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Estate Planning Considerations for Families with a Wide Age Gap Between Children
Estate Planning Considerations for Families with a Wide Age Gap Between Children: Insights from a Olney Estate Planning Lawyer
When there’s a significant age difference between your children, estate planning can require extra attention to detail. You’re not only considering their immediate needs but also forecasting the challenges each child may face at different...
What Is a Community Spouse
Understanding 'Community Spouse' in Medicaid Context: A Guide from a Olney Elder Law Attorney
When navigating the intricacies of Medicaid, particularly when planning for long-term care, you’ll encounter terms that might be unfamiliar yet profoundly influential. One such term is “community spouse.” As your local Olney elder law...
Understanding Step Up In Basis
Understanding the 'Step-Up in Basis' When Selling Inherited Assets: Insights from Olney Estate Planning Attorneys
Inheriting an asset can be a mixed blessing. While it might signify a meaningful bequest from a loved one, it also comes with its own tax implications. One of the most significant tax features to understand when inheriting property is the “step-up...
New Maryland Laws
Olney Estate Planning Attorney Shares New Laws That May Impact Your Estate Planning
October 1, 2023 is the effective date of much of the legislation passed by the Maryland legislature during its legislative session in the Spring. There are a number of new laws that go into effect October 1, 2023 that may affect your estate plan. Our...
Understanding Powers of Attorney and Guardianships
Understanding Powers of Attorney and Guardianships: Insight from a Olney Elder Law Attorney
If you’ve ever questioned the difference between guardianships and powers of attorney for seniors, you’re not alone. As an Olney elder law attorney, I often field questions about these two distinct yet related legal mechanisms. Here’s...