In Maryland, guardianships for older people who can no longer effectively oversee their own affairs are common. For those who have elderly parents or other relatives who need to be shielded from making mistakes that can be costly financially and personally, a...
Plan For The Future With Confidence
Plan For The Future With Confidence
Maryland Estate Planning Law Blog
Why estate planning should be a priority for all adults
Estate planning is a heavy concept. It carries with it the understanding that the preparer of the plan and documents will eventually die. For some Baltimore residents, considering their own mortality is too much. But it should not be a permanent bar to preventing a...
Three reasons you should have a financial power of attorney
A Maryland resident can take a lot of pride when they consider the ways in which they have grown their wealth over time. Men and women who started out their lives with little to their names can work hard, save, and invest their incomes to build stable and comfortable...
A basic overview of trusts in Maryland
As a person in Maryland gets older, they may start to think of who they want to inherit their assets after their death. While one may initially think of executing a will, the possibility of executing a trust should not be ignored. There is the myth that trusts are...
Guardianships and how to avoid them
Fifteen minutes into the new Netflix show I Care a Lot is probably enough to make most Maryland residents feel queasy about the guardianship system across the country. When an elderly person is unable to make informed decisions about their health or finances, courts...
Which assets are excluded for Medicaid eligibility?
Time does not stop for anyone in Maryland. Everyone continues to grow older and as they do, they may develop various health conditions. It could be various illnesses or they may suffer injuries which affect their ability move around. People may need help with their...
Am I not allowed to give gifts if I want to qualify for Medicaid?
Many Marylanders who are starting to think retirement may realize that they simply have not saved up enough money to afford a nursing home should they need one. Even if they have put together some savings and have some plan for long term care, with nursing homes...
The process of helping a family member with special needs
The past year has shown a lot of people in America, including in Maryland, just how important it is to take care of each other. Plenty of people have needed help, in more ways than one. For families who care for a loved one who has special needs, taking care of...
Setting up your first will
There is no need to wait until a crisis occurs to start estate planning. One of the first steps to estate planning that even a young adult in Maryland can take is setting up a will. Young adults may want to consider the following recommendations when it comes to...
Can you be paid for providing care to an elderly parent?
Many adult children in Maryland choose to take care of their elderly parents, rather than hiring a caregiver or placing their parent in a nursing home. This may be done out of love and affection, and generally no money is exchanged between the adult child and their...
