If you want to diversify the types of trusts you have as part of your estate and ensure that some of your wealth goes to charities you support in Maryland, consider a charitable remainder trust (CRT). This financial instrument allows you to leave money to...
Plan For The Future With Confidence
Plan For The Future With Confidence
Maryland Estate Planning Law Blog
Estate planning for new parents
Learning that you’re going to be a new parent is exciting!. One of the first things you will want to do is to plan for the future. Planning your Maryland estate should be one of your top priorities as you will want to make sure your child's future is secure. Create a...
Special needs planning: Learning what you don’t know to plan for
Residents of Lutherville and other parts of Maryland may want to know more about how to learn to plan for a special needs child. Feeling overwhelmed may be what is going on right now. Planning involves handling one thing at a time, as you did when you were going to...
What does a third-party special needs trust cover?
Special needs planning covers a lot of what many Maryland people with disabilities require. An example of special needs planning is a disabled person moving out on their own with government assistance. Another is getting a specialized van for transportation. Asset...
Elder law versus estate planning
Elder laws in Maryland consist of public statutes that specifically serve geriatric people. Though elder planning can be a part of estate planning, there are differences between the two. While estate planning looks at all of your assets and prepares them for your...
What to consider when creating a special needs trust
A special needs trust is a special type of estate planning document designed to help special needs individuals. It's created specifically for those who have special needs, such as disabilities and mental impairments, that hinder their ability to work or save money....
Using an estate plan to keep wealth in the family
Most people in Maryland create an estate plan so that their wealth can go where they want it to go after they die. For many people, that’s to family members whom they care about. Here are some tips to increase the odds that the money you leave your loved ones won’t be...
The role of an elder law attorney
Elder law attorneys can be a valuable asset for Maryland families with older loved ones who need legal help. They can commonly advise on estate planning issues, will updates, designating power of attorney, or even finding a reputable nursing home facility in some...
Are transfer on death options a way to escape probate?
Probate could take more time than heirs expected, leaving many waiting for funds that could cover significant life expenses. Estate planners may worry about how much time, cost, and stress might burden beneficiaries, so they could explore transfer on death (TOD)...
Paying for long-term care
As you get older, you realize just how challenging affording certain care and various needs becomes, especially if you are living on a retirement pension or another standard and set income. If you are living in Maryland and planning for long-term care for yourself or...
