It is important to know the power of attorney Maryland rules to ensure that you can make a comprehensive incapacity plan. Asset protection is a key part of your incapacity plan, and an experienced Annapolis attorney can provide you with help on making effective use of a power of attorney (POA) and other asset protection tools. When you create a power of attorney, you need to follow the … [Read more...] about Maryland Power of Attorney Rules
"Documents Your Child Needs to Have When They Turn 18" by Attorney Laura Curry When your child turns the age of eighteen, he or she is now entitled to certain privacy considerations and you will no longer have the same level of access to financial and medical information that you once had. At a minimum, you should discuss with your child that they should have two important Power of Attorney … [Read more...] about Documents Your Child Needs to Have When They Turn 18
"End-of-Life Planning: Estate Planning at its Core" by Attorney Colleen Sinclair Prosser (Audio) As estate planning attorneys, we do many things for clients, including: Helping clients plan for their disability by assigning an agent who will manage their assets and care for them when they are unable to do so themselves Provide guidance on what will happen with their worldly belongings … [Read more...] about End-of-Life Planning: Estate Planning at its Core
"Downsides to Guardianship" by Attorney Alexander Pagnotta Guardianship could become necessary under circumstances where a person becomes incapacitated and has made no advance plans regarding who will manage their affairs. Guardianship or conservatorships are formal legal processes that establish an officially-recognized relationship between an incapacitated person (a ward) and his guardian or … [Read more...] about Downsides to Guardianship
Selecting an Agent by Attorney Laura T. Curry (Audio) Agents are arguably the most important people in our legal lives. They step in and make decisions for you when you are unable to act for yourself. They make financial decisions for you under a Financial Power of Attorney and make medical decisions for you when you aren’t able to act for yourself under a Healthcare Power of … [Read more...] about Selecting an Agent
"Incapacity Planning" by Attorney Alexander M. Pagnotta (Audio) We don’t expect to become incapacitated. Nobody wants to be unable to manage their affairs. But, each year countless people become unable to manage them. For some, it’s a temporary illness or injury which removes their ability to function, such as a medical procedure. Others become unable to manage their own affairs due to … [Read more...] about Incapacity Planning
"What Happens If You Don't Have a Power of Attorney?" by Attorney Nicole Livingston (Audio) An qualified estate planning attorney can help you to create a legally valid power of attorney as part of a comprehensive incapacity plan. Making a power of attorney is important to protect yourself in case you develop a serious illness or suffer an emergency injury and you are not able to make your own … [Read more...] about What Happens if You Don’t Have a Power of Attorney?
"Top Considerations when choosing an agent for a Power of Attorney" by Attorney Nicole Livingston An power of attorney lawyer can help you to make a legally valid power of attorney in case you become incapacitated and need someone to act on your behalf. A power of attorney is a powerful legal tool that you can use to protect yourself and your assets in case the worst happens. You want to make a … [Read more...] about Top Considerations When Choosing an Agent for Power of Attorney
A durable power of attorney is a vital legal tool that you should use if you want to make a plan in case of incapacity. Suffering an incapacitating illness or injury could leave you without the ability to express your wishes on medical care and unable to manage your assets or make any of your own decisions. This could result in your family fighting over your care and could leave a family member … [Read more...] about How to Create a Durable Power of Attorney
For many young adults, the consequences of not having an estate plan in place can be dire. Estate planning is not only tax and probate avoidance, but it is planning for lifetime and incapacity as well. One tragic case that many people are familiar with is that of Terry Schiavo. Terry Schiavo was a persistent vegetative state for 15 years. During the course of that 15 years, her husband … [Read more...] about Is Estate Planning Important for Young Adults?