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Estate planning can be a difficult topic, but it can help avoid a lot of pain and financial costs for your family down the line. One of the best ways to help make things easier on your inheritors is to add mediation provisions to your will. In Maryland, you want to...
Using a living trust in Maryland has become increasingly popular as an estate planning tool due to its many benefits. However, for it to be effective, you need to make sure it's funded by naming all of your assets correctly. Examine all of your real estate holdings,...
Estate administration is a large responsibility, so don’t expect to receive the title of executor without some work ahead of you. In Maryland, you have the right to excuse yourself from being an executor. The common tasks of this individual are what initiate the full...
Don’t let complacency set in once you have created your estate plan. If you do so, you’re likely to mismanage its assets later on. The reason comes from simple life events. To defer taxes or protect your assets from unwanted beneficiaries, you have to revisit your...
Wills are certainly helpful in managing your estate, but the laws of Maryland give your children the right to contest that will in court. The question worth asking is whether to go with an equal or equitable division of your estate. The relationships with your...
Probate can be a difficult process at the best of times. Dealing with the estate of a loved can be very complicated, even when there's not much actual property involved. Luckily for Maryland residents, there's a small estate probate process available. This can...
Retirement is a difficult subject for many people to think about in Maryland. It can be hard to imagine what you will do when you are no longer working, and estate planning is often overlooked in this regard. Here are some of the most important aspects that you need...
Even if it's hard, planning for what happens should you be unable to make your own decisions later in life is perhaps the most crucial part of estate planning. You hope it never happens, but planning for incapacitation would take the pressure off your loved ones, and...
Some Maryland spouses may be shocked to discover that their husband or wife excluded them from their will. However, state law protects spouses from being disinherited by one another through the will, and the elective share allows the surviving spouse to receive a...
Every state has its own requirements for valid wills. If you are planning your will, it is absolutely vital that you understand what these requirements are to avoid problems with your estate. Your attorney should know what these issues are and review them with you in...