Category: Estate Planning

In a crisis situation, what happens if you or your family member is suddenly incapacitated and unable to take care of routine affairs? Who will be authorized to make medical decisions?  Who will continue to pay your health care premiums, the mortgage, or other important expenses?  If you own a business, who will work with… Continued

In estate planning, there are various tools available to individuals seeking to protect their assets and ensure a smooth transfer of property to their beneficiaries. One such tool is a life estate deed, which grants a person the right to live in and use a property for the remainder of their life, with ownership transferring… Continued

If you own real estate in Maryland, it is important to consider and make informed decisions about these types of assets. A life estate deed can be a valuable tool to help you legally pass your real property assets to your heirs and avoid the probate process, while also preserving tax benefits.  This type of… Continued

When we talk about Medicaid planning, many people think that this is something that only needs to be considered for underprivileged people.  Quite the opposite is true.  Medicaid planning, sometimes also referred to as long-term care planning, is important for anyone that is going to need long-term care.  It is especially important for family members… Continued

Most older adults come from a generation that believes certain financial matters are best kept private.  In many cases, your parents may have met with an attorney or financial advisor and tell you that ‘everything is handled.’  It may even be awkward to talk to your parents about financial plans.  However, the guidance they received… Continued

What happens to your pet if something happens to you?  Naming a pet guardian has become a regular  part of the estate planning process for many.  In this article, we’ll show you how to create an estate plan or pet trust to take care of your furry friends in the event of your accident or… Continued

For many people, a pet is a family member or quasi-child. They carefully make arrangements that best suit their pet during travel, but rarely does an owner make permanent, legally-binding plans for their companions if they should die. Promises from a friend or family member may not actually happen if suddenly someone finds out they… Continued

A basic estate plan provides essential legal documents for your family in the event of your incapacitation, sudden illness, or even death. It is crucial to have an estate plan in place to protect your family and your assets. Your estate includes everything you own. Therefore, it is a good idea to plan for what… Continued

Social media is an important part of our lives these days. Most seniors, who use the internet, are on Facebook or other platforms, which can be a great way to stay in touch with family and friends. Other forms of social media have grown in popularity in the last decade as well, including Instagram, Twitter,… Continued

When you are expecting a baby, it is an exciting time filled with anticipation, joy, and planning for the future. However, one thing that many new parents or parents-to-be often overlook is the importance of a will or estate planning before you bring that precious baby into the world.  After all, you want to ensure… Continued