For many of us, our good health will not last forever. As we age, we could suffer physical or mental disabilities that prevent us from managing our medical care and assets. When this happens, a guardian might be appointed by the court to meet these needs. How is a...
It is easy to assume that having a will drafted is something that only wealthy people need to do, but everyone can benefit from having a will. You may believe the purpose of a will is to decide who gets your money or assets after you die. While that is one thing that...
Estate planning is oftentimes more complex than people anticipate. This is especially true for those who have significant assets or own a business. If you’re in the latter group, then now is the time to ensure that you have a solid estate plan in place to ensure that...
Estate planning can be a confusing topic for many. In Maryland, when considering the options, people may want to stick to the simplest solutions like a will. However, in some instances, more is needed. For those who want to put a document in place where they can...
Figuring out how to leave your estate to your loved ones can be difficult to do. You might be worried about fairness or having tough conversations about why you’re not leaving assets to someone who may be expecting you to do so, or you may be concerned about how...
Maryland residents often have plans in place, just in case something happens or goes wrong. An emergency fund could help address medical bills or a new furnace in the home. A retirement account funds your retirement, once you are ready to stop your working days. And...
Historically, Marylanders have used trusts as a way of saving their estates money on different types of taxes. Times have changed, however. For example, the vast majority of people who live in the Prince George’s County suburbs now do not have to worry about the...
The pain and stress of divorce A divorce can be painful and stressful, and going through the process may drain a person’s energy. When the final order is issued, many people tend to think that the entire process is complete. Sadly, this thought is incorrect. A newly...
They say hindsight is 20/20, and when it comes to protecting your retirement assets, there is no do-over. Although people in Maryland and elsewhere are quitting their jobs in droves and many choosing to retire early, not all are confident that they have what they will...
When Maryland residents sign their wills, most assume that their estate planning decisions will be enforced by the local court according to the terms spelled out in the will. Unfortunately, this assumption is not always borne out by future events. One or more...