Tag: Maryland Estate Planning Attorneys

Estate Planning for a Sick Spouse

Planning an estate with a sick spouse who is likely to die in the coming months or years may be the last thing on the mind of either party, but it is an important step to take to save the surviving spouse from serious financial trouble. With help from a compassionate Anne Arundel County estate… Continued

Irrevocable Trust

The majority of estate plans that have a trust include a revocable, or “living” trust. A living trust allows the grantor (the person who created the trust) to continue altering the trust throughout their life. An irrevocable trust, however, is essentially set in stone once it is created, unless the beneficiary gives permission to make… Continued

Daily Money Management Vs. Financial Guardianship

Senior citizens are often the target of financial abuse. Fraud schemes are not only more likely to work on an elderly person with a slight to severe cognitive impairment, but older people are more often targeted by scammers as well. Older individuals are less likely to be familiar with phone and computer technology, and are… Continued

Why Wives Need to Be Involved with Finances

According to a New York Times article, in the United States, the average lifespan is 81.2 years for women, while for men it is only 76.5 years. This means that even if the husband handles financial decisions in a marriage, that responsibility is likely going to be passed off to the widowed wife later in… Continued

Do I Need a Will or a Trust?

The majority of Americans do not have a will or a trust. According to USA Today, 64 percent of Americans do not have a will. But do you really need one? The answer to that is most likely yes. However, do you need a simple will or will your loved ones be better off after… Continued

Estate Planning for Adult Children with Disabilities

According to the American Bar Association, medical advancements have and will continue to allow more and more developmentally challenged children to reach adulthood, which brings the question: are parents planning for how their end of life will impact their adult disabled child? Creating a special needs trust is important for parents with both disabled minor… Continued

Estate Planning With Your Pets in Mind

For many people, a pet is a family member or quasi-child. They carefully make arrangements that best suit their pet during travel, but rarely does an owner make permanent, legally-binding plans for their companions if they should die. Promises from a friend or family member may not actually happen if suddenly someone finds out they… Continued

Blended Families Face Critical Legal Issues When a Family Member Passes Away

Our families change over time. Children and grandchildren are born. Some people get a divorce and remarry. Bank accounts are opened and closed. Real estate is bought and sold. People change jobs and roll over their retirement accounts. For all of these reasons, it is important to establish an estate plan so the family’s assets… Continued

Comprehensive Durable Power of Attorney

A Comprehensive Durable Power of Attorney is imperative for all adults who wish to take care of their finances should they become incapacitated. A comprehensive durable power of attorney allows you to select who you want take care of your assets while you are alive but unable to act on your own. It also protects… Continued