Some Maryland parents may have children with disabilities. Though these parents undoubtedly love their children immensely, this love may also lead to serious concerns about how their children will be cared for after their parents' passing. Luckily, individuals may be able to address such concerns as they work on their estate plans. Setting up a special needs trust could prove considerably beneficial.
A young couple recently agreed to buy a house from her grandmother. Negotiations were made, a contract was signed and closing was set. On the eve of closing, grandma died. The closing has yet to go through.
Many Maryland residents may create plans for their estates with certain ideas in mind. However, if those individuals get married more than once, there is a chance that the estate plan could be affected by those marriages. In some cases, remarriage could cause issues to arise between a surviving spouse and other loved ones when it comes to determining who is entitled to certain personal property.
Many older individuals often face incapacitation that leaves them unable to care for themselves and their affairs. As a result, an individual or entity may be appointed guardian in order to care for the unable person. Guardianship is a substantial responsibility, and the appointed individual may face issues when it comes to keeping up with a conservatorship or other estate-related area.
Taking the time to address the potential physical and mental problems that could befall an individual in life could be a smart move to make. If a Maryland resident wants to prepare for the possibility of incapacitation, creating the applicable power of attorney documents may be a good place to start. Depending on the circumstances, different type of documents may be needed.
Maryland residents may be interested in a complicated case involving the estate of billionaire media mogul Sumner Redstone. Reports stated that the man's granddaughter had expressed concerns about whether Redstone had truly been in support of changes made to two of his trusts. The woman believes that her aunt -- Redstone's daughter -- forced him to make changes. As part of the probate litigation, the granddaughter would like a mental and physical examination of her 93-year-old grandfather as well as a deposition.