Author: Tara Frame

Protecting Intellectual Property with an Estate Plan

If you are a business owner or have a leadership role in a business, you probably have some form of intellectual property (IP) that you have created, that should be protected.  What happens to this type of intellectual property after you pass?  Will you be able to protect how it is used and by whom? … Continued

Why A Power of Attorney Is So Important in a Crisis

In a crisis situation, what happens if you or your family member is suddenly incapacitated and unable to take care of routine affairs? Who will be authorized to make medical decisions?  Who will continue to pay your health care premiums, the mortgage, or other important expenses?  If you own a business, who will work with… Continued

The Best Apps to Make the Lives of Seniors Easier

We don’t commonly associate seniors with technology but there are many great ways to use technology to make seniors lives easier.  Although learning how to use certain types of technology and electronic devices can be challenging, there are many useful apps that can help.  In this article, we explore some of the best apps for… Continued

Preserving Your Inheritance In Maryland

Whether you are planning to leave a small savings account, a long-established IRA, or a legacy of wealth, inheritance issues are best resolved before you pass on.  As a matter of fact, there are some legal strategies you can take now to minimize inheritance taxes, avoid probate in Maryland, and reduce fighting amongst your heirs. … Continued

Talk to Your Parents About Their Financial Plans

Most older adults come from a generation that believes certain financial matters are best kept private.  In many cases, your parents may have met with an attorney or financial advisor and tell you that ‘everything is handled.’  It may even be awkward to talk to your parents about financial plans.  However, the guidance they received… Continued

How To Handle Social Media Accounts After Death

Social media is an important part of our lives these days. Most seniors, who use the internet, are on Facebook or other platforms, which can be a great way to stay in touch with family and friends. Other forms of social media have grown in popularity in the last decade as well, including Instagram, Twitter,… Continued

The Dangers of Do-It-Yourself or DIY Wills

With everything available at the click of a button, many people think that downloading a Do-It Yourself or DIY will is an effective way to get a will in place.  The biggest mistake many consumers make is to utilize services like LegalZoom or other platforms and think they “have everything covered.”  But, the state you… Continued

Is Your Family Inheritance at Risk for Probate?

If a family member dies, it is important to have a will in place but a will may not protect the family’s inheritance from probate, taxes, or creditors such as Medicaid.  Here are some considerations for ensuring that your family will receive their fair share of assets and how to preserve their inheritance during the… Continued

Estate Planning as Part of a Long Term Care Plan

More than 70% of seniors will require some type of long term care.  It may surprise you, or your family members, to realize that long term care is typically not covered by Medicare and often not considered as part of a basic estate plan.  With these costs averaging $10,000/mo in Maryland, it can quickly diminish… Continued

If My Loved One Has a Will, Do I Have to go Through Probate?

According to Investopedia, “Probate is a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.” Before any assets can be distributed to beneficiaries, the executor of… Continued