People often focus on married individuals when they hear about the importance of estate planning. However, an estate plan is just as critical for a single person in Maryland as it is for a married person with kids. In many situations, single people may simply need to...
Maryland residents may know that deciding on how to distribute money from a trust seems like the most important consideration when putting a trust together. However, it is just as important to appoint trustees who will follow through with the grantor's wishes. After...
Estate planning is important to do early enough in life before an illness or disability takes away one's ability to make important decisions for him- or herself. Planning for a time in life when people may become mentally or physically incapacitated can help them feel...
Life insurance can be a necessity for families who do not have enough financial assets to close their estate obligations after death. It is also helpful in providing assets to care for family members who are left behind, and a life insurance trust can guarantee that...
The debts against an estate must be paid upon the death of a person. The executor of the estate is responsible for making sure those debts are paid in Maryland and across the nation. Part of the estate administration is to pay the people and the institutions that are...
