“𝗜 𝘀𝗲𝘁 𝘂𝗽 𝗮 𝗥𝗲𝘃𝗼𝗰𝗮𝗯𝗹𝗲 𝗟𝗶𝘃𝗶𝗻𝗴 𝗧𝗿𝘂𝘀𝘁. 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝘄𝗶𝗹𝗹 𝗮𝘃𝗼𝗶𝗱 𝗣𝗿𝗼𝗯𝗮𝘁𝗲 𝗻𝗼𝘄, 𝗿𝗶𝗴𝗵𝘁?”

Aug 1, 2023 | Estate Planning

No! Once the Trust is established, you must be sure it is properly funded to ensure that you do not subject your loved ones to Probate. Sometimes, our clients express hesitation about creating the Trust based on their circumstances. For example, some of our clients...

“All of my accounts have beneficiaries – why do I need anything more than that?”

Jul 28, 2023 | Estate Planning

Our first response to this question is by asking our Clients a different question: Do you ever drive in the same car as your loved ones?  If this is your current situation, you have certainly put yourself in a better position than most people.  As we tell our clients,...

Special Needs Trust

Jul 21, 2023 | Estate Planning

“Hello! We would like to create a Special Needs Trust for our granddaughter who has Autism. Is this something you could help us create?” We receive this question often.  Attorney Clark recently gave a presentation at the Maryland School for the Deaf on this exact...

“What is better, a Will or a Trust?”

Jul 18, 2023 | Estate Planning

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐚 𝐜𝐨𝐦𝐦𝐨𝐧 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐰𝐞 𝐠𝐞𝐭. 𝐖𝐡𝐢𝐥𝐞 𝐦𝐨𝐬𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐞𝐲 𝐧𝐞𝐞𝐝 𝐚 𝐖𝐢𝐥𝐥, 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐮𝐧𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫 𝐰𝐢𝐭𝐡 𝐑𝐞𝐯𝐨𝐜𝐚𝐛𝐥𝐞 𝐓𝐫𝐮𝐬𝐭𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐟𝐨𝐫 𝐦𝐚𝐧𝐲 𝐩𝐞𝐨𝐩𝐥𝐞, 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐨𝐩𝐭𝐢𝐨𝐧 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐭𝐡𝐞𝐦 𝐦𝐚𝐧𝐚𝐠𝐞 𝐭𝐡𝐞𝐢𝐫 𝐚𝐟𝐟𝐚𝐢𝐫𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐩𝐞𝐚𝐜𝐞 𝐨𝐟 𝐦𝐢𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞𝐦𝐬𝐞𝐥𝐯𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐥𝐨𝐯𝐞𝐝...

“We want to make sure our children are both involved in the decision- making process. Can we give them co-responsibilities?”

Jul 14, 2023 | Estate Planning

“We want to make sure our children are both involved in the decision-making process. Can we give them co-responsibilities?” We strongly encourage our clients to name one individual decision-maker for their Wills, Trusts, Powers of Attorney, etc. Even when our clients...

𝐖𝐡𝐲 𝐢𝐬 𝐦𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐀𝐭𝐭𝐨𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲, 𝐰𝐡𝐞𝐧 𝐈 𝐨𝐧𝐥𝐲 𝐰𝐚𝐧𝐭 𝐢𝐭 𝐭𝐨 𝐛𝐞 𝐮𝐬𝐞𝐝 𝐰𝐡𝐞𝐧 𝐈’𝐦 𝐢𝐧𝐜𝐚𝐩𝐚𝐜𝐢𝐭𝐚𝐭𝐞𝐝?

Jul 11, 2023 | Estate Planning

This is an excellent question raised by many of our former clients. Allow us to begin by explaining the purpose of a Financial Power of Attorney, and how it fits into your Estate Plan. When you lose mental capacity, you also lose the ability to make important...