Creating an End-of-Life Checklist – Annapolis and Towson Estate Planning
An End-of-Life Checklist can avoid any confusion or questions that may arise among different family members.
Planning for Long-Term Care Before It’s Too Late – Annapolis and Towson Estate Planning
A strong long-term care plan spells out where you would like to live, how you plan to get around, and who will oversee your financial and health decisions when you’re incapacitated.
What Should I Know about the Secure Act of 2019 and IRAs? – Annapolis and Towson Estate Planning
The Secure Act of 2019 eliminated many of the advantages the so-called stretch IRA offered heirs.
What Happens If I Don’t Have an Estate Plan? – Annapolis and Towson Estate Planning
Estate planning attorneys will agree that it is better to die with a properly drafted will, than to die without one. If you don’t have one, consider getting one.
Why Would I Need a Power of Attorney? – Annapolis and Towson Estate Planning
A power of attorney is a document that lets you appoint a person or an organization to handle the financial and medical decisions on your behalf, when you are not able to because of sickness or death. The person or the organization is called the attorney-in-fact or the agent. POA is given to someone whom you can trust with your life.
Be Aware of Probate – Annapolis and Towson Estate Planning
Whether you recently experienced the loss of a loved one or are learning how to best prepare and plan your own estate, you've likely come across the term and may be wondering, "What is probate?" It's important to understand what probate is and how the process works.
How is a Guardianship Determined? – Annapolis and Towson Estate Planning
Although various degrees of control may accompany a limited guardianship, our discussion here applies to a general guardianship, which includes full control of an individual’s person and property.
How Do I Plan for My Incapacity? – Annapolis and Towson Estate Planning
What would happen if you were mentally or physically unable to take care of yourself or your day-to-day affairs? You might not be able to make sound decisions about your health or finances. You could lose the ability to pay bills, write checks, make deposits, sell assets, or otherwise conduct your affairs. Unless you’re prepared, incapacity could devastate your family, exhaust your savings and undermine your financial, tax and estate planning strategies.
What Does an Estate Planning Attorney Really Do? – Annapolis and Towson Estate Planning
Estate planning is a systematic process, which involves getting your personal and financial goods for the time, if you pass away or become mentally ill. It is also known as last will, and almost everyone does this planning for their family.
Q & A – Medicaid for Nursing Home Care – Annapolis and Towson Estate Planning
To qualify, your monthly income must be less than the Medicaid rate for nursing home care, plus your typical monthly healthcare expenses.