An qualified estate planning attorney can help you to create a legally valid power of attorney as part of a comprehensive incapacity plan. Making a power of attorney is important to protect yourself in case you develop a serious illness or suffer an emergency injury and you are not able to make your own … [Read more...] about What Happens if You Don’t Have a Power of Attorney?
Estate planning attorneys help you to make sure your family members are provided for and cared for even if something happens to you and you are not there to be able to provide care yourself. When you make your estate plan, you don't want to forget your animal family members. If you have dogs, cats, any other domestic pets, or any animals who depend upon you, you need to consider what will happen … [Read more...] about How to Make a Plan to Protect Your Pets
"Estate Planing for Maryland Motor Vehicles" by Attorney Nicole Livingston One of the most frequent questions received during seminars and consultations is how should I title my Maryland motor vehicle. There are different options for you to consider. If the vehicle is titled in your name alone, then upon your death, the vehicle must go through the probate process for your executor to … [Read more...] about Estate Planning for Maryland Motor Vehicles
"Estate Planning Basics: Powers of Appointment Part 2" by Attorney Nicole Livingston This blog will examine how powers of appointment they can impact taxation. From a gift and estate tax perspective, there are two kinds of powers of appointment, a limited power of appointment (or “LPOA”), and a general power of appointment (or “GPOA”). They can cause dramatically different gift and estate … [Read more...] about Powers of Appointment Part 2
"Privacy and Estate Planning" by Attorney Nicole Livingston (Audio) Privacy is important, especially in today’s world. Learn how estate planning can enhance or reduce your privacy. From the dawn of time, humans have been concerned with privacy. In the biblical story of Adam and Eve, the couple sought the privacy provided by fig leaves as they left the Garden of Eden. When species Homo … [Read more...] about Basics of Estate Planning: Privacy and Estate Planning
"What Services Do Estate Planning Attorneys Provide?" by Attorney Nicole Livingston (Audio) Estate planning lawyers can provide help to people of all ages who want to ensure they have taken steps to protect themselves, their assets, and their loved ones. You are never too young or too old to make an estate plan and making your plans can go far beyond the simple creation of a last will and … [Read more...] about What Services Do Estate Planning Lawyers Provide?
"What are the Most Important Estate Planning Tools to Use?" by Attorney Nicole Livingston (Audio) An estate planning attorney can assist you in identifying the estate planning tools that are most important for you to incorporate into your plan. There are lots of different tools that can help you to be prepared for the future. The right ones will depend upon your assets, your family situation, … [Read more...] about What are the Most Important Estate Planning Tools to Use?
"Two Common Mistakes with Trusts" by Attorney Nicole Livingston (Audio) Trusts are incredibly useful tools. But, like other useful tools, they do not fit every circumstance. They must be used appropriately. For example, a hammer is an exceptional tool to use when looking to drive a nail into a wall. But, if you hit the nail with a glancing blow, the nail will bend and you’ll end up with a … [Read more...] about Two Common Mistakes with Trusts
"Powers of Appointment - Part 1" by Attorney Nicole Livingston (Audio) Trusts have many potential benefits. One of those benefits is that they can be very flexible. One way to increase the flexibility of a trust is by including powers of appointment. A power of appointment is giving someone the ability to direct the assets of the trust. There are four different ways a power of appointment … [Read more...] about Powers of Appointment – Part 1
"Important to Coordinate Beneficiary Designations in Estate Planning" by Attorney Nicole Livingston (Audio) Perhaps the most common mistake in estate planning is a lack of coordination. This is not where the client, attorney, or advisor cannot walk and chew gum at the same time. This is a failure to consider all the different aspects of a plan and how they may (or may not) work together. An … [Read more...] about Important to Coordinate Beneficiary Designations in Estate Planning