It is important for people in Maryland to create an estate plan, but it is also important to avoid some common errors. For example, people should choose their beneficiaries carefully, making sure that if someone inherits a certain type of property, they can take care...
Mediation is the process by which parties attempt to settle a dispute without seeking a judicial resolution. Mediations can save time and reduce the amount of money paid by each party to resolve a dispute. Residents of Maryland and other states should know a few...
Maryland couples considering divorce are often turning to mediation. Couples must understand a few key factors in order to be successful with this process. What mediation is and is not Mediation is when neutral divorce mediators meet with both spouses to reach a...
When your loved one passes away in Maryland, their estate might have to go through probate. Even if they planned ahead and wrote a will, their estate may require probate to ensure that all debts are paid off and assets are properly distributed. Unfortunately, it's...
Estate planning in Maryland comes with making various decisions on what becomes of assets. Most people handle their assets in the form of a will, but not everything has to be included in a will. Revocable trusts provide another way for people to manage their estate in...
Once an estate enters probate in Maryland, the process can take several months or even years in certain cases. In some cases, the most well-thought-out estate plans get tied up in probate, which leaves your heirs waiting for an extended period of time for the assets...
One of the big tasks that you will face if you are creating a will is choosing the right executor. The executor is responsible for taking your estate through the entire Maryland probate process, from the initial act of filing the will with the court through locating...
Estate planning is a popular wealth-building strategy used across Maryland to protect assets from unnecessary taxes, creditors, lawsuits and other threats. The process of estate planning encompasses many legal and financial tools, including wills and trusts. Here's a...
Many wealthy people in Maryland build their wealth through investments such as real estate, stocks and bonds. Even if you don't have a six-figure income or come from a wealthy lineage, you can still use estate planning strategies to protect your investments. Taking...
Some Maryland couples who are getting a divorce might want to consider mediation instead of litigation. However, others might not even give mediation a try because they have misconceptions about how it works. What is mediation? Mediation involves a neutral third party...
