The probate process can seem daunting, especially when navigating the myriad of assets left behind by a loved one. While many assets pass through probate, some bypass this legal process altogether. Understanding this distinction is crucial for beneficiaries and personal representatives. Let’s explore these exclusions together. Key Assets Excluded from Probate Why It Matters to …
Choosing a guardian for any child is a weighty decision, but when that child has special needs, the stakes are even higher. Parents need to ensure not only a safe and loving environment but also one that caters to their child’s unique requirements. An experienced Olney special needs lawyer can offer some vital considerations to …
Estate planning is a crucial topic, but it’s often cloaked in sensitivity, especially when older loved ones feel that their finances are private matters. Knowing how to navigate this conversation respectfully and effectively is crucial. Why It Matters Having a will and comprehensive estate plan ensures that your loved one’s wishes are carried out, minimizing …
The loss of a loved one is always a challenging time. Amidst the emotional turmoil, there are several practical tasks that must be undertaken. One of the foremost among these is obtaining the deceased’s death certificate. As your local Olney probate lawyer, I’m here to guide you through the process to make it as straightforward …
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 life stages. As your Olney estate planning lawyer, I’m here to highlight the nuances you should consider in such situations. …
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 attorney, I’m here to demystify this concept and its implications for Medicaid eligibility and benefits. What is a ‘Community Spouse’? A …
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 in basis”. As Olney estate planning attorneys, we often encounter clients who are …
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 Olney estate planning attorneys explain in more detail below. Intestacy …
Olney Estate Planning Attorney Shares New Laws That May Impact Your Estate Planning Read More »
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 an explanation to help you understand the nuances of each. Guardianships Explained Guardianships typically come into play when an …
For many retirees, dividing time between two beloved locations is the dream. Often known as “snowbirds,” these individuals enjoy northern US states in the summer before flocking to warmer climates come winter. While this lifestyle has many advantages, it can significantly impact the distribution of your assets when you pass away. For instance, Maryland state …
