Blog

Understanding Revocable Living Trusts in Maryland

August 1, 2018
Trusts, Wills

Similar to a Will, a Revocable Living Trust (or “living trust”) is a legal document that controls what happens to someone’s assets when they pass away. However, there are a few key differences between Revocable Living Trusts and Wills in the State of Maryland. What is a Living Trust? A living trust is a legal […]

What Does an Estate Planner Do?

July 3, 2018
Estate Planning

Estate planning is an essential part of your financial life as you age. But what does an estate planner really help you with in regards to your end of life planning? Let’s take a look at what an estate planner really does and how their services can benefit you. What is an “Estate”? Your estate […]

Will My Children Inherit my Debts?

May 3, 2018
Uncategorized

The average American has over $175,000 in debt. If you’re a parent, the question of what happens to your debts once you pass away has probably crossed your mind more than once. Although generally your children will not be personally responsible for your debts, your estate or assets may be subject to those debts, and […]

Tips for Comparing Business Lawyers in Westminster, MD

April 10, 2018
Business Law

When you need the help of a professional, it’s smart to take some time and evaluate multiple options. This is especially true when it involves seeking out a business lawyer. When you open a business, there are plenty of things you will need to do that require the help of a business lawyer. Establishing a […]

3 Major Tasks in Estate Planning

March 12, 2018
Estate Planning

You might not think estate planning is something you need to do until you are older, but if you have family, a home, or any sort of savings, it’s an important plan to put in place in your adult life. Let’s go over the 3 most important tasks in estate planning: Task #1: Count Your […]

What’s the First Step to Starting a Business?

February 5, 2018
Business Law

Starting your own business may not be the easiest task, but its benefits and rewards can be well worth it once you are established. Let’s take a look at the first few steps to forming a business. Step #1 – Have an Idea The first step in any business plan is to define and establish […]

How to Set Up a Power of Attorney

January 4, 2018
Power of Attorney

A Power of Attorney is a designation given to someone who, with your permission, can make decisions for you. This is very helpful in the event you are ill or otherwise unable to make a decision or need help making future decisions. Setting up a Power of Attorney is an important part of any estate […]

What Kinds of Taxes are Applied to Estates?

December 4, 2017
Estate Planning

Estate planning can be a difficult process if you’re not well versed in the laws and regulations surrounding the passing of your property and assets after death. So with this in mind, let’s learn more about estate taxes in Maryland! What is Estate Tax? If the value of an estate exceeds a limit set by […]

3 Reasons to Draft a Will This Year

November 15, 2017
Wills

Drafting a will is crucial to planning for your future, and it can be a rather involved process. Let’s learn more about wills and why they are important to address sooner rather than later. Reason #1: Because death can be unexpected. The topic of death is a sensitive one to many people, and some of […]

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 […]

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