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Spotting the Red Flags: The Importance of Relationship in Estate Planning
It's often said that a solid relationship is built on trust. This couldn’t be more accurate when seeking an estate planning firm to help you with your family’s planning needs.
August 28, 2023
How Does Anchoring Bias Affect Decision Making?
You may have heard that old story about the newlywed wife who, when making a pot roast for her husband for the first time, cut both ends off the roast and placed them in the pan. When her husband asked why she did this, she said “I don’t actually know – that’s how my mom taught me to do it.” She called her mother and told her that her husband had asked why she cut off the ends of the pot roast. Her mother laughed and explained “my pan wasn’t large enough to hold the roast so I had to cut off the ends to fit it in the pan”. Turns out that cutting off the ends was a practical measure, not a culinary secret. This story epitomizes a cognitive shortcut known as anchoring bias: sticking to an initial piece of information or process, even if it's irrelevant to our current circumstances.
August 25, 2023
Shortcuts and Estate Planning: Why Skipping a Step Might Cost You More
In today's fast-paced world, everyone's looking for a shortcut. Whether it's to save money, time, or hassle, we often think taking a shortcut is the smarter move. A recent article in The Independent paints a vivid picture of this mentality in the world of air travel, but it also provides a poignant analogy for estate planning.
August 24, 2023
Maryland’s Intestacy Law Changes: What You Need to Know Now
Attention Marylanders: significant changes are pending concerning how estates are distributed for those who pass away without a will. The most prominent shift revolves around provisions for surviving spouses.
August 21, 2023
Estate Planning and the Lessons from the National Bonsai Museum
In Maryland's neighboring landscape, amidst the sprawling urban sprawl, lies a sanctuary that whispers ancient tales. The National Bonsai Museum, though technically in D.C., is a stone's throw from Prince George’s County and stands as one of the area's best-kept secrets.
August 18, 2023
What is a Joint Revocable Trust?
In the vast realm of estate planning, there's one tool that stands out for couples looking to manage and protect their shared assets: the joint revocable trust. The term may sound complex, but its implications for couples, especially those with significant combined assets, are profound.
August 17, 2023
The Rise of Gray Divorce: Its Impact and Implications for Estate Planning
In recent years, a new term has arisen in the context of marital dissolution: "gray divorce." This term, reflecting more than just a catchy phrase, signifies the increasing rate of divorces among older adults, typically those over 50.
August 14, 2023
The Surprising Legality of Digital Expressions
A recent case from our neighbors to the north has brought to light an interesting perspective on how our digital world is increasingly permeating legal landscapes. A Canadian judge ruled that a thumbs-up emoji, a commonplace sign of approval in digital communication, can be as legally binding as a traditional signature.
August 11, 2023
Setting the Right Compass: The Gift of Estate Planning as a Guiding Example for Our Children
As parents, we set the stage for our children's future, often in ways we may not even realize. We understand the importance of role modeling when it comes to teaching manners or empathy, but what about in areas like financial responsibility and planning for the future?
August 9, 2023
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