Many Maryland residents are ready to start thinking about their estate plans, but they just haven’t “gotten around to it.” Of course, it is easy to see why someone would put off this task – it involves thinking about the inevitability of death, and there may be some...
In Maryland, a primary goal of estate planning is to ensure that loved ones inherit a significant portion of a person’s property without being obligated to pay a substantial estate tax and other fees. However, that is growing increasingly complex with the changes to...
For families who have a child with developmental or other disabilities, planning for their future needs entails an awareness of unique considerations. A trust is a legal document created for the purpose of holding assets for the benefit of another. Once property or...
Estate plans should be reviewed regularly. In addition, there are several circumstances in the estate planner’s life when they should always consider reviewing and updating their estate plan. When to review an estate plan Major changes in the life of the estate...
One thing you should never do is execute an estate plan only to leave it gathering dust, untouched until your death. In Maryland and across the nation, estate laws change in ways that affects your estate plan and warrants a review. The new administration is a good...
A trust is a useful estate planning tool that estate planners should be familiar with. A trust allows property to be managed by one person for the benefit of another person. The party managing the trust is referred to as the trustee. The party that the trust property...
No one wants to think about a situation when they are unable to think or act for themselves. Unfortunately, these circumstances arise all too often when Maryland residents are involved in car accidents, work-related incidents, and other personal injury situations....
Maryland residents who are considering their estate planning options are doing so to protect their loved ones and to make certain their assets are allocated based on their preferences. These issues can become confusing with the variety of alternatives available. While...
When it comes to estate planning for Maryland residents, some people probably think it will go one of two ways: it will be easy or it will be complex. Of course, no two estate plans are the same, so the ease or complexity of the process will be heavily dependent on...
If you are engaged to be married, divorce is probably the last thing you and your fiancé want to be thinking about. Yet you might be rightfully concerned about what would happen to your assets should your marriage end in divorce or in the event of your death. One...