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Planning your estate can be a complex task that involves making critical decisions about your assets. Among the essential tools you can use in this process are trusts, which offer a flexible and effective means of managing and distributing your assets according to...
As of 2020, the CDC reported a life expectancy of 76.8 years for Maryland residents. When people die, settling the estate of the deceased person, or the probate process, often seems complex and daunting. In Maryland, several misconceptions exist that can make this...
Including a power of attorney in your estate plan can help you take care of your financial and legal affairs in the event of incapacity or an inability to make decisions. Learn more about the benefits of having a power of attorney in Maryland. Definition of power of...
Whether you seek these answers for yourself or an aging loved one, it is important to understand the options for long-term care. Knowing how they help you and how they involve your family can be a huge help when planning an estate. Unpaid caregiving Many families opt...
Planning for the end of life is a task many people prefer to postpone. Yet, without a valid will, the state of Maryland will determine the distribution of your assets upon your death. This process, known as intestate succession, follows a set of laws that may not...
Many people often associate estate planning with providing for their children after their death. However, estate planning is just as crucial for individuals without children. An effective estate plan helps to carry out your wishes, distribute your assets according to...
When estate planning, choosing a person you know will fulfill your final wishes and safely give your assets to the proper beneficiaries is important. This process could initially seem overwhelming since you may not know what traits to look for. After talking to...
Choosing a care facility is important, and those who may need one in the future will do better if they can pick one while still in a healthy state of mind. Whether looking for one for yourself or looking for a loved one, it is important to know what you want out of a...
Currently, the qualifying age of onset for disabilities is 26. Unfortunately, this leaves a huge portion of the population struggling if their disability developed later in life. However, upcoming changes to the ABLE Act will provide protection for a whole new group...
You want to stay with your family forever, but the fact is that is not possible. Aside from memories, there are other things you should be able to leave with them. It all depends on what kind of life you imagine them to have. In fact, you might not even have to...