In Maryland, when a child loses both parents, the court will assign a guardian to care for the minor child. While parenthood can be fulfilling and rewarding, it is not for everyone. The court may designate an individual or relative who you believe does not have the...
Losing a spouse can consume you. Apart from the emotional toll, there are also practical matters that you have to deal with. Managing administrative tasks like estate planning may be the last thing on your mind. Still, it’s crucial to handle these matters now to...
If the thought of lacking substantial wealth is the only issue preventing you from processing a comprehensive estate plan, think again. An estate plan is as much about organizing your financial portfolio as leaving your affairs exactly how you intend them to be when...
Finances are constant sources of pressure and concern in most Maryland families. Those who have the foresight to make solid plans for their finances have more room to maneuver when unexpected costs or debt burdens arise. As you are thinking about your own financial...
If you have a loved one with special needs, you may wonder how to provide for their future without jeopardizing their eligibility for government benefits. One option that can help you achieve this goal is a special needs trust, also known as a supplemental needs...
Many people presume that trusts are simply a way for upper-crust families to preserve their wealth. In fact, trusts can be designed for many purposes, and help many types of individuals and families. There is a type of trust specifically for people with special needs...
Your estate plan reflects your wishes and goals for how you want your assets to be distributed, who you want to make decisions for you if you become incapacitated and how you want to be cared for in case of a medical emergency. These wishes and goals might change over...
In Maryland, creating an estate plan is often left to the last minute. People function under the belief that it is something that can wait until later. However, life is about the unexpected and being unprepared can cause a litany of problems, particularly for loved...
Finishing an estate plan is a milestone you should complete as adults, and then, you update it periodically throughout our lives as we progress. One aspect that we add as our estates grow is a trust, and once a trust is added to our estate plans, we need to pick a...
Social media permeates our lives these days. In fact, most people cannot last an hour without at least checking their social media at least once, even at work. Yet, most of us forget to include it in our estate plans. If we do not plan for it, what happens to all of...