When a loved one cannot make decisions, you often need to help with the Medicaid application. You may act as a guardian or as a person with power of attorney (POA). The type of authority you have can affect how quickly the process moves and how difficult it becomes....
Maryland Estate Planning Law Blog
How estate planning can reduce or avoid Medicaid estate recovery
Many people will likely need skilled nursing care at some point as they age, whether it’s for short-term rehabilitation or a long-term stay. Unfortunately, few people plan for it. Medicaid helps pay for long-term care in some situations, but eligibility criteria...
Is it time to update your estate plan?
If you have an estate plan, it is excellent that you have taken steps to give your family guidance when it comes to distributing your assets, determining what type of medical care you need and things of this nature. Drafting a plan well in advance can help to avoid...
Using life insurance to fund a special needs trust
Worrying about a special needs family member is natural. Parents, grandparents and even siblings may want to take steps to ensure that a family member with special needs has financial support for the rest of their life. A special needs trust that addresses long-term...
What is testamentary capacity?
When drafting or modifying an estate plan, a person must have testamentary capacity. This generally refers to their ability to understand what they are doing, the legal choices they’re making and the impact of their decisions. They must be of sound mind, intentionally...
What you need to know about long-term care planning in Maryland
The phrase "long-term care" can feel overwhelming at first. Maybe you have watched a loved one struggle to find the right support. Perhaps you wonder what your own future holds. These concerns are completely natural. Yet planning for long-term care is one of the most...
Why do young professionals need estate plans?
Professional success or starting a family are common reasons that people create estate plans. People who have six-figure incomes, spouses or minor children often want to ensure the right people inherit their resources or to protect their dependent family members. It...
The limitations of long-term care insurance
As people age, their medical needs often increase. Many older adults eventually require in-home support from nursing professionals or a room in a nursing home during their last months of life. The cost of such support can be prohibitive. An individual may not have...
3 types of evidence that can help those seeking adult guardianship
Adult guardianships are often contentious legal matters. One person attempts to prove in court that another adult is incapable of living independently and acting in their own best interests. Those with debilitating medical conditions may require the support of a...
A living will vs. a medical power of attorney
One important part of estate planning is to consider your medical needs in the future. The more planning you can do in advance, the better. This gives your family direction, ensures that your wishes are honored, and allows you to make a plan before there are any...
