Recent Blog Posts

Do Small Business Owners Need a Financial Power of Attorney?

Estate Planning for Small Business Owners As the sole owner of your business, you have many responsibilities. From hiring and firing to administration work and maintaining your client relationships, your duties are as crucial to the survival of your company as they are varied. In the event that you have a medical emergency or you… Continued

Probate Administration: Asset Identification

As an executor of a will, it is your fiduciary duty to identify all assets of the estate. Failing to do so can end in a personal lawsuit against you, which would of course further splinter family relations. During the process of grieving for the loss of your loved one, mistakes can easily be made… Continued

Using a Trust to Give to a Charity

Giving to a charity after death is one of the best ways to leave a lasting, beneficial mark on the world once you are gone. The type of estate plan best suited to your needs depends on how much you wish to leave behind for your loved ones, your total value of your assets, and… Continued

Do Not Resuscitate Order

For some, one of the most important aspects of their estate plan is a Do Not Resuscitate order, more commonly referred to as a DNR. A DNR tells emergency personnel or hospital staff not to attempt revival in the event that you experience respiratory failure or cardiac arrest. You or your healthcare guardian, as well… Continued

Estate Planning for Cryptocurrency

Cryptocurrency is so new that many investors (people that own cryptocurrency) forget to include it in their will or trust. In fact, Bitcoin, which was the first successful cryptocurrency, only began in 2009, according to Forbes, and it was not until 2010 that it was first sold by an investor. One person sold 10,000 Bitcoins… Continued

Life Insurance and Probate

When a Life Insurance Policy Must Go Through Probate A beneficiary must be named with the insurance company for the life insurance policy to be paid out. Unlike other types of assets, such as real estate or the money in a bank account, a will alone will not suffice when it comes to life insurance.… Continued

Problems With Joint Tenancy

When people find out about probate, some do more than cringe; they decide to sign their children on as joint owners to their desired property. Sharing property as such creates a right of survivorship in which if person A dies, person B receives the property. This is called joint tenancy, and it can create serious… Continued

Estate Planning for Gay and Lesbian Couples: Children

In 2013, Maryland became the first state south of the Mason-Dixon line to legalize same-sex marriage, according to USA Today. Because Maryland recognizes same-sex marriage, most estate planning issues apply for same-sex and different-sex couples. However, there are some areas where same-sex couples need extra legal protection, such as when they have a child together.… Continued