Any plans one makes for the future should be custom tailored to the Maryland adult’s needs and objectives. When estate planning, it is crucial to develop plans that will allow one to meet specific desires, such as caring for a special needs loved one, charitable...
Estate Planning
Long-term planning is an immediate need
When Maryland adults consider their long-term needs, they may think about planning for retirement or saving enough money to reach certain dreams. While it may not seem like a pressing need in the moment, long-term planning and creating an estate plan should be part of...
Leveraging the benefits of a trust when estate planning
When considering what should be included in an estate plan, Maryland adults may consider issues such as how to efficiently pass wealth on to loved ones. In some cases, a basic will is a simple and effective way to outline one’s preferences regarding what happens to...
Holes in an estate plan could lead to complications in the future
There is no one-size-fits-all approach to planning for the future. Every estate plan is different, and these plans can be custom-tailored to suit the specific needs of the Maryland individual and his or her family. Once these documents have been drafted, however, the...
5 questions to ask before becoming an executor
When someone is asked to handle the responsibilities of closing an estate, it is not a decision to make without thinking it through. Some people may feel an obligation to say yes to act as the executor, or they may think that they can say yes now but not actually have...
Have you accounted for digital assets when estate planning?
These days, most people in Maryland and across the country can carry their lives in their pockets. Their smartphones likely have numerous apps that allow them to quickly access personal, financial, social and work-related information with the tap of a finger. While...
When does an easement affect property use?
When Maryland property is purchased for a home, the purchaser likely has plans for how it will be used. There are certain factors, however, that could affect the intended use of a specific piece of property, such as an easement. An easement is an interest in a...
What happens when settling an estate?
It can be an emotionally challenging process to handle a loved one’s affairs after his or her passing. Settling an estate involves paying off remaining debts, gathering assets, valuing property and distributing assets to heirs and beneficiaries. It is also likely at...
Knowing which trust is right for an estate plan
An important goal when planning for the future is to create security and peace of mind. While no one can say with certainty what will happen in life, there are estate planning steps that do allow a Maryland individual to have the final say over what will happen to his...
When it’s time for children to inherit assets, is equal best?
Many people want to become parents and have multiple children. Though most Maryland residents have undoubtedly felt great joy as parents, they have likely also witnessed their children fight, argue, show signs of sibling rivalry and more over the years. While this is...
