Category: Estate Planning

Is Your Family Inheritance at Risk for Probate?

If a family member dies, it is important to have a will in place to determine the disposition of the person’s assets and their final wishes.  Most wills must go through the probate process, before any assets are sold and any disbursements are made.  Probate is the official proving of a will in court. Most… Continued

Why Estate Planning is Critical for Those in The LGBTQ Community

Everyone needs an estate plan regardless of age, marital status, economic bracket, sexual orientation, or gender identity. Everyone in Maryland benefits by having a will, various trusts that are relevant to their specific needs, and a professional probate administrator to assist the executor of their will. However, there are a number of particular scenarios in… Continued

If My Loved One Has a Will, Do I Have to go Through Probate?

According to Investopedia, “Probate is a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.” Before any assets can be distributed to beneficiaries, the executor of… Continued

The New Maryland Spousal Effect Law – Changes You Need to Consider

A new law (Senate Bill 192/House Bill B99) also known as an Augmented Estate Law, was signed into law by Governor Hogan, and takes effect October 1st, 2020. This new law will likely have a profound impact on the finances of certain married couples, especially couples who have previous children, by another marriage. While most… Continued

Creating an Estate Plan for Your Pets

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 for your pets. When a family crisis occurs, your pets can provide your family unconditional love and… Continued

Five Myths About Living Trusts

There is a lot of mis-information circulating about estate planning, which is understandable given how complicated this area of law really is. Living trusts, for example, are one of the most commonly misunderstood aspects of estate planning, but this should not stop you from creating one, if that is what is in your best interest.… Continued

Signs That Your Parent Needs a Guardianship

As your parents age, you may realize that they seem to be more forgetful, such as forgetting to close the garage door, repeating stories, or not knowing what day of the week it is. These memory lapses often intensify over the years, and what begins as “senior moments” can quickly turn into dementia, a condition… Continued

A Comprehensive Guide to Wills, Trusts, and Probate

Every person, no matter your age, should have a will or trust to ensure that your assets and property are handed down as you see fit. Without a will or a trust, the state of Maryland may end up distributing your assets according to the law versus according to your wishes.. Many people believe their… Continued

Medicaid Planning Tips for Seniors and Their Families

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

Adult Children Should Ask Their Parents About Their Financial Plans

It can feel strange for an adult child to ask their parents about their financial plans, but it is a conversation that not enough children broach. Eventually, you’re the finances of your parents will affect your own, especially if they have not created or updated their estate plan. Do they have a will? Have they… Continued