Whether some one is just starting out in Maryland or nearing retirement, estate planning is an essential part of life. It involves everything from tax planning to drawing up a will. One of the most important parts of life planning is designating a power of attorney...
There are various ways for grandparents to pass their wealth down through the generations. Some choose to give money outright as a gift. Others might directly pay for things like medical expenses or help pay for higher education by covering the cost of tuition. If...
Unfortunately, millions of American adults have not done any estate planning. In many cases, the reason could be that people believe incorrect things about what estate plans are and who they are for. Myths and misunderstandings about estate planning might be holding...
New parents often get so caught up in the joys and challenges of caring for a new baby that they forget to plan for their own future. However, among other things, estate planning can help new parents protect their child's interests in the event of their death or...
Creating an estate plan in Maryland is the first step to ensuring you and your loved ones are well taken care of when incapacitated or after your passing. The next and most critical step is keeping it updated. Here's a look at the five essential checkpoints when you...
In Maryland, most people think about estate planning when they are older. However, it's never too early to begin planning for retirement and your estate. So what are some of the things you need to think about regarding estate planning and retirement? An Updated Will A...
Adequate time for estate planning may not exist when you’ve just had a newborn. Focusing on your baby is important, and that’s why an inheritance for your child means a great deal. Maryland families create wills, trusts and powers of attorney to ensure that children...
Estate planning remains an essential responsibility for older individuals with significant assets. However, not all young people realize they could help their relatives and loved ones by taking similar steps. Even middle-aged Maryland residents with limited assets may...
An estate plan can help to ensure that your Maryland children are taken care of after you die. It can also be used to ensure that a spouse has a place to live if you die before he or she does. Finally, a plan can be structured so that someone can manage your affairs...
For parents in Maryland, creating a trust can be a great way to ensure that your children receive your assets after you die. However, there are certain things you should consider to make sure your children receive assets according to your wishes. Otherwise, your...
