When many Maryland residents think of what they would include in their estate plans, their thoughts usually revolve around their assets and what will happen to them after their passing. However, it is also important to consider the people estate planning will affect...
estate planning
When estate planning, consider power of attorney documents
Many Maryland residents consider themselves the one in charge. They may be a parent or another type of authority figure and feel comfortable making decisions in difficult situations. However, even decision-makers can need someone else to make decisions for them, which...
Estate planning could help avoid adult guardianship
It is common for people to think about young children when they think about guardianships. However, some older individuals may also need guardians if they face mental decline or other issues that lead to an inability to make certain decisions for themselves....
Business succession planning
There are many small business owners in Maryland. These business owners have spent years building their business and gaining customer support. Most business owners want to pass their business onto the next generation. Business continuity requires a succession plan....
Planning for incapacity
There are certain topics that Maryland residents don't find to be particularly enjoyable. Understandably, thinking about and planning for incapacity isn't on top of the list for friendly conversations. No one wants to think about what would happen to them if they...
Intestacy laws in Maryland
As the year comes to an end, it is a good idea for Maryland residents to either go over their estate plan or take the time to create one if they don't have it. When someone dies in Maryland without a will, intestacy laws kick in. This means their estate is distributed...
The importance of an effective estate plan
Estate planning is important for everyone to do. It can provide peace of mind for both the estate planner and their loved ones so that loved ones are not wondering what to do at the end of the estate planner's life or if the estate planner becomes become incapacitated...
Understanding a Maryland advance directive
As modern medical science develops new techniques to prolong life, many Maryland residents worry about suffering a crippling illness or injury that would rob them of meaningful qualify of life but leave them in a permanent vegetative state. The Maryland Legislature...
Designating beneficiaries and estate planning commonly linked
Maryland residents will undoubtedly understand that it can be a wise decision to craft an estate plan that addresses their needs. Whether that means a will, a trust, a power of attorney or other devices that can be used when estate planning, the document can provide...
What are the foundational documents for estate planning?
In Maryland, it is important for people to have a comprehensive estate plan. Often, this is pushed to the backburner and left for "another time." While it is wise to craft an estate plan with all the necessary documents early in life, those who are coming close to...