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Estate Planning › Adult Children › Beneficiaries

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +
Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process.  less -
Morgan Lewis

Estate Planning: Considerations for Young Adult Children

Morgan Lewis on

While they may still be under the care of their parents, college-aged or other young adult children should have certain legal documents in place in case of emergency or incapacitation, as well as to ensure prudent management...more

Rosenberg Martin Greenberg LLP

Maryland Court of Appeals: Change of Beneficiary of Insurance Policy Is “Conveyance” Under Uniform Fraudulent Conveyance Act

Rosenberg Martin Greenberg LLP on

In a March 9, 2021 opinion, the Maryland Court of Appeals signaled the end of what it termed “an elaborate web of procedural history” by answering two questions certified to it by the United States District Court for the...more

Ward and Smith, P.A.

Happy 18th Birthday! Your College-Aged Child is an Adult. Now What?

Ward and Smith, P.A. on

Believe it or not, as of your child's 18th birthday, your child is an "adult" in the eyes of the law. With colleges and many businesses shut down due to COVID-19, your adult child might be living back under your roof and...more

Chambliss, Bahner & Stophel, P.C.

Do You Have the Right Fiduciary?

Chambliss, Bahner & Stophel, P.C. on

A fiduciary is a fancy legal term for the person who will take care of your property for you if you are unable to do it yourself, such as the executor of an estate, the trustee of a trust, or an attorney-in-fact under a power...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - August/September 2019: Protect your will from legal challenges

Adler Pollock & Sheehan P.C. on

To avoid family disputes over a will after one’s death, it’s worth taking the time now to institute steps to protect the will from legal challenges. This article details four specific steps for bulletproofing a will. A...more

Cranfill Sumner LLP

Top 5 Reasons that Seniors Should Avoid Sharing a Joint Bank Account with an Adult Child

Cranfill Sumner LLP on

As seniors age, many seniors believe that they should add an adult child to their bank account. Purely for ease and convenience, a jointly owned bank account would be a good way for an adult child to monitor a senior’s...more

Farrell Fritz, P.C.

Should You Create Trusts for Your Kids?

Farrell Fritz, P.C. on

If your children are under age eighteen, you should have trusts for them in your Wills, in the event you and your spouse should die before all your children reach age 18. If minors receive assets prior to reaching age...more

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