Tag: Maryland Estate Planning Attorneys

Fiduciary Duties: Buying and Selling Stock

According to Forbes, one of the most common mistakes made during estate administration is failing to buy or sell securities during a good market (bull market) or bad market (bear market). For estate administrators who do not have experience in the stock market, this duty can be particularly challenging. However, it is the estate administrator’s… Continued

Estate Planning for Minimizing Gift Taxation

Leaving behind money to your family, friends and other loved ones is a satisfying option for those with property to leave behind when they pass. However, for those with considerable assets, your property may be taxed heavily by the federal government if you do not take the appropriate estate planning steps to avoid excessive taxation.… Continued

Estate Planning as Part of a Long-Term Care Plan

As our older loved ones age, the truth is that they eventually may require long-term care assistance, such as living in a nursing home or assisted living facility. But how does this get paid for, let alone arranged? Estate planning is part of a successful long-term care plan in that it helps senior citizens get… Continued

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

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

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

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

Estate Planning for a Sick Spouse

Planning an estate with a sick spouse who is likely to die in the coming months or years may be the last thing on the mind of either party, but it is an important step to take to save the surviving spouse from serious financial trouble. With help from a compassionate Anne Arundel County estate… Continued

Irrevocable Trust

The majority of estate plans that have a trust include a revocable, or “living” trust. A living trust allows the grantor (the person who created the trust) to continue altering the trust throughout their life. An irrevocable trust, however, is essentially set in stone once it is created, unless the beneficiary gives permission to make… Continued