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Creating a trust can feel like a completed task once the documents are signed. Many people do not realize that a trust only works if it actually owns property. When assets stay outside the trust, the plan may not function the way you expect. What it means when a trust...
Touring a long-term care facility can feel overwhelming, especially when you also think about your estate plan. The questions you ask during a tour can shape both your care experience and how your assets receive treatment later. A thoughtful approach helps you connect...
When a court in Maryland appoints a conservator, the conservator takes on the responsibility of managing the finances of someone who cannot handle their own financial affairs. Maryland law requires that conservators follow strict guidelines to ensure they act in the...
Creating a power of attorney gives someone you trust the authority to make decisions for you, but what happens when that arrangement no longer fits your needs? Revoking a power of attorney in Maryland is a straightforward process if you understand the steps involved....
When someone passes away, their will helps settle their estate according to their wishes. But what if that will was written entirely by hand? In Maryland, handwritten wills—called holographic wills—create challenges during probate. Knowing how state law treats them...
Creating a trust is an important part of your estate plan, but the process doesn’t end with signing the document. To make your trust work the way you want, you must fund it properly. Funding means transferring ownership of your assets into the trust. Without that...
Thinking about future healthcare decisions can feel overwhelming, but having the right documents in place gives you control over your medical care. These documents ensure that your wishes are respected if you cannot speak for yourself and provide guidance to those who...
If you have a loved one who can no longer make certain decisions on their own, you may hear the terms guardianship and conservatorship. While both give someone legal authority to act for another person, they serve different purposes under Maryland law. Understanding...
Elder financial abuse continues to rise, and it can drain both savings and security. Families search for ways to protect loved ones, and one option they often consider is a power of attorney. But does it truly safeguard older adults from being taken advantage of? How...
Ally Legal Planning is excited to announce that the founder of Walsh & Company, Jim Walsh, has joined our team as Senior Attorney. Jim has over 35 years of legal experience practicing in the areas of estate planning, trust and estate administration, tax,...