After all of things that have happened over the past year and a half, the one thing that most of us have come to the realization of is that we all need an estate plan. And, we need one now. Unfortunately, not everyone in our family may have discovered this, so many of...
Plan For The Future With Confidence
Plan For The Future With Confidence
Maryland Estate Planning Law Blog
When should a person update their estate plan?
Executing an estate plan is an important step toward taking control of one’s end of life planning. Through an estate plan, a Maryland resident can explain how they want their assets and property divided amongst their loved ones, friends, and even charitable...
Guardians of property have accounting responsibilities
When a guardian of property in Maryland is appointed to manage the property of an incapacitated person, he or she is required to file an accounting each year. There is information available about the types of property that must be included in the accounting. Property...
Advance directives and treatment preferences
In Maryland, many people want to maintain some semblance of control over their future even if they are in a condition where they cannot express those preferences themselves. As part of comprehensive estate planning, many people will want to create an advance...
The purpose of a special needs trust
Taking care of a family member who has special needs requires a unique kind of care and devotion from those who want the best possible quality for their loved ones. But with all of the focus and attention on present needs, the caregiver can overlook the necessity of...
Can a guardianship be expedited in an emergency?
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...
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...
