What is a Revocable Living Trust?
A revocable living trust is a flexible and commonly used estate planning tool that allows you to manage your assets during your lifetime and specify how they should be distributed …
Estate Planning FAQ’s
What is Trust Adminstration?
Trust administration in Maryland refers to the process of managing and distributing the assets held in a trust according to the terms set out in the trust document. This process …
What is Estate Administration?
Estate administration in Maryland is the legal process of managing and distributing a deceased person’s estate according to their will or, if there is no will, according to Maryland’s intestacy …
What is Special Needs Planning?
Special needs planning is the process of preparing for the long-term financial and personal well-being of a person with a disability. This type of planning is essential to ensure that …
What is Disability Planning?
Disability planning in Maryland involves preparing for the possibility that an individual may become unable to manage their personal and financial affairs due to a physical or mental disability. This …
How can I Ensure my Minor Children are Cared for if Something Happens to Me?
Ensuring the care and well-being of minor children if something happens to you involves detailed and proactive estate planning. Here are crucial steps to take to make sure your children …
How Often Should I Review or Update My Estate Plan?
It’s important to review and update your estate plan regularly to ensure it accurately reflects your current wishes, financial situation, and family circumstances. Here are some general guidelines on when …
How can I Protect my Assets From Creditors or Lawsuits?
Protecting your assets from creditors or lawsuits involves implementing various legal strategies and planning techniques to shield your wealth from potential claims. Here are several ways to protect your assets: …
What is Asset Protection Planning?
Asset protection planning is the process of organizing and structuring your assets to protect them from potential risks such as lawsuits, creditors, and other financial liabilities. The goal of asset …
What is Probate?
The probate process in Maryland is the legal procedure through which a deceased person’s estate is administered, ensuring that debts are paid and assets are distributed according to the will, …