What is a Lady Bird Deed?

A "Lady Bird deed" (also known as an enhanced life estate deed) is a way to transfer property to someone else outside of probate while retaining a life estate in the property. In Maryland, there are two options for this...

Published On: Friday, September 21, 2018

How to Transfer Wealth Using GRATs (Grantor Retained Annuity Trusts)

A low-risk tool to transfer wealth and help mitigate taxation is called a Grantor Retained Annuity Trust (GRAT). GRATs have several advantages: -they can eliminate gift tax liability on transfers to family members -they have minimal legal and administrative costs...

Published On: Thursday, September 20, 2018

Who Has Standing to Contest a Will in Maryland?

It is well-known that a Last Will and Testament can be contested, primarily for reasons such as forgery, fraud or undue influence. In Maryland, these hearings are referred to as “caveat proceedings” and are handled by the Orphans’ court, or...

Published On: Wednesday, September 19, 2018

Upcoming Workshop September 26th at 10am

Our workshops are designed to be educational, interactive, informative and generate relevant discussion for attendees. Modern Estate Planning is more than just preparing a will and putting it in a safe. Find out how a comprehensive Estate Plan will protect...

Published On: Tuesday, September 18, 2018

What is a Spendthrift Provision?

A "spendthrift provision" is a clause in a Trust or a Will that protects a beneficiary against a creditor attaching prior debts against the beneficiary's inheritance as well as preventing the beneficiary from acquiring debt based on the future inheritance....

Published On: Monday, September 17, 2018

Tips on Pre-Planning Your Funeral

A funeral can be a major expense, so it is good idea to have a plan for how your loved ones will pay for yours. Keep in mind that your money may not be immediately accessible to your loved ones...

Published On: Friday, September 14, 2018

Aging in Place with Continuing Care Retirement Communities (CCRCs)

Continuing Care Retirement Communities (CCRCs) are springing up all over the country because they meet a very big need for the aging population. Maryland has many of these communities throughout the state. They provide a way for seniors to “age...

Published On: Thursday, September 13, 2018

What is the Difference Between Hospice and Palliative Care?

The main distinction between hospice and palliative care is the presence of a terminal illness. Hospice is a holistic, patient-centered, team-based protocol that provides comfort while seeking methods to enhance quality of life for the time the patient has left...

Published On: Wednesday, September 12, 2018

Upcoming Workshop September 20th at 6pm

Our workshops are designed to be educational, interactive, informative and generate relevant discussion for attendees. Modern Estate Planning is more than just preparing a will and putting it in a safe. Find out how a comprehensive Estate Plan will protect...

Published On: Tuesday, September 11, 2018

More Telehealth Options Thanks to the CHRONIC Care Act of 2018

In February 2018, the Creating High-Quality Results and Outcomes Necessary to Improve Chronic (CHRONIC) Care Act was passed by Congress and signed by President Trump. This act will provide many more options for seniors on Medicare who need in-home patient...

Published On: Monday, September 10, 2018

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