Inheriting assets is a mix of honor and responsibility. As an Olney probate lawyer, I’ve seen many people unprepared for the implications of managing their inheritance. The inclination to treat an inheritance as “bonus” money is common, but there are many pragmatic ways to use these funds for future benefits. Integrating Inheritance into Your Financial …
An Olney Probate Lawyer’s Guide to Managing Your Inheritance Read More »
Going through a divorce is an emotionally charged, challenging process. Amid the whirlwind of legal proceedings, contacting an estate planning attorney might not be at the top of your to-do list—but it should be. A divorce, often referred to as dissolution of marriage, can stretch over several months, sometimes even years. During this period, it’s …
Filing for Divorce in Montgomery County? Why Updating Your Estate Plan is Crucial Read More »
As an Olney estate planning lawyer, I often receive questions about the roles and responsibilities of an executor and a power of attorney (POA), especially in situations where a loved one is no longer living at home. A question I recently received encapsulates a common misunderstanding: “My mom is in a nursing home and her …
As a Olney estate planning lawyer, one question I often receive is whether a person with a life estate can rent the property to others. A life estate is a type of legal arrangement in which an individual, known as a life tenant, is given the right to use a property for their lifetime. After …
The executor (also called a Personal Representative) of an estate plays a crucial role in managing and distributing a person’s assets after they pass away. But what happens when the executor is making mistakes or failing in their duties of estate administration in Montgomery County? It’s a delicate and stressful situation, but one that can …
Estate planning can seem daunting with its complex terminology and numerous components. But don’t worry, this guide from our Olney estate planning attorneys is here to help you navigate the basics. What exactly is estate planning? Let’s define the term to make it clearer. Estate planning refers to a process of arranging how you would …
Estate planning is an essential process for anyone looking to secure their assets and protect their loved ones. One often overlooked aspect of estate planning is the prenuptial agreement, which is an invaluable tool for protecting individual assets and ensuring a smooth distribution of assets in the event of a divorce or separation. In this …
A trust is a valuable estate planning tool that offers flexibility and control over the distribution of your assets. One essential aspect of managing a trust is opening a bank account in its name. This article will explore the key factors to consider when opening a trust bank account, including the required documentation, account types, …
As a Olney estate planning lawyer, I’ve seen firsthand how substance abuse can impact families, leaving parents heartbroken and unsure of how to protect their loved ones while preserving their legacy. In my experience, many parents want to leave an equal inheritance to all their children, but when one child is struggling with addiction, it …
This month, we honor the First Responders who put their lives on the line to save others. While there is no official First Responders month in the United States, the month of May is often recognized as First Responders month because May 4 is International Firefighters Day, and May 15 is National Peace Officers Memorial …
