For people in Maryland, it is difficult to realize that a loved one may not be able to make their own decisions. This inability could be caused by a sudden accident, mental incapacitation or illness. In the past, many have turned to the attorneys at The Law Offices of Scott Alan Morrison, P.A. for advice with a situation such as this, including the possibility of creating a guardianship.
One's state of mind is important when making legally binding decisions. Not only is this important for the person making the decisions, but also it is essential in determining if a person's will is to be considered legally binding in probate court in Maryland or any other state. This turned out to be essential in an out-of-state probate case which began in 2012.
There are many unexpected events in life. These events can be much more problematic if a person has not adequately prepared for them. Fortunately, there are steps a person in Maryland can take in order to prepare for a time when he or she may be unable to make personal or financial decisions. If a person has previously created a power of attorney -- which grants someone else the right to handle his or her financial matters -- considerable time, money and effort can be saved.
The holidays are a time for rejoicing and happiness for most families. However, the holidays are also a time for tying up loose ends in order to prepare for the coming new year in Maryland or any other state. Although thoughts about one's own death do not exactly bring holiday cheer, planning for estate administration is something that should not be ignored. If one has not done so already, creating an estate plan should be on one's list of New Year's resolutions.
When most people think of estate planning strategies, they think of minimizing tax liability. However, a good estate administration plan will take into consideration more than just tax issues. There are various other aspects, besides federal taxes, that are important in estate planning in Maryland or in any other state.