People who have disabilities often find it hard to do what's necessary to earn a living. If you're living with or caring for a disabled person in Maryland, it's important to know you have options regarding how they can save money. Two ways that people can provide an...
Plan For The Future With Confidence
Plan For The Future With Confidence
Estate planning
Why consider an irrevocable life insurance trust?
For people in Maryland thinking about planning for the future, an irrevocable life insurance trust (ILIT) may hold certain advantages. An ILIT can allow people to meet various goals, from reducing exposure to estate taxes to distributing insurance proceeds to a range...
Don’t make these beneficiary designation mistakes
Planning your estate is a critical exercise to undertake in Maryland. There are many details that you need to remember as you draw up your plan. You should also keep in mind how easy it is to commit a few key errors. You may not notice them at the time but they can...
How to estate plan when you have a blended family
Estate planning can be hard for blended Maryland families. There are a lot of extra steps that residents have to go through to ensure that their new stepfamily is taken care of. There are also a lot of questions to consider when it comes to the new spouse and any...
How to plan for your disabled child’s future in Maryland
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...
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...
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...
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...
