People who live in Maryland and have moderate to large estates should know about the Maryland estate tax. While this tax won't apply to all estates, it will to those that are valued above the threshold established by the state. In Maryland, the estate tax threshold is...
Estate Planning
Pitfalls of DIY estate planning in Maryland
Estate planning law is more thorough than many people realize. Navigating the ins and outs takes a lot of time. Aside from that, you could make mistakes in your property and assets division that cause confusion over what to do. Choosing the wrong type of trust There...
Estate planning tips for singles in Maryland
Young, single individuals in Maryland might not consider setting up their estate plans until they’re older. But the truth is, setting up an estate plan is important at any age - and almost doubly so when you’re single. If you’re not married with children, all of your...
How to get the power of attorney for your elderly parent
As your parent grows older, you may realize that they can no longer operate with the type of independence they used to enjoy. The state of Maryland allows children to obtain power of attorney over their elderly parents to protect your parents' health and wishes. Your...
DIY financial planning
Persons interested in maximizing their net worth may find value in financial planning. Effective financial planning could keep someone out of debt or help them increase their net worth. For those hoping to best care for their loved ones, Maryland residents might wish...
Topics to cover with your estate planner
Whether you're new to estate planning or thought you've had everything covered, it's sometimes hard to know where to begin when you're talking to your estate planner in Maryland. If you cover these topics, it can help make sure your wishes are carried out after you...
More than wills and trusts in estate planning
A business in Maryland is rarely settled with a one-page will alone. There is more than one way to distribute the assets of an estate apart from a will or trust. Business owners have more documentation to review and compete as they handle their estate planning....
The most important questions to ask your estate planning attorney
Estate planning is a process that involves a lot of steps, including finding assets, valuing them and reviewing beneficiaries. With so many things to do, it's understandable to have questions about estate planning in Maryland. Fortunately, an estate planning attorney...
Is estate planning necessary for millennials?
With its booming economy and abundant job opportunities, Maryland has seen an influx of millennials. These tech-savvy young people are not only spending more, but many are also more efficient savers than generations from the past. However, a lot of them think that...
What is the importance of beneficiary designations?
One of the most important aspects of estate planning in Maryland is ensuring that chosen people inherit your estate. To ensure your assets are distributed as you desire, you need to check that your beneficiary designations are up to date and changed as situations are...