Estate Planning

You can use a power of attorney to decide who can make important decisions on your behalf if you are unable to do so. These are important estate planning documents that allow you to plan for an unpredictable future. For example, you may decide to use a legal power of...

When people think about estate planning, they often focus on the items clearly listed in a will. A family home, savings account or treasured heirloom may often come to mind first. But not every asset automatically passes through a will. Some property follows entirely...

When people in Maryland consider their estate planning options, the fallback strategy is generally a will. This is the simplest way to ensure their property goes where they want it to go. However, for many, it might not be the ideal way to go about it. Depending on...

You have many estate planning options at your disposal. Amongst them is the use of various trusts. These entities are managed by an individual appointed to adhere to the trust’s terms and are typically named by the individual who created the trust. Given the...

Maryland residents who have taken the time and effort to create an estate plan have done a wise thing. It is a crucial part of being fully prepared for the future. Many people have exchanged hard feelings and extended disputes over a loved one’s assets after they are...

If you have done a little research into trusts, you probably already know something about how a typical living trust can provide you with income while you are alive, and then transfer its assets to your loved ones and your favorite charities after you are gone. This...

The name may strike you as strange, but a springing power of attorney could be a very important part of your estate plan. The term "power of attorney" usually refers to a document in which you grant another person legal authority to do certain things on your behalf....

If you live in Baltimore and are thinking about ways to shape your legacy, adding charitable giving to your estate plan can offer meaningful advantages. While it is not required, weaving philanthropy into your estate plan can provide legal clarity, tax relief and...

When most of our readers in Maryland and the D.C. area think about estate planning, they probably think mostly about establishing plans for what happens to their assets after death. But, any comprehensive estate plan will also include documents that provide direction...

While setting up a will and trust are important parts of estate planning in Maryland, getting your investment portfolio ready is another piece of estate planning you should not overlook. As we get older, our finances typically become more complicated and can be...