If you have children with special needs in Maryland, it is in your best interest and theirs to ensure they'll be protected and well taken care of after you pass. There are steps you can take to accomplish this. They include: 1. Designating a guardian A guardian is a...
Plan For The Future With Confidence
Plan For The Future With Confidence
Maryland Estate Planning Law Blog
Power of attorney and guardianship: what’s the difference?
End-of-life planning can be daunting, especially when we think about how we want our final fishes to be carried out. You'll also need to come up with a plan for your loved ones to follow if you become incapacitated. If you're looking into power of attorney or...
Will Medicaid pay for your nursing home expenses?
Since its creation in 1965, the social healthcare program of Medicaid has aided innumerable people with limited means to find the healthcare that they need. For many senior citizens in Maryland, this is the program that allows them to make payments for their long-term...
The difference between special needs trusts and ABLE accounts
When you're leaving money to an heir with special needs in Maryland, you have unique considerations for the estate planning process. Knowing the differences among your options can help you adequately support a disabled heir after your passing. Special needs trusts and...
Don’t make the mistake of waiting to discuss estate planning
Discussing income and wealth is something many people try to avoid, even your closest friends and family members. With the second-highest share of millionaires per capita of any U.S. state, 9.72% of all households, Maryland residents can benefit from better estate...
The planning of a life estate
As a homeowner in Maryland, you want your family to inherit your belongings after your death. A life estate guarantees their rights to your property and assets after you've enjoyed them. There are certain facts to understand before creating a life estate. General...
Understanding what elder law can do for you in Maryland
As people age, they may need to make some important legal decisions about their health and finances. This is where elder law comes in. Elder law involves seniors and their families navigating the legal system so that they can make sound decisions about their future....
How seniors can avoid financial exploitation
Financial exploitation is a serious problem in Maryland and throughout the rest of the country. It can involve the misuse of an elder's financial and physical property. Abuse of this kind can come from relatives, caregivers, neighbors and others. There are certain...
Estate planning basics
Almost every Maryland adult could benefit from some estate planning. If you have some family and some assets, it’s a good idea to create an estate plan. Even if you don’t have any assets of value, your estate plan can set directives for your medical care and name a...
Assets that can be kept for Medicaid eligibility
Long-term care adds up fast; the annual median cost for a private nursing home room was $105,850 in 2020. The government can pay the bill for people with Medicaid, but it's not easy to qualify. However, there are tools a person can use to avoid spending down assets...
