Tag: Maryland Estate Planning Attorneys

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

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

Do I Need Advance Healthcare Directives?

None of us wants to think about having an illness, being incapacitated, growing older, or how to care for a family member in these situations.  But, advance care planning is an important step you can take for yourself and your loved ones, at any age.  After all, none of us knows when a car accident,… Continued

Fiduciary Duties: Buying and Selling Stock

According to Forbes, one of the most common mistakes made during estate administration is failing to buy or sell securities during a good market (bull market) or bad market (bear market). For estate administrators who do not have experience in the stock market, this duty can be particularly challenging. However, it is the estate administrator’s… Continued

Estate Planning for Minimizing Gift Taxation

Leaving behind money to your family, friends and other loved ones is a satisfying option for those with property to leave behind when they pass. However, for those with considerable assets, your property may be taxed heavily by the federal government if you do not take the appropriate estate planning steps to avoid excessive taxation.… Continued

Do Small Business Owners Need a Financial Power of Attorney?

Estate Planning for Small Business Owners As the sole owner of your business, you have many responsibilities. From hiring and firing to administration work and maintaining your client relationships, your duties are as crucial to the survival of your company as they are varied. In the event that you have a medical emergency or you… Continued

Using a Trust to Give to a Charity

Giving to a charity after death is one of the best ways to leave a lasting, beneficial mark on the world once you are gone. The type of estate plan best suited to your needs depends on how much you wish to leave behind for your loved ones, your total value of your assets, and… Continued

Estate Planning for Cryptocurrency

Cryptocurrency is so new that many investors (people that own cryptocurrency) forget to include it in their will or trust. In fact, Bitcoin, which was the first successful cryptocurrency, only began in 2009, according to Forbes, and it was not until 2010 that it was first sold by an investor. One person sold 10,000 Bitcoins… Continued

Estate Planning for Gay and Lesbian Couples: Children

In 2013, Maryland became the first state south of the Mason-Dixon line to legalize same-sex marriage, according to USA Today. Because Maryland recognizes same-sex marriage, most estate planning issues apply for same-sex and different-sex couples. However, there are some areas where same-sex couples need extra legal protection, such as when they have a child together.… Continued