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...
Estate Planning
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...
Could a SLAT help protect your wealth from estate taxes?
Some Maryland residents have a substantial estate because they worked hard, make smart investments or generally managed their money well. Though amassing considerable wealth certainly feels like an achievement, it can seem troublesome knowing that their wealth will be...
Health care choices adults can make now for the future
It can be difficult for anyone to consider his or her own mortality, but every adult should think about what is necessary in case of incapacitation in the future. There are specific estate planning documents that allow one to plan for specific types of health care...
What should be in an employment contract?
A strong employer-employee relationship is important for any business, and it’s in the interests of both parties to avoid conflict and disputes whenever possible. One way Maryland businesses can accomplish this is through a carefully drafted employment contract. This...
