The Tyra Law Firm, LLC

Helping our neighbors plan for their family’s future and avoid painful issues.

  • The Tyra Law Firm, LLC
  • Neil W. Tyra, Esq.
  • Practice Areas
    • Estate Planning
      • Power of Attorney
      • Wills
      • Advanced Health Care Directives
      • HIPAA Authorizations
      • Trusts
    • Elder Law/ Medicaid Planning
    • Family Law
      • Prenuptial Agreements
      • Divorce
      • Marital Separation Agreements
      • Child Custody
      • Child Support
    • Personal Injury
      • Auto Accidents
      • Premises Liability
  • Testimonials
  • Videos
  • FAQs
  • Events
  • Blog
  • Contact
post

Update Beneficiary Designations to Avoid a Disaster

December 15, 2020
NWT Owner/Admin

One of the simplest things you can do to protect your hard-earned assets and manage your estate is to review your beneficiary designations statement. If you do not keep them up to date, a variety of disasters can occur. Three Women and a Man in a Coma Let me tell you a quick story. Years ago, long before I became an attorney, an acquaintance had a terrible car accident and was in a coma in the hospital. He was Read More

Filed Under: Wills, Estate Planning, Advanced Health Care Directive, Power of Attorney

post

Pet Trust: Will the Dog Inherit More Than Me?

November 17, 2020
Neil Tyra

Noel and our dog Rosaline

That is a distinct possibility in my house. But seriously, making provisions for our beloved pets or service animals is an important issue and potentially an estate planning consideration. While this is most easily understood in terms of your typical family pet such as a dog or cat, it gets more significant if you own other animals such as horses. At the end of the day, a pet trust might be the best solution. Our Read More

Filed Under: Wills, Estate Planning, Trusts

post

When is the Best Time for My Kids to Get Their Inheritance?

September 21, 2020
Neil Tyra

Woman with Daughter Blowing Bubbles

If you are like most parents, you want your estate to be evenly divided and given to your children if your spouse pre-deceases you. That is not necessarily set in stone; you can divide it up any way you see fit. But most people do follow the first scheme - by dividing their estate into even shares to give to their kids as their inheritance. But what does that mean if your kids are minors and how does that affect Read More

Filed Under: Trusts & Estates, Wills, Inheritance Tax, Estate Planning

post

How Much of My Estate Does My Spouse Get?

September 8, 2020
Neil Tyra

Couple of color embracing

The portion of your estate that passes to your spouse is called the marital share. Typically, you would provide for your spouse by indicating in your Will how much of your estate is to go to them upon your death. We often refer to an “I Love You Dearly Will” as being one that leaves everything to my spouse if they outlive me or everything to my children if my spouse pre-deceases me. For the vast majority of married Read More

Filed Under: Trusts & Estates, Pre-nuptial Agreements, Estate Planning

post

Pour-Over Will? What the Heck is That?

August 4, 2020
Neil Tyra

I know what a Last Will and Testament is; but, what the heck is a Pour-Over Will? It’s a great question that we often get asked. It’s also one around which a great deal of confusion exists. Let’s sort it out. Pour-Over Wills Work with Trusts Pour-Over Wills work in conjunction with a Trust - be they Revocable Living Trusts (the most common) or Irrevocable Trusts. Does that mean that you need both a Trust and a Read More

Filed Under: Trusts & Estates, Estate Planning, Living Will

post

How Much Does a Will Cost?

July 31, 2020
Neil Tyra

How much does a Will cost? It is perhaps our most frequently asked questions. At The Tyra Law Firm, we get this question a lot. Of course, it makes sense to want to know what you are getting into and to budget accordingly. As you begin thinking about your estate plan, take some time to shop around, and find the right attorney for you. While the price may be a factor, finding an attorney whose process and philosophy Read More

Filed Under: Trusts & Estates, Estate Planning

post

How Long Does the Probate Process Take in Maryland?

July 10, 2020
Neil Tyra

If you have recently been named a personal representative in a loved one’s Maryland probate administration, you are probably wondering, “how long will the probate process take?” You may have heard that the probate process can be long and fairly costly. In fact, there is a lot of variation in how the probate process works. Let’s back up and walk through the process together: My Loved One Just Passed, How Do I Read More

Filed Under: Estate Planning, Probate

post

What Happens if You Don’t Have a Will?

July 10, 2020
Neil Tyra

College kid pondering his estate plan

Many people don’t have a Will, whether intentionally or not. They might know that estate planning is a good idea but, for one reason or another, they end up putting it off or deciding to skip it altogether. I don’t mean to call anybody out here, but, if this sounds like you, there is something important that you need to know: not having a plan is a plan. It’s not one that I recommend, but it is making a choice about Read More

Filed Under: Trusts & Estates, Wills, Estate Planning

post

How Can I Protect My Teen When They Go Away to College?

June 28, 2020
Neil Tyra

Every summer, I am reminded of the intense emotions I felt all those years ago when my kids first went away to college. Sure, I was proud of them for graduating from high school. I was excited to watch them embark on the next step in their journeys. I was nostalgic about how quickly time passes, thinking of them as little toddlers running on the beach. But, most of all, I was scared. It wasn’t an active fear like I Read More

Filed Under: Trusts & Estates, Wills, Estate Planning, Advanced Health Care Directive, Power of Attorney

post

Do I Need an Estate Plan?

June 17, 2020
Neil Tyra

New parents contemplating their estate plan

When do you really need to start thinking about your estate plan? When many people think about “estate planning,” they think about it in terms of age. Estate planning is often associated with retirement, prolonged illness, or preparing for passing. For that reason, it’s not something that is talked about often outside of post-retirement communities. However, estate planning is necessary at any age. In fact, estate Read More

Filed Under: Trusts & Estates, Wills, Estate Planning

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 7
  • Go to Next Page »

Recent Posts

  • Your Adult Child’s Estate Plan: Why It’s Important?
  • What If You Fail to Name a Beneficiary?
  • Marital Separation and Estate Planning – Avoiding the Elective Marital Share Problem
  • Update Beneficiary Designations to Avoid a Disaster
  • Pet Trust: Will the Dog Inherit More Than Me?

Social Media Links

  • Facebook
  • linked in
  • twitter
  • (301) 315-0811
    neiltyra@tyralawfirm.com

Quick Links

  • The Tyra Law Firm, LLC
  • Rockville Estate Planning Attorney • About Us
  • Practice Areas
  • Testimonials
  • Estate Planning FAQs
  • Blog
  • Contact

Other Pages

  • Free Resource
  • Newsletter
  • News
  • Privacy Policy
  • Disclaimer

Contact Details

199 East Montgomery Ave.
Suite 100
Rockville, MD 20850
Phone: (301) 315-0811
E-mail: neiltyra@tyralawfirm.com
    Get Social:
  • Facebook
  • linked in
  • twitter
Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Click here for full disclaimer.
Created by The Tyra Law Firm, LLC
© 2023, The Tyra Law Firm, LLC