Articles

June 16, 2019
Reasons to Create an Estate Plan Now

Reasons to Create an Estate Plan Now vs. Later

Have you ever said or overheard someone else say I do not need a Will, Power of Attorney or Advance Care Directive? By not engaging in estate planning you are allowing laws enacted by the legislature to make your decisions.
June 15, 2019
Legal Services in Towson, MD

What is Probate?

Probate is a legal process that takes place after someone dies and serves as the framework for distribution assets that pass into an estate.
June 10, 2019
MOLST: Medical Orders for Life-Sustaining Treatment

More about MOLST: Medical Orders for Life-Sustaining Treatment

What is a MOLST form? MOLST stands for Medical Orders for Life-Sustaining Treatment It is a document that consolidates existing orders related to Cardiopulmonary Resuscitation (CPR), Do Not Resuscitate (DNR) orders, and a patient’s wishes
June 6, 2019
Fluid Estate Planning for Changes in Life Circumstances

Fluid Estate Planning for Changes in Life Circumstances

Your estate plan needs to change with life events. Divorce, marriage, and having children are some of the few things that truly can affect every aspect of your life.
May 27, 2019
Estate Planning Documents

You Can’t Rely on One Document to Do Everything

One of the most common estate planning mistakes involves relying solely on one document such as a Power of Attorney or Last Will & Testament.
May 20, 2019
Navigating the Medicaid Minefield

Navigating the Medicaid Minefield

What you don't know about Medicaid can cost you and your loved ones. Here are some common traps that can be avoided with planning and help of a knowledgeable elder law attorney.
May 15, 2019
Estate Planning Agent

What to Consider When Selecting Your Agent

The individual(s) you chose as your “Agent” in your estate planning documents has the important responsibility of protecting you. That protection is afforded to your financial affairs and health care decisions while you are alive.
May 1, 2019
Alzheimer’s Preparation

Alzheimer’s Preparation

The Alzheimer’s Association currently estimates about 11% of those over the age of 65 have Alzheimer’s and that number is expected to triple by 2050. Yet, many people have not given any thought to how they would care for themselves or a loved one when faced with this disease.
April 30, 2019
Aging at Home

Aging at Home

A 2015 AARP survey found nearly 90% of people age 65 plan or desire to live in and age in place at home as long as possible. But staying there is not always easy or feasible as we age.
April 21, 2019
Online Accounts

What to Do With Online Accounts After Death

In today’s ever-increasingly digital world, most people have online accounts for a variety of services. This can include accounts with financial institutions such as investment portfolios, savings accounts, social network profiles, and airline reward program
April 4, 2019
Debt After Death

Debt After Death

Some of the most frequently asked questions in the estate-planning field are about debt and what happens to it after you die.
March 28, 2019
Estate Planning Disasters

Failing to Plan for Unforeseen Events Can Lead to Disaster

Disasters cannot be predicted but, they occur in everyday life. The question you must ask yourself is, are your affairs in order should you experience a disastrous event?
March 27, 2019
Aging & Needing Assistance with Activities of Daily Living

Aging & Needing Assistance with Activities of Daily Living

As we age, we often need assistance with ADLs. Occasionally our care needs are so great that a family member becomes the primary caregiver.
March 23, 2019
Alzheimer’s Preparation

Warning Signs of Cognitive Decline

Cognitive Decline is something we consider when working with our clients in the matters of Elder Law, Estate Planning, Medical Assistance (Medicaid), Guardianship, Asset Preservation and Fiduciary Representation. Let us help you minimize your stress and be prepared to handle a changing situation.
March 22, 2019
Using Immediate Annuities to “Spend Down” for Medicaid

Using Immediate Annuities to “Spend Down” for Medicaid

To qualify for Medicaid, a Federal program wherein the government pays a portion if not all of an elderly patient’s long-term care costs, an applicant cannot own more than $2,500 in countable assets.
March 22, 2019
Common Medicare Scams

Common Medicare Scams

Despite the best efforts of the Centers for Medicare & Medicaid Services, recipients of both programs are frequently the targets of various identity theft schemes. Let's review some important tips to be aware of to protect seniors.
March 21, 2019
Understanding Contract Provisions as a Component of an Estate Plan

What is a Revocable Living Trust?

A Living Trust is one established while the grantor is still alive. A Revocable Trust means the grantor can amend the documents as long as they are mentally competent.
February 24, 2019
Choosing a Beneficiary

Choosing a Beneficiary

Planning for a future after you die is never fun, but it is one of the best ways we can protect and help the ones we love. Selecting the correct beneficiaries of your estate is a task nobody relishes, but it is nonetheless important.
February 20, 2019
Social Security

Social Security Disability (SSDI) vs. Supplemental Security Income (SSI)

According to the Social Security Administration, almost one and three young adults will require benefits before they reach retirement age.
January 17, 2019
The Importance of Reviewing Assets & Estate Planning Documents Post-Divorce

The Importance of Reviewing Assets & Estate Planning Documents Post-Divorce

Are you divorced or in the middle of a divorce proceeding? If so, you should review your estate planning documents, ownership titles on your assets and named beneficiaries.
January 15, 2019
Fiduciary Representation in Towson

An Overview of the Maryland Estate Tax

Like its Federal Counterpart, the Maryland Estate Tax (MET) is not collected from every estate passing assets through probate.
January 10, 2019
Paying Medicare Online

Paying Medicare Online

Most banks allow customers to pay bills from large, stable debtors such as credit cards companies, utilities, or nationwide retailers directly from their bank account. That service is now available to Medicare recipients.
January 6, 2019
Special & Supplemental Needs Trusts

Special & Supplemental Needs Trusts and Government Benefits

Understanding Supplemental and Special Needs Trusts is the first step to ensuring future financial stability for any loved ones receiving disability benefits from the government.
January 6, 2019
Tax Deductions

Other New Tax Provisions

This article summarizes several other changes made to the tax code in its first major overhaul since 1986.
December 27, 2018
Internal Revenue Service (IRS) tax changes

IRS Changes for 2018 Taxes

The Internal Revenue Service (IRS) has announced important changes of tax-related provisions for 2018. Here's a summary.
December 20, 2018
Reverse Mortgage Changes

Reverse Mortgage Changes

Reverse mortgages can be a useful tool. However, like most loans, a reverse mortgage is not a perfect product and should not be entered into until all of the factors, risks, etc. have been examined and explained to the borrower.
December 6, 2018
Elder Abuse

Stan Lee Elder Abuse

According to the National Council on Aging, approximately 1 in 10 Americans over the age of 60 have experienced some form of elder abuse, and of the nearly 5 million cases each year, only 7% are ever even reported to the police.
December 5, 2018

An Overview of Social Security

Currently, Social Security provides benefits to survivors, and certain disabled persons, as well as the elderly and helps keep almost 20% of all Americans older than 64 above the government-defined poverty line.
November 20, 2018
Estate Planning in Towson

Expanded 529 Plans

While experts have and will continue to debate the benefits and costs of the 2017 tax reform for consumers, one clear benefit is the expansion of benefits from the use of a 529 Education Savings Account.
October 26, 2018
Estate Planning in Towson

The Magic Bank Account

Imagine that you had won the Following *PRIZE* in a contest: Each morning your bank would deposit $86,400 in your private account for your use.
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