"What Should Be Part of Your Health Care Directive?" by Attorney Nicole Livingston Creating a health care directive is one of the best things that you can do for yourself and one of the most important things that you can do in order to try and protect your loved ones. You never know when a medical emergency will arise, as illness and injury can affect people young and old. If you suffer a … [Read more...] about What Should be a Part of Your Health Care Directive
If you are thinking about leaving money to someone who isn't very good with managing financial matters, you may wish to consider using a spendthrift trust. A spendthrift trust is a powerful tool that makes it possible for you to protect a loved one from himself. If you have worked hard to build a legacy that you are going to leave to your family members, you don't want someone's … [Read more...] about How Does a Spendthrift Trust Work?
The executor of a will has to do many different things during the probate process which are of great importance. When you are preparing your estate plan, you need to make certain that the person who you select to serve as executor of an estate is someone you can trust absolutely to serve your interests and to facilitate the fast and effective transfer of your assets to the people you … [Read more...] about Considerations When Choosing the Executor of a Will
"What if an Executor of a Will Makes a Mistake?" by Victor A. Lembo … [Read more...] about What if an Executor of a Will Makes a Mistake? (Audio)
As we work hard to build financial security and to leave a legacy, we do not want our estates to be subject to heavy taxation. However, Maryland may assess an inheritance tax when certain individuals inherit money or property after a death. Inheritance taxes are not common, and Maryland is one of just two states within the United States that collects both an inheritance tax and an estate … [Read more...] about Myths and Facts about the Maryland Inheritance Tax
In spite of good intentions when establishing your Living Trust estate plan, there are events that may occur between when you set up your plan and after your death when your wealth is distributed. For example, let’s say you left your assets “free of trust”, meaning outright in one lump sum, to your three children who are grown, responsible and able to take care of themselves. But shortly after … [Read more...] about Why Include Compelling Reasons in an Estate Plan?
"What is an Inter Vivos Trust?" by Attorney Jon J. Gasior … [Read more...] about What is an Inter Vivos Trust? (Audio)
It’s helpful if you can let doctors know in advance what you want to happen if you can’t speak for yourself. An advance Health Care Directive lays out who you want to speak for you and what kind of treatments you want. In this way, you are prepared before health care decisions need to be made. You can make an Advance Directive if you are 18 years or older and capable of making your own … [Read more...] about Concerned About Being Too Sick to Make Decisions
Medicaid eligibility is essential if you need nursing home care in the state of Maryland. In Maryland, the average annual cost of a semi-private room in a nursing home is $101,379. For a private room, you can expect to spend an average cost of around $110,230, according to the Genworth Financial 2015 Cost of Care Survey. Most insurance won't pay for this when you need care, so you could end up … [Read more...] about Why Mediciad Eligibility Matters If You Need Nursing Home Care