What Happens if Someone Passes Away who has Debt?

October 10, 2017
Estate Planning

Whether you’re concerned for an aging family member who has debt, or are planning for your own future, understanding what happens to debt after a person passes away is helpful. Let’s find out more about what happens if someone passes away who has debt. Common Debts Credit card and mortgage debt are the most common […]

Do I Need a Lawyer to Start a Business?

September 15, 2017
Business Law, General

Technically, you don’t need a lawyer to start a business, you can do it on your own. That said, partnering with a lawyer you can trust at the inception of your business will make it much easier for you to start your business. Additionally, finding a reputable business lawyer early on will create a more […]

The Different Types of Trusts

August 18, 2017
Estate Planning, Trusts

Having a Will or a Trust is a key component of estate planning—how much do you know about trusts and what they can do for you? Trust: Defined A trust is a legal document that provides for a trustee to hold or distribute your assets both during your lifetime and after your death, and allows […]

What Happens if you Die Without a Will in Maryland?

July 15, 2017
Estate Planning, Wills

Death is not a comfortable subject for most to talk about, but when it comes to making plans for your assets after you pass away, talking about it is a necessity! Specifically, you should be aware of what a Will is and what happens in Maryland if you die without a will. Let’s answer some […]

Legal Aspect of Selling a Business

June 15, 2017
Business Law

So you want to sell your business, but you’re not sure where to start. The legal aspects associated with selling a business might be unknown territory for you. Let’s answer a few common questions to help clear things up: What is a letter of intent? One of the first things you will do when you decide […]

What is a Power of Attorney?

April 27, 2017
Power of Attorney

A Power of Attorney is a legal document in which you grant someone else the ability to make decisions on your behalf if you are otherwise incapable. There are a few different types of power of attorney, and different ways to go about obtaining one. Here are some things to consider. Different Types of Power […]

When Do I Need to Worry About a Will?

March 15, 2017
Estate Planning, Wills

Having a Will in place prior to your passing can save your loved ones money, months in court, headaches, confusion, and unnecessary stress. So, what is involved in drafting a Will, and when is a good time to get started? It is always smart to have your Will ready should something happen to you and […]

How Do I Calculate My Assets?

February 17, 2017
Estate Planning

Your assets are, simply put, everything you have of value. To calculate your assets, you’ll want to add up the value of these things, and to determine your net worth you’ll need to subtract your debts from your assets. Determining your net worth is an important part of estate planning, and sounds overwhelming, but it […]

What is Probate?

January 17, 2017
Wills

Whether a loved one dies with a Will leaving money or property to beneficiaries, or if they die without a Will (“intestate”), an Estate must be opened to transfer their money and property to their beneficiaries or heirs. Dealing with the process for administering, or “probating”, the Estate can be overwhelming and intimidating, and the […]

Is a Will Public Information?

December 14, 2016
Wills

If you are beginning the process of planning your Will, you may be curious who will be able to access it. Wills often contain sensitive or delicate information, so you may be concerned that your family or others can see who is getting what. While the contents of a Will can be kept private during […]

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