Special needs trusts are a popular financial planning strategy used in Maryland by those looking to assist someone in need without jeopardizing a person’s eligibility for programs that require recipients to have income or asset levels below a set limit. The trust will...
Plan For The Future With Confidence
Plan For The Future With Confidence
Estate planning
2023 federal estate and gift taxes
Estate planning could involve more than deciding what assets to leave beneficiaries. Maryland residents might wish to address some responsibilities associated with any tax implications following their passing. Understanding 2023 estate and gift tax rates could help a...
Special needs planning for families
Expenses can be high for families in Maryland that care for members with disabilities. Saving money works for most families, but many of them have to qualify and sign up for disability benefits. There are several solutions for people to care for children and adults...
Pro tips for parenting kids with disabilities
When you have a child with disabilities in Maryland, everything that you do as a parent requires additional time, energy and attention. This takes a toll emotionally and physically. Don't expect anything to be simple Everyday events like going to the grocery store and...
How to qualify for Medicaid by restructuring your assets
Medicaid is a government-sponsored health insurance program that helps low-income individuals and families cover the cost of medical care. In order to qualify for Medicaid, applicants must meet certain income and asset requirements. For some Maryland residents, this...
Talking with your parents about wills and estate planning
Asking one or both parents if they have a will can be awkward. However, it's an essential question all Maryland residents should ask to avoid problems after their parents pass away. Even if they have a will, regular reviews are important to ensure that it is updated...
How can you make sure your edited will is valid?
While "estate planning" in Maryland can involve many complex steps, the most basic is making a will. Most adults should draw up a will to protect both their assets and heirs. But major life events may create changes in your estate planning which may prompt you to...
Paying adult beneficiaries in Maryland
Estate planning can come with a lot of questions for Maryland residents. While some think the process ends with figuring out who gets what, there are also a lot of financial and logistical questions that need to be answered in the planning process. Oftentimes, adult...
Setting up a special needs trust in Maryland
Thinking about what happens to your loved one after you’re gone can be difficult for any Maryland resident. This can be even more stressful if your loved one has special needs or is otherwise incapable of supporting themselves financially. Thankfully, there are estate...
Are there alternatives to guardianship?
There may be some other routes to guardianship, a process where the court appoints someone to make financial and personal decisions for a Maryland resident with illness or a disability. The guardian may make choices in housing, food, education, medical care, or...
