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Law Office of Rick Todd Blog
Tuesday, July 31, 2018
A revocable trust is a written legal document through which your assets are placed into a trust during your lifetime and then transferred to designated beneficiaries at your death. While revocable trusts are similar to regular trusts, there are some key distinctions. A revocable trust is considered a more effective estate planning tool than just a last will and testament.
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Friday, July 13, 2018
Are you in need of professional litigation advice on estate tax planning in Howard County? The law offices of Rick Todd provide you with the most recent and updated laws on estate tax planning in Howard County. According to the 2018 federal estate tax, exemptions now favor wealthy individuals with over $11 million in assets. For instance, their tax exemption for estate, gift, and generation-skipping taxes is now $10 million. Moreover, the laws protect the assets transferred as a gift at death from taxes.
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Thursday, June 28, 2018
Trust administration is a process by which assets can be transferred from the deceased to the beneficiaries without having to pass through the court. The trust administration process should be less costly so beneficiaries can receive a more substantial inheritance. It should also be a seamless and private process since there is no need to involve the court, unless a problem arises. Many steps are required to safeguard an effective trust administration in Columbia, MD. It is recommended you work with a trust attorney to help simplify the following steps of a trust administration process.
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Tuesday, June 12, 2018
Estate planning is one of the most important things you can do to protect yourself and plan ahead for when you pass away. Unfortunately, many people do not revise their estate plan after major life changes occur which can lead to problems in distributing assets. With an estate planning lawyer in Howard County, you can make sure that your estate plan is up to date and fits your and your loved one's needs. Read more . . .
Wednesday, May 30, 2018
Do you need a lawyer in Howard County Maryland? Located in one of the principal cities in the Baltimore metropolitan area, Howard County is often cited for its quality of life, excellent education system, and affluence. However, no community is safeguarded from litigation, especially when it comes to the potential complexity of estate and business planning.
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Monday, May 14, 2018
For individuals who own their own business or have a variety of assets, generating a Will on your own is not advisable. There are several layers when it comes to the financial makeup of business assets. By working with a Wills lawyer, you can be sure that your personal and business possessions are protected and administered appropriately.
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Wednesday, April 25, 2018
Most people associate trust administration to a court, but this is not the case. Trust administration is not a court-supervised process. This process involves the transfer of property from a deceased to the beneficiaries listed in their last will. Read more . . .
Thursday, April 12, 2018
If you're planning to buy a home, invest in real estate, or if you suspect that purchasing a piece of property may not be a straightforward transaction, then you need the advice of a residential real estate lawyer. From title disputes to professional advice at closing, a qualified, experienced property attorney can be an asset to your investment. Read more . . .
Wednesday, March 28, 2018
The real estate closing marks the end of a real estate transaction. It's certainly an important part of the process, and a professional should be involved with it. A real estate closings attorney will help handle nearly everything involved with a real estate closing. Read more . . .
Wednesday, March 14, 2018
Are you looking forward to retirement? Do you think about the day you will turn over your business to your son, daughter, or another family member to continue the proud family tradition of providing exceptional service and quality products to your customers? If so, do you have a plan for the smooth transition of the business to the next generation? Do you have a succession plan in place in case you are suddenly unable to help the next generation learn about the business because of your death or illness? If you are not familiar with business succession planning, then you are not alone. Read more . . .
Friday, February 23, 2018
A professional business succession attorney can help ensure the continuity of your business as it changes hands or should you become incapacitated. Competent leadership is key to maintaining a successful business and retaining the customer base.Read more . . .
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The Law Offices of Rick Todd has offices located in Columbia, Chevy Chase, Fairfax, Virginia, and Maryland and serves clients throughout Clarksville, Columbia, Ellicott City, Fulton, Rockville, Bethesda, Potomac, Laurel, Howard County, Montgomery County, and Washington D.C.
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