Removing a Trustee Due to Incapacity
A trustee plays a critical role in managing a trust. However, if they become incapacitated, prompt action is necessary to protect the trust’s assets and beneficiaries.
Use Estate Planning to Prepare for Cognitive Decline – Annapolis and Towson Estate Planning
Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.
How Does Guardianship Work? – Annapolis and Towson Planning
If you haven't had any experience with guardianship for adults with dementia, it's likely you don't understand just how complex it is. You are not alone.
What are Alternatives to Guardianship? – Annapolis and Towson Estate Planning
We all want to protect vulnerable people from harm. However, taking away all their rights usually isn’t the place to start. Instead, there are several less severe options that could be the right way to go.
What Should I Know about Guardianships? – Annapolis and Towson Estate Planning
Guardianships – also referred to as conservatorships – are drastic and invasive.
What Sparks the Contesting of a Will? – Annapolis and Towson Estate Planning
Some people draft wills or trusts to ensure that the loved ones they will eventually leave behind own a piece of the properties the former will be leaving behind in case of their death.
Any Ideas How to Pay for Long-Term Care? – Annapolis and Towson Estate Planning
The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.
Aging Parents and Blended Families Create Estate Planning Challenges – Annapolis and Towson Estate Planning
We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.
Elder Financial Abuse Fraud Occurs, When No One’s Watching – Annapolis and Towson Estate Planning
Take, for example, the sad and sordid tax case of Mary Ellen Cranmer Nice vs. United States of America, which would not have existed if an attentive financial advisor hadn't noticed the large IRA distributions that were allegedly stolen right from under a matriarch’s nose.
When Should You Have ‘The Talk’ with Your Kids? – Annapolis and Towson Estate Planning
An immature or troubled child could try to misuse your money or goad you into handing over assets you might need later. Complicated family dynamics, or just your desire for privacy, may make you hesitant to open up.