Recent Blog Posts
3 Asset Protection Tips You Can Use Now
A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances. Below are three… Read More »
Wills for New Parents: What You Need to Know
As a new parent, you naturally want to guarantee your new baby’s future in every way. For many new parents, infancy is a time for celebrating new life, and making a will is the last thing on their minds. For others, the process of bringing new life into the world sparks intense feelings of… Read More »
Is a Payable on Death Account Right for You and Your Family?
Payable on death accounts, or “POD accounts” for short, have become popular for avoiding probate in the last decade or so. What is a Payable on Death Account? A POD account is a type of bank account authorized by state law which allows the account owner to designate one or more beneficiaries to receive… Read More »
Intestacy: If You Die Without a Will in Maryland, Does Your Spouse Inherit Your Entire Estate?
If you are married and you die without a will in Maryland, you may mistakenly believe that your spouse will still inherit your entire estate. Not so fast. Who will inherit your estate depends on several different factors. 3 Factors that Determine What Happens to Your Estate if You Die Without a Will… Read More »
Warning: If You Own Property This Way, You May Accidentally Disinherit Your Own Children
Owning property as Joint Tenants with Right of Survivorship is easy, common, and often disastrous. Sadly, children – both minor and adult – are often disinherited. While there are several forms of joint ownership, the one most people use (and the one considered in this blog) is called Joint Tenants with Right of Survivorship. When… Read More »
5 Reasons Why Uncle Fred May Not Make a Good Trustee
If you have created a dynasty trust that you intend to last for decades into the future, choosing the right trustee is critical to the trust’s longevity and ultimate success. Initially you may think that a family member, such as a sibling (“Uncle Fred” to your children, who are the initial beneficiaries of your… Read More »
Aging.gov: A New Resource for Older Americans and Their Families
More than 10,000 people turn 65 in the U.S. every day according to Aging.gov (http://www.hhs.gov/aging/), a website launched by the Obama administration devoted to elder law issues. The goal of this website is to act as gateway for older Americans and their families, friends and caregivers to locate information about leading a healthy lifestyle,… Read More »
Surprise! You Can’t Easily Disinherit Your Spouse in the U.S.
Believe it or not, in Maryland it isn’t easy to disinherit your spouse. But the same is not true for other family members – generally, you can use your will or trust to disinherit your brothers and sisters, your nieces and nephews, or even your very own children and grandchildren. However, in Maryland, the… Read More »
Flo Jo’s Tragic Mistake: A Missing Will
If you’ve created a will, congratulations! You have made your intentions clear to the world and have provided for your loved ones based on what you determined was best. One caveat, and Rule #1 when creating your will – make sure to tell someone where to find it! Olympic Gold Medalist’s Death Tears… Read More »
Wondering Whether You Need to Update Your Estate Plan?
Yes, You Do. And Here’s Why. Please allow us to be frank. It’s unrealistic to think that a piece of paper – an estate plan – that you draft, reflecting your life at a certain time, will work when your life has completely changed some years later. We’ll use the Chandler family as an… Read More »
