You may have watched your parents save for retirement for years. They paid off their home, put money aside and tried to prepare for the future. Then a health crisis happens, and you learn that nursing home care in Maryland can cost thousands of dollars each month. At...
Maryland Estate Planning Law Blog
Who is a surrogate decision maker for medical care in Maryland?
If your loved one cannot make medical decisions on their own and has not named a health care agent, Maryland law may allow another person to step in. A surrogate decision maker in Maryland can make certain treatment choices when no advance directive controls the...
Can your beneficiaries get your estate executor removed?
If this is the year you’ve committed to putting your estate plan in place, one of the most important decisions you’ll make is choosing your personal representative (commonly known as an executor). This is the person who will be in charge of administering your estate,...
Estate planning tips to safeguard your assets as a senior
Estate planning is one of the most important steps seniors can take to protect their assets, family and future wishes. While many people delay the process, having a clear estate plan can reduce confusion and stress for loved ones later in life. A well-prepared estate...
2 ways financial assets can skip probate
When you pass away, many of your assets are going to go through probate. But it is important to remember that not all of them are bound by this process. There are some assets that can skip probate entirely, often by transferring out of your possession upon your...
3 signs it may be time to review and update an estate plan
Maryland estate plans help protect dependent family members and create a legacy for people who die. They can also outline medical preferences and grant legal authority to other adults in emergency scenarios. Estate plans may retain their authority indefinitely, but...
Add a spendthrift trust to your estate plan
When doing your estate planning, you may come to realize that certain heirs may need more restrictions placed on their future inheritances. While spendthrift trusts won’t be needed by every estate planner, they can come in handy for heirs who struggle with money...
2 types of assets you must know for Medicaid planning in Maryland
You sit at your kitchen table, surrounded by your parent's financial documents, and wonder which assets will affect their Medicaid eligibility. This confusion is common when you navigate long-term care planning for your elderly loved ones. Hence, understanding how...
McDonald Law Firm acquires Frank, Frank & Scherr, LLC
Frank, Frank & Scherr, LLC has offered client-focused estate planning and elder law services for more than 30 years. The firm has many clients who rely on its lawyers for guidance when they create estate planning documents, revise their existing paperwork or act...
What makes a durable power of attorney distinct?
Every person creating an estate plan has different needs. They have the option of creating numerous documents based on their family circumstances and personal resources. People creating their estate plans also typically need to think about emergency scenarios where...
