As people age, they may need to make some important legal decisions about their health and finances. This is where elder law comes in. Elder law involves seniors and their families navigating the legal system so that they can make sound decisions about their future....
Plan For The Future With Confidence
Plan For The Future With Confidence
Maryland Estate Planning Law Blog
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...
Estate planning basics
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...
Assets that can be kept for Medicaid eligibility
Long-term care adds up fast; the annual median cost for a private nursing home room was $105,850 in 2020. The government can pay the bill for people with Medicaid, but it's not easy to qualify. However, there are tools a person can use to avoid spending down assets...
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...
What are Medicaid long-term care qualifications?
If you have a loved one in Maryland whose physical abilities or mental faculties have started to decline, you may begin to think about the possibility of long-term medical care. Perhaps you're wondering if that possibility is something you will eventually need. How do...
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...
Planning for the care of your special needs child
If you're in your 50s or older and have a disabled son or daughter living at home, your children may live longer than you despite their disability due to medical advances. You've cared for your child well into adulthood and increased the chances that your child will...
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...
