Asset Preservation

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There are various approached to protecting your assets from federal and Maryland estate taxes or other expenses. Learn about general strategies.

April 16, 2020
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.
March 14, 2020
Having the Talk: Share Your Estate Plan with Your Family

Having the Talk: Share Your Estate Plan With Your Family

Because “the talk” involves not one but two things we’re often uncomfortable discussing – money and death – many of us put it off or never have it at all, and that’s a mistake.  Making your expectations clear can help your heirs to avert a good deal of discord, or even litigation, after you’re gone.
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 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.
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 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.
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 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.
December 6, 2018
Elder Abuse

Statistics & Risks of 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.
September 1, 2015
Life Estate Deeds Advantages & Disadvantages

Life Estate Deeds Advantages & Disadvantages

Today, it is possible to re-title the ownership of many assets by adding a beneficiary. When the asset is real property, for example your house, this occurs through the use of a life estate deed.
July 9, 2015
Recognizing Elder Abuse: Real Threats to Seniors

Recognizing Elder Abuse: Real Threats to Seniors

Elder abuse is defined as “any knowing, intentional, or negligent act by a caregiver to an elder person that causes personal, financial, or physical harm or serious risk of harm.”
May 18, 2015
The Pros & Cons of Co-Owned Accounts

The Pros & Cons of Co-Owned Accounts (JTWROS)

This article specifically addresses the Pros and Cons of accounts that are titled ‘Joint Tenant with Rights of Survivorship’, (JTWROS). An account, titled in two or more persons’ names that have rights of survivorship, is jointly owned by those individuals.
April 17, 2015
Ownership of Assets

Ownership of Assets

There is a common misconception that all real and personal property will pass through an individual’s estate upon his or her death. Though, some assets avoid the probate process altogether depending on how the property is titled.
December 18, 2014
Duties of an Executor

A Single-Minded Approach: Estate Planning for the Unmarried

With no family to provide for, many singles may feel that having a plan isn’t a necessity. However, the truth is that estate planning for single individuals is just as important, and sometimes more complex, than planning for married couples.
October 25, 2014
Creating Guardianships in Maryland

Creating Guardianships in Maryland

Guardianships can occur when people fail to plan for disability which then occurs. Maryland has a vested interest in protecting its citizens and what they own.
April 24, 2014
Preventing Elder Abuse

Preventing Elder Abuse

Elder abuse can take many forms. These include direct physical, emotional, or sexual abuse and indirect abuse such as neglect, abandonment, and exploitation.
August 26, 2013
Estate Planning in Towson, MD

Estate Planning Lessons From The Boss

Estate and “death tax” planning must be undertaken in a way that also educates the client. In this way, the client understands the applicable laws, how those laws will impact their ultimate goals or how they may lower or increase the potential taxes occasioned at death.
July 9, 2013
Recognizing Senior Financial Abuse

Recognizing Senior Financial Abuse

Senior financial abuse is increasing every year. The abuse can come from family members, friends, care facilities, financial institutions and of course strangers.
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