The Law Offices of Scott Alan Morrison, P.A.
Frederick
Location
301-694-6262
Hagerstown
Location
301-293-0010

Frederick Estate Planning Blog

Location and age could impact guardianship choices

Children fill life with excitement, joy and sometimes drama. Though certain situations may drive you crazy, you undoubtedly want to be there for every minute of it. Unfortunately, we never know what the future holds, and a serious accident, illness or other situation could take you from your children too soon. 

In the event that you can no longer care for your children, you certainly want someone you trust to provide for them. By creating guardianship appointments and stipulations as part of your will and estate plan, you can ensure that a responsible party will take over the care of your children. However, choosing the right guardian may have its difficulties.

Protect yourself from power of attorney abuse

There are many decisions to be made when making an estate plan, and many Maryland residents may find it difficult or stressful. Naming a power of attorney can be especially stressful for some. However, giving a person this responsibility, and instructions of when they are able to exercise the powers that come with it, could help to protect the estate planner and his or her property.

Does everyone need a will?

Many people living in Maryland have misconceptions about when they need to have wills written. They often believe that a will is not needed until they have acquired some level of wealth. However, there are more reasons to have a will than many people may realize.

Avoidable estate administration mistakes

For many Maryland residents, being named as the executor of a loved one's will can be a daunting task. There are many things that the chosen executor is responsible for that he or she may be unaware of or not understand how to complete. As a result, there are many recurring mistakes in estate administration.

Benefits of consulting with an estate administration professional

The death of a family member can be a sad and stressful time for Maryland residents. Several things must be considered at one time, including funeral arrangements and estate administration. The estate executors are expected to carry out the terms of the will and settle any outstanding debts with the available assets. Family members or loved ones are often appointed as executors, but they may be more likely to make mistakes while carrying out their responsibilities because they are unfamiliar with the process. Hiring a professional or having the appointed executor consult one may help to prevent some of these mistakes from being made.

Gaining guardianship of a parent with Alzheimer's disease

When your parent gets a diagnosis of Alzheimer's disease, you may both be shocked, saddened and frightened of the future. After the initial shock has worn off, you may be able to sit down with your parent to talk about what you will be able to do for him or her when he or she can no longer make logical decisions regarding things like health care, finances or even personal hygiene.

Should a living will be part of your estate plan?

It is never easy to plan for the future, especially when it pertains to your own health care and potential medical problems you could face as you move through life. However, having a good, thoughtful estate plan in place can eliminate some of the stress regarding these sensitive matters.

Every Maryland family could benefit from having an estate plan. This makes certain issues easier for your family in case of incapacitation, but it also provides you peace of mind knowing that you get to decide what happens to your assets and to determine what kind of health care you want. As part of your complete estate plan, you may find it beneficial to consider the benefits of a living will.

Estate planning is for young Maryland residents too

When you're young and carefree, probably the last thing on your mind is planning for the future. However, life is unpredictable. There may be challenges even when you're young. No one wants to think about the "what ifs," but planning for those maybes may save you and your family members a lot of grief should the unthinkable happen.

That's where estate planning comes into play. It's not just for older Maryland residents. Tragedy can strike at any age. Having an estate plan even when you're young and single may give you peace of mind and be your voice when you can't speak.

Things to consider when assigning power of attorney

Writing a will can be a daunting task for all individuals, whether they are writing one for the first time or making changes to an existing document. For some Maryland residents, it may feel as though they are relinquishing control or making premature decisions about their lives. This may be especially true for those who are considering assigning a power of attorney

Individuals may find it helpful to have a backup agent, or they may find it helpful to separate the power of attorney between two people. It can be separated into financial and health care powers of attorney so that no one person is burdened with all of the decisions. One might also find it beneficial to include the entire family by informing them who the officially appointed agent is. This way the family may be more inclined to work together when making difficult decisions. 

Establishing a special needs trust

During the last several years, it seems as though more individuals are classified as having special needs. As a result, many Maryland families may be considering establishing a special needs trusts. These trusts are intended to supplement the income individuals with special needs may receive through government programs.

A special needs trust can be set up by either the individual that the trust is intended for or by a parent, legal guardian, grandparent or the court. These are referred to as either first party or third party trusts. In both cases, the disabled individual that the trust is intended for should be under the age of 65. Trusts that are established by a third party are expected to also be funded by a third party and not the individual that the trust is intended for. 

  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
Form Submit Button

Schedule Your Free Consultation Today

For more information and a free consultation with a Maryland estate planning attorney, call us at 301-694-6262 or fill out the form below. We provide clients with the estate services they need.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We have offices in Frederick and Hagerstown, Maryland, to serve you.

Evening, weekend and off-site appointments are available upon request. Free parking is available at our Frederick office.

Frederick Office
141 W Patrick Street
Suite 300
Frederick, MD 21701

Phone: 301-694-6262
Fax: 301-668-8884
Map & Directions

Hagerstown Office
Cornerstone Wealth Center
19833 Leitersburg Pike
Suite 1
Hagerstown, MD 21742

Toll Free: 866-220-5185
Phone: 301-293-0010
Map & Directions

Contact This Office Contact This Office