25+ Years Of Legal Experience
Some important parts of your estate planning don’t involve estate plan documents like wills, trusts and advance directives. You can designate beneficiaries directly on some types of accounts. Retirement accounts are an example. If you’re a federal employee with a...
There are several reasons why many Maryland residents include trusts in their estate plans. Trusts provide individuals with more control over how their assets will be distributed after they pass away, and these versatile estate planning tools can also avoid the public...
Most people in Maryland would agree that planning for the future is a good thing. When you get in your car and take a short drive, chances are you’re not going to get into an accident. Yet, you likely have insurance just in case such an event happens. So, why is it...
One of the most common ways to transfer accumulated wealth and reduce estate taxes is through gifting or transferring assets to designated individuals or institutions. Specific designations aim to keep Maryland assets out of probate court, but problems can occur if...
As most children become adults in Maryland, they deal with the challenges of aging parents. One situation that can arise during this time is learning that one or both of your parents named you as their executor. Unless you work in the estate planning industry, it's...
Taking on the task of handling an estate in Maryland requires exceptional organizational, financial and legal skills. While you can choose whoever you want (well, they can figure it out their way as they go), selecting a professional estate executor may be just what...
Divorce can be so exhausting that tackling more legal paperwork is probably the last thing you feel like doing. Yet, if you do not promptly revise your estate plan to reflect your new status, you could easily forget, and that could have negative consequences should...
No one knows what tomorrow may bring. Although it can be a rather dismal subject to discuss, we are all going to die one day. When this inevitable event happens, wouldn’t you want all the things you worked for your entire life to stay in your family? This is why...
Although many people in Maryland divide their assets evenly among their heirs, others do not. However, some family members may not be happy with your decision, feeling that those who receive a larger share of your assets may have unfairly coerced you into your...
Apart from its monetary worth, a family home also has sentimental value because of the good times and memories it holds. For this reason, it is frequently the most coveted inheritance. However, there are times when the drawbacks of leaving a house to family members...