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Often, individuals create trusts as an important part of their estate plan. Depending on the type of trust, they offer several benefits from avoiding certain taxes and probate, to protecting assets from creditors, and other financial and privacy concerns. What is a Trust? A trust is a legal agreement in which a person, the […]
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Tom Sessa and Cheri Dorsey have over 40 years combined of experience practicing estates and trusts law. Our team has heard it all from our clients. One of the most common misconceptions we receive is that estate planning is a one-and-done type of deal. Although it is important to have an estate plan in place, […]
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Cheri Dorsey was featured on Buckingham Wealth Partners’ podcast, “Ask Buckingham,” hosted by Tim Maurer. Cheri discussed with Tim what a Will is and who should have one. To view the original post and video, please visit Buckingham Wealth Partners’ website here. The Transcript of the Podcast Episode Tim Maurer: Tim Maurer back with another episode […]
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Probate is the legal process of administering and settling a person’s estate after they pass, under the supervision of the Register of Wills and Orphans’ Court of the county where they lived. The probate process exists for three main reasons: To validate the deceased person’s Will and prevent fraud; To settle the deceased person’s debts, […]
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As some colleges prepare to reopen in the next couple of months, college students are beginning to compile their to-do lists. If your child is moving into college, you may be helping them gather all the necessary materials, like their bedding and furniture, and perhaps some paperwork they need to fill out beforehand. The question […]
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We are excited to announce that Cheri Dorsey was featured on Buckingham Wealth Partners’ podcast, “Ask Buckingham,” hosted by Tim Maurer. Cheri spoke about how COVID-19 has caused more people and their families to discuss estate planning. To view the original post and video, please visit Buckingham Wealth Partners’ website here. The Transcript of the […]
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In estate planning, we believe in planning for reasonable future uncertainties so you have the peace of mind that you and your loved ones will be protected. A Financial Power of Attorney is just one of many estate planning tools that can allow you to focus on and enjoy the present because you know you […]
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Over our lifetime, we will encounter important life changes, whether it be the birth of a child, the start or end of a marriage, or the passing of a loved one. When it comes to retirement benefits planning and life insurance policies, you must review and update your beneficiaries regularly. At the least, you should […]
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In the state of Maryland, an Advance Directive is an estate planning document that allows you to appoint another person to make medical decisions for you, should you become incapacitated and cannot communicate for yourself. It also allows you to dictate what level of treatment you would like to receive in certain serious health care […]
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On April 10, 2020, Governor Hogan signed an Executive Order for the state of Maryland allowing remote witnesses and electronic signatures for Wills, Powers of Attorney, and Advance Directives. This Executive Order is vital to finalizing estate planning documents without jeopardizing the health and safety of the signer, witnesses, and attorneys. The Executive Order will […]
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