Hello
I am located In Maryland. My mom have businesses(that I run) in Maryland and my dad have businesses( I run) in DC. I am currently 24 and my brother is 19. I am trying to plan for future and trying to set up my parents will. Also at the same time, I want to transfer my parents asset to my name right now. Since they have signed the guarantee for all the retail location leases. Just in case something goes wrong in the future. I do not want any of our personal asset to be touched. I assume if it's in my name(the son), it cannot be touched by anyone. I heard it takes 3 years from the time everything transferred to my name for it to take effect. We also all have full life insurance. Any advice and point out would be helpful. Also if any recommendation to a lawyer who can help with the process around silver spring md.
Thanks
I am located In Maryland. My mom have businesses(that I run) in Maryland and my dad have businesses( I run) in DC. I am currently 24 and my brother is 19. I am trying to plan for future and trying to set up my parents will. Also at the same time, I want to transfer my parents asset to my name right now. Since they have signed the guarantee for all the retail location leases. Just in case something goes wrong in the future. I do not want any of our personal asset to be touched. I assume if it's in my name(the son), it cannot be touched by anyone. I heard it takes 3 years from the time everything transferred to my name for it to take effect. We also all have full life insurance. Any advice and point out would be helpful. Also if any recommendation to a lawyer who can help with the process around silver spring md.
Thanks