As we get together for holiday celebrations this month it can be a good time to talk with your family about your estate plan, healthcare decisions or where you would like to live as you age. Sometimes these can make for meaningful conversations but there are also times when families aren’t always on the same …
You know you should get a will. Or maybe you should set up a trust. How do you know which one is right for your particular situation? What other documents should you have? Spoiler alert: you need more than just a will. How much will setting up your estate plan cost? We get these questions …
When you are the caregiver of a loved one with special needs, there are a number of legal documents that you should have in place to help you along the way. Individuals with developmental disabilities will need a varying degree of assistance and advocates depending on their level of independence. Many people with developmental disabilities …
A Caregiver’s Guide to Planning for a Loved One with Special Needs Read More »
During the 2022 Spring legislative session the Maryland legislature passed a new Supported Decision Making Law that went into effect on October 1, 2022. In this article we’ll discuss the basics of Supported Decision Making under Maryland law, and why this is a great tool for individuals with disabilities and older adults seeking to live …
Supported Decision Making – A Potential Alternative To Guardianship Read More »
Incapacity is the physical or mental inability to do something or manage one’s affairs. Although we often think of incapacity only for older adults, anyone can become incapacitated. For example, an individual who is in a car accident and ends up in the hospital on a ventilator or in a coma. In these situations someone …
Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes – Benjamin Franklin, 1789 This quote from more than 200 years ago still rings true – nobody can avoid death or taxes, no matter how hard we try. But we …
Death and Taxes: Planning for Both Can Save You (and your family) a Lot! Read More »
A recent survey by Caring.com shows that nearly 67% of Americans do not have an estate plan. Procrastination was listed as the number one reason Americans don’t have a will, with 40% saying they haven’t gotten around to it. Of those who don’t have a will, 33% cited they don’t have enough assets to leave …
Don’t become an Estate Planning Horror Story! Create your plan now. Read More »
What if we told you that you could protect your children’s inheritance from claims made by his or her spouse, against creditors who may sue your child over negligent acts (like drinking and driving, texting and driving, or bad business decisions) and you could ensure that what you pass on to them could then pass …
Family Asset Protection Trusts – A Gift For Generations Read More »
Studies show that nearly 62% of Americans don’t have an estate plan. When we ask people if there is a specific reason they haven’t planned, we generally get one or two of the same reasons. For most people, their reasons are based on a misconception about estate planning and what actually happens to your assets …
One of the most important aspects of your estate plan is your fiduciaries. Fiduciaries are the people you appoint to act on your behalf. Your estate plan may include some or all of the following: Personal Representative (also known as an executor),guardian for your minor children, healthcare agent, financial power of attorney, or trustee. Each …
