Category Archives: Estate Planning
Skilled Nursing Facilities and Your Maryland Estate Plan
If you have never had to think about the differences among a nursing home, an assisted living facility, a memory care facility, a skilled nursing facility, and hospice care, consider yourself lucky. It means that you are young enough and healthy enough not to have suffered a medical issue where the best-case scenario is… Read More »
The Estate Plan Backup Plan
Wishes are an effective way to start a long-term project. Watch any episode of Shark Tank or any documentary about a successful artist or innovator, and you will hear stories of how someone wished to follow the example of a particular extraordinary person or wished to invent something that did not yet exist but… Read More »
How Much Does It Cost to Retire in Maryland?
A lot of things lose their mystique as you age. When you were a child, and you saw a pint of ice cream in the supermarket, having enough money to buy the pint of ice cream and no one to stop you from eating it in one sitting seemed like the coolest thing in… Read More »
Seniors Need a Plan for Dealing With the Maryland Winter
Early career professionals, as well as older folks in truly high-powered jobs, tend to come and go from the Washington, D.C. area with every change of presidential administration, but those of us who have lived here since our college days, or even longer, consider it home. The idea of retiring somewhere that is more… Read More »
Estate Planning With an Abundance Mindset
The estate planning advice that is most visible to Google is geared toward people who are much wealthier than you will ever be. The amount of money you would have to give away before maxing out your annual gift tax exclusion eligibility, and the amount of money that would still have to be in… Read More »
Life in an Alzheimer’s Disease Hot Zone
Retiring to Florida is not for everyone. No matter the season, it is obvious that Maryland is home. The beach isn’t far away, but neither is the Kennedy Center. A hurricane or tropical storm comes our way approximately once per decade, whereas in Florida, people are boarding up their windows and evacuating from multiple… Read More »
How Much Care Do You Get in a Maryland Nursing Home?
Building your estate plan means acknowledging the possibility that you may one day require residential care in a nursing home. Nursing homes are designed to provide care for people who require help with two or more of the activities of daily living, namely eating, mobility, dressing, bathing, using the toilet, and personal care such… Read More »
Is a Second Act Career Right for You?
Most jobs do not have a mandatory retirement age, which means that, if you are lucky enough to have enough job stability that you do not lie awake at night and worry about whether your job will still be around next year, you spend your nights doing mental calculations to figure out how your… Read More »
It Isn’t the End of the World If Your Surviving Family Members Have to Declutter Your House
Decluttering is a lot of work, even if you are in the mood for it and are keen to receive the reward for doing it, such as a house that looks tidy or having less stuff to pack when you move. It is very hard to motivate yourself to declutter simply because you have… Read More »
No, Medicaid Is Not the Only Way You Can Afford Long-Term Care
It is scary to think about old age and death, but it is even scarier to think about the financial future that most American consumers, including many with salaried jobs, can face. You might despair of ever saving enough money for retirement to sustain you through 20 or 30 years of retired life, especially… Read More »
