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)...
Month: August 2021
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...
Plan your estate to benefit your family
If you're creating a will, it may be beneficial to meet with an estate attorney and accountant to sort through complicated estate planning issues. You want to make sure your family benefits from your estate rather than losing property to taxes or estranged relatives....
How to develop an excellent Medicaid asset protection plan
Many individuals receive assistance by qualifying for Medicaid. If you need to do so, it is important to note that there are requirements you will have to meet. In Maryland, a single applicant can't have monthly assets below $2,500. If you're married, your asset total...