A comprehensive estate plan transfers assets from one owner to chosen beneficiaries while also minimizing administration expenses and tax liabilities. A category of assets that can be included in an estate plan is intellectual property interests.
Whether it happens unexpectedly or after a long illness, facing the death of a loved one can be a painful experience. Everyone grieves differently which makes those wanting to help often at a loss of the best manner to go about offering that help.
While this year’s Alzheimer’s Association International Conference (AAIC) was held virtually due to Covid-19, it was still full of information. With over 3,100 presentations and attendees signing in from over 100 countries, the turnout was remarkable.
In Maryland we cheer for the Ravens, Orioles and Terrapins, but regardless of team or sport, professional athletes have a unique set of circumstances that require customized estate planning strategies. Some of the key issues professional athletes face include:
Data compiled by the Centers for Medicare and Medicaid Services show that more than 130,000 nursing home residents have died of Covid-19. Additionally, more than 2,000 nursing home staff died of this virus as well. Once the vaccines were approved and rolled out, there was a significant decline in Covid cases both in and out of nursing homes.
A special needs trust (SNT) is a unique type of trust document that manages assets for a person with disabilities. A trustee will oversee the assets and make financial decisions according to the terms in the trust.
Respite care is substitute care when a caregiver needs a break. If possible, these breaks should be scheduled regularly, giving the caregiver time to rest. It can be for a short period like a day or a few hours or for the purpose of giving the caregiver a vacation.
Addiction not only impacts the person suffering from the addiction but the entire family. Unfortunately, in Maryland the statistics involving drug use and death due to overdose are getting worse not better.
Studies now substantiate the claim that adults with hearing loss are significantly more likely to develop dementia than those with hearing in normal ranges. On a positive note, treating hearing loss at the earliest onset and with more aggressive measures may stave off dementia.
After someone passes away, the court will appoint a person to administer the estate through the probate process. This person was most often selected by the decedent to serve by naming him or her as executor or personal representative in the will.
