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Annapolis Estate Planning Attorneys

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Managing a Home in an Estate

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  If you are the executor or the trustee of an estate that includes a home, as the fiduciary it is your responsibility to make sure the home is maintained and protected during the administration of the estate. Below are several items that you will need to address: Review all insurance policies with the insurance agent to see that the real estate is protected from fire, vandalism and even … [Read more...] about Managing a Home in an Estate

Continuing Care Retirement Communities

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Continuing Care Retirement Communities (CCRC) are a unique option when it comes to long term care.  When considering this option you will want to be familiar with how they work. CCRC’s provide an alternative to other long term care options. Typically residents pay a large entrance deposit, generally between $100,000 and $300,000 and upwards of $1 million. This large deposit buys the resident a … [Read more...] about Continuing Care Retirement Communities

What are the Duties of the Personal Representative of an Estate?

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  You've been appointed as the Personal Representative of an estate. Maybe you've hired an attorney to assist with the settlement of the estate or perhaps you're handling everything on your own. Either way, you will need to sort through the decedent's affairs in a prompt manner.  Once you receive papers from the court stating you are authorized to act on behalf of the estate, you can proceed with … [Read more...] about What are the Duties of the Personal Representative of an Estate?

End-of-Life Planning: Estate Planning At Its Core

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  As estate planning attorneys perhaps the most important thing we do for clients is help them face their own mortality and make decisions regarding end-of-life care. A recent article in the New York Times examined this topic. The article explained how decisions regarding end-of-life care can be emotionally (and politically) charged. We do clients a great service by helping them address these … [Read more...] about End-of-Life Planning: Estate Planning At Its Core

Gifting Strategies to Consider

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  If you are fortunate enough to have extra funds that you will not need during your lifetime, a strategy for gifting is something to consider. The easiest and most straightforward way to gift is to give money directly to the recipient.  You can give up to $14,000 per year per person without having to file a gift tax return.  You can give more than that but it will require the filing of a gift … [Read more...] about Gifting Strategies to Consider

Medicaid Eligibility Rules in Maryland

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  It is important to remember the Maryland Medical Assistance, or Medicaid Eligibility Rules when thinking about planning for long term care.  In order to qualify for Medicaid, a single person can have no more that $2500 in countable assets.  At first glance, this number is alarmingly low.  You may be asking, how can anyone ever qualify with such a low figure?  That is where Medicaid planning … [Read more...] about Medicaid Eligibility Rules in Maryland

Bowie Comfort Inn and Edgewater Historic London Town Gardens seminars rescheduled due to snow storm

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  Both the Bowie and Edgewater Estate Planning Seminars for this week have been rescheduled due to impending snow storm.  The Bowie Comfort Inn seminar has been rescheduled to Thursday, March 12th at 7 p.m. and the Historic London Town Gardens and Pavilion in Edgewater seminar has been reset for Friday, March 13th at 10 a.m.  All those that were to attend have been notified.  We will continue to … [Read more...] about Bowie Comfort Inn and Edgewater Historic London Town Gardens seminars rescheduled due to snow storm

Determining Who Will Serve as Trustee of Your Revocable Living Trust

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  Determining who will serve as trustee of your Revocable Living Trust when you cannot act is an important decision that should be carefully considered.  Many of my clients have established revocable living trusts for various reasons.  Some choose to use a trust because there are significant assets in their estate, while others want to ensure their beneficiaries inheritance is structured in a … [Read more...] about Determining Who Will Serve as Trustee of Your Revocable Living Trust

Naming a Beneficiary for Your Life Insurance Policy

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  If you buy life insurance for your family or are offered free life insurance with your company as an employee benefit, you will be asked to name a beneficiary.   The beneficiary is the person who will receive the money upon your death.  When you fill out the paperwork, you might not give this much thought.  You may automatically write down your spouse or your children.   It is worth taking some … [Read more...] about Naming a Beneficiary for Your Life Insurance Policy