5 Reasons You Need an Estate Plan Even If You Don’t Have Many Assets

Estate planning is not just for the ultra-wealthy - everybody needs one! Irrespective of your financial status and family dynamics, you will benefit by having an estate plan. An estate plan can not only protect your assets after you pass away but also during your lifetime in case something happens to you. Let's look at the reasons why you need an estate plan even if you don't have many assets.      Protection Read More

What to Do If You’re in a Car Accident

A car accident can occur anytime, causing serious injuries and damage to your car and other property. Most accidents are unforeseeable, and it is often up to you to maintain acceptable driving standards to prevent any unnecessary incidents. Unfortunately, mistakes do happen every once in a while, so it is important to know how to respond when that time comes. Here is a brief guide on what to do if you are involved in Read More

What Are the Child’s Best Interests, Anyway?

Child support and a child’s best interests go hand in hand. Today, child support decisions focus on a judge’s interpretation of the child’s best interests and financial information of both parents.  It is often frightening for parents to think that someone who knows very little about them (in the form of a judge) now has the power to decide an important part of their future and that of their children. However, while Read More

Estate Planning in Your Pajamas!

Estate planning? Who has time for that? You have a job, you go to school, you've got kids, there’s soccer practice and dance classes, you work with the church, the dog needs walking, and oh yeah, you might want a little bit of a social life. So with all that going on who really does have time to think about the future and plan for their loved ones? In working with a lot of clients who are younger, who just bought Read More

4 Lies You Probably Believe About Prenuptial Agreements

One of the most common legal actions taken before marriage is signing a prenuptial agreement, which typically defines the financial and property rights of each spouse in case of a divorce. Unfortunately, prenups have amassed a terrible reputation over the last few decades. Commonly associated with the rich and wealthy, prenuptial agreements are usually seen as a lack of trust between marrying couples. This has Read More

#1 Reason for Using a Revocable Living Trust

Clients often ask whether or not they need a Revocable Living Trust (RLT) or if a Will is sufficient for their estate planning needs. While there are several benefits to having an RLT, there is one primary factual reason to have an RLT beyond just the benefits it provides. That is, do you own real property in more than one state? This happens all the time here in Maryland when the client owns a home here Read More

Maryland Elder Law: Understanding the Difference Between Medicare and Medicaid

The issue of healthcare has been a thorn in the back of American taxpayers for a long time. The United States spends a staggering $10,348 per person on healthcare, amounting to about 18% of its GDP. This is far more than any other country on the planet. In fact, it is 8 percentage points clear of the average of the industrialized members of the Organization for Economic Co-Operation and Development. The good news Read More

3 Lesser Known Maryland Trusts (And Why You Might Need Them)

What do you do when you have some assets you want to leave to your children or grandchildren, but still need to protect them against interference from third parties? You create a trust. In fact, trusts are established precisely to provide legal protection for a trustor's assets, as well as to ensure that those assets are distributed as per the trustor's wishes. With so many different types of trusts out there, it is Read More

Maryland Family Law: The Factors Maryland Courts Consider When Determining Child Support Amounts

Since 1990, Maryland courts have been required to use Child Support Guidelines in all cases involving children. These guidelines suggest a certain amount that should be paid to meet the cost of raising the children of the divorced parents. Let’s explore these factors:   Both parents' actual monthly income   To determine how much child support should be paid, the court must first evaluate each parent's Read More

Failed Plans: Avoid These 3 Common Estate Planning Mistakes

Thinking about your mortality can evoke uncomfortable feelings, but it is something everyone has to come to terms with eventually. You have to be able to ask yourself the hard questions, like: Who will take control of your property and assets once you are gone? Will your family stay united whatever the outcome, and how will your legacy continue? These are important decisions to make and requires careful thought Read More