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...
Plan For The Future With Confidence
Estate planning
What to know about 529 plans in Maryland
529 plans are a highly common method of reducing taxes at both the state and federal levels. However, Maryland residents who are thinking of utilizing this helpful estate planning option should bear in mind that grantors are not allowed to make any alterations to a...
Utilizing a solid estate plan can be highly beneficial
Going through the estate planning process in Maryland is essential to ensure your wishes are completed in association with the distribution of your property. To do so, you'll need to closely examine all of your property and assets to come up with a plan meeting your...
Should I consider a charitable remainder trust for my estate?
If you want to diversify the types of trusts you have as part of your estate and ensure that some of your wealth goes to charities you support in Maryland, consider a charitable remainder trust (CRT). This financial instrument allows you to leave money to...
Estate planning for new parents
Learning that you’re going to be a new parent is exciting!. One of the first things you will want to do is to plan for the future. Planning your Maryland estate should be one of your top priorities as you will want to make sure your child's future is secure. Create a...
What does a third-party special needs trust cover?
Special needs planning covers a lot of what many Maryland people with disabilities require. An example of special needs planning is a disabled person moving out on their own with government assistance. Another is getting a specialized van for transportation. Asset...
What to consider when creating a special needs trust
A special needs trust is a special type of estate planning document designed to help special needs individuals. It's created specifically for those who have special needs, such as disabilities and mental impairments, that hinder their ability to work or save money....
Using an estate plan to keep wealth in the family
Most people in Maryland create an estate plan so that their wealth can go where they want it to go after they die. For many people, that’s to family members whom they care about. Here are some tips to increase the odds that the money you leave your loved ones won’t be...
Are transfer on death options a way to escape probate?
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)...
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....
