Category Archives: Estate Planning
Estate Taxes and Inheritance Taxes in Maryland
There are plenty of reasons to love Maryland. Its weather lasts long enough in each season for you to enjoy them but not for the weather to become tiresome; we get enough snowfalls to allow for a few snowy selfies, but not enough that you feel you are enduring month after month of dreary… Read More »
An Old Year’s Resolution for Your Estate Plan
The fact that you are thinking about your estate plan can make you feel old, but not nearly as old as you feel when you tell your younger coworkers or family members that you have made a New Year’s Resolution. Young people are so used to uncertainty that they are incredulous that an adult… Read More »
What To Know About Whole Life Insurance
Estate planning often begins with wishful thinking. You look at the websites of financial planners who advise seniors on their finances, and you daydream about all the knee replacement-friendly hiking trips you can take and all the affordable 55+ communities where you might buy a modestly sized house. Once you get to the stage… Read More »
Back to School Estate Planning
Once the school year starts, the feeling is anticlimactic, and you don’t know what to do with all this free time. Take a few moments, before the major school assignments start coming due, and work on your estate plan. Planning for the worst helps you stop sweating the small stuff, at least temporarily. If… Read More »
Getting Through Probate Painlessly
No one wants a messy probate case, but chances are that you will not have to deal with one. Almost anyone who is wealthy enough that their estate would have to pay taxes can afford to appoint a lawyer as personal representative of their estate; you don’t stay wealthy until you die unless you… Read More »
Are Pet Trusts Necessary?
Your estate plan shows how much you care, even if you do not have a lot of property to leave to the beneficiaries of your estate. Simply by writing a medical advance directive indicating your wishes about medical treatment during your final illness, you are saving your family untold amounts of stress. If you… Read More »
In Terrorem Clauses in Maryland Wills
Except for what goes on in criminal courts, legal proceedings do not generally make good television or good plot-driven fiction. Unless you are exceptionally long in the tooth and longer in the attention span, you have probably not read Bleak House by Charles Dickens; it is the only fictional representation of a probate court… Read More »
The Senior Mortgage Borrower
By now, the word has gotten around that young people cannot afford to qualify for a home mortgage and buy a home. Their only hope for doing this is their parents, who can leverage their cash savings or, if necessary, their home equity, to provide money for a down payment, or else leverage their… Read More »
Long-Term Care Reality Check
You might think that your estate plan adequately accounts for long-term care insurance, but you probably have an unrealistic view of how much you have to pay. According to a recent report on the CNBC Personal Finance website, 57 percent of the people who retired in 2024 will eventually need to spend more than… Read More »
Your Fabulous First Year of Retirement
In less catastrophic times, estate planning lawyers used to tell their clients to follow the four percent rule. They said that you can expect 25 years of retirement, and if you only spend four percent of your retirement savings per year, you will have enough to last the rest of your life. More recently,… Read More »
