Death is an inevitable fact of life. However, when most people in Maryland or in any other state die it is not usually a sudden event, but rather a slow process. Usually people will experience a steady decline in health caused by illness, injury, disability or simply...
People with developmental disabilities oftentimes do not have the capacity to fully take care of themselves. Many times this is due to diminished mental capacities which are so severe that they are not able to function and make decisions for themselves like other...
For most parents providing for their children's education is of utmost importance. Many parents in Maryland and other states have opted to utilize 529 plans in order to save money for their children's education. These plans are education savings plans which enjoy a...
There was much controversy recently as lawmakers were arguing about where the estate tax exemption level should be. However, in the end lawmakers decided the exemption should be at $5.25 million, which means that most people in Maryland and elsewhere will not be...
Estate planning consists of making preparations for distribution of a person's assets after he or she dies. Most people in Maryland look at assets as tangible physical items, such as houses, real estate or even cash money. However, people tend to overlook digital...
Life is full of the unexpected. However, this can also be true about death, especially when attempting to make plans for estate administration in Maryland or in any other state. Although it is impossible to tell the future, a good estate plan should consider as many...
There has been plenty of talk among financial professionals regarding the new changes to the federal estate tax and how it will affect those planning their estates. The new law has set the federal exemption for the estate tax at $5.25 million for individuals and $10.5...
Planning for retirement is important for people who want to ensure comfortable living during the final years of their lives. However, changes in estate administration laws can make planning for retirement more challenging in Maryland and elsewhere. The recent budget...
When a person dies, that person's property and assets will need to be distributed to their rightful heirs. However, if one has failed to do proper estate planning preparations the state of Maryland will decide how to divide the decedent's estate. Most people would...
With so much attention being devoted to the debate over the federal estate tax, many people forget that some states also have their own estate tax laws. However, one state delegate in Maryland has not forgotten about her state's estate taxes. She is attempting to...
