Monthly Archives: October 2020
Family Protection Planning Right Now
During a crisis like COVID, many of us are dealing with health or financial issues. However, some families mistakenly believe that only those with older family members need to be concerned with planning and protecting family assets. But, protecting your family is important at any age, especially for those with younger children. Unfortunately, most… Read More »
Medicaid Planning is not Estate Planning
Does your estate plan protect assets from long-term care costs? Does it include a strategy for long-term care? Many people think that if they’ve done an estate plan, they have covered long-term care or Medicaid planning issues. Nothing could be further from the truth. Medicaid planning is not estate planning and you’ll need an… Read More »
Is Your Family Inheritance at Risk for Probate?
If a family member dies, it is important to have a will in place to determine the disposition of the person’s assets and their final wishes. Most wills must go through the probate process, before any assets are sold and any disbursements are made. Probate is the official proving of a will in court…. Read More »
When a Loved One Dies: What You Need to Know About Probate And Estate Administration
After a person dies, there are certain legal matters that must be handled to ensure that inheritances are appropriately handed down, taxes and debts are paid, along with other critical details. If you are the executor to the estate, you will greatly benefit from the guidance of an experienced probate and estate administration attorney… Read More »
Why Estate Planning is Critical for Those in The LGBTQ Community
Everyone needs an estate plan regardless of age, marital status, economic bracket, sexual orientation, or gender identity. Everyone in Maryland benefits by having a will, various trusts that are relevant to their specific needs, and a professional probate administrator to assist the executor of their will. However, there are a number of particular scenarios… Read More »
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… Read More »
Why Estate Planning is Important for Young Families
Most young families are rushed for time. Between work, shuttling the kids between various events and appointments, and weekend family outings, there isn’t a lot of extra time left over by the end of the week. But, what would happen to your children or your spouse, if something unexpected happened to you? It’s not… Read More »
A Power of Attorney is Important Before You Need It
Are you responsible for parents or other seniors in your family? Or, for that matter, do you know what happens if you’re involved in a car accident or other sudden illness? An individual can become incompetent or incapacitated at any age, especially after an accident or illness. Many seniors face cognitive decline, disability, Alzheimer’s… Read More »