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Does a Verbal Will Hold Up in Maryland?
Far too many people make the mistake of putting off estate planning and writing a will. This can end with someone on a deathbed attempting to communicate verbally their final wishes for distributing their wealth or naming a guardian for their minor children.
August 1, 2022
Quick and Easy Nutritious Food Options to Help Your Senior Loved One Eat Better
Many family caregivers become frustrated by the lack of proper nutrition in a senior loved one’s diet. Meal planning can be very time-consuming.
July 29, 2022
What Are Qualified Education Expenses Under a 529 Plan?
Since the laws have changed to allow a grandparent to fund a 529 plan for education expenses without it negatively impacting the student’s ability to qualify for federal financial aid, many grandparents are seriously considering this gifting option. Many still wonder about the flexibility of the plan and what it can actually be used to buy.
July 27, 2022
Protecting Digital Assets in Your Business Succession Plan and Personal Estate Plan
Digital assets are often overlooked during the inventory phase of creating business succession plans and personal estate plans. Many digital assets can be quite valuable and need to be properly identified and protected.
July 25, 2022
Managing Psychiatric Symptoms in Dementia Patients
Caregivers, whether paid or family members, who deal with seniors experiencing dementia related symptoms often wonder how to best manage psychiatric symptoms such as paranoia, hallucinations and delusions. Many psychiatrists advise that trying to argue or rationally explain the incidences is not the best approach.
July 22, 2022
Estate Planning When Difficult or Estranged Family Members are Involved
Estate planning can be complicated for harmonious families but can be especially difficult when there are family members who suffer from addictions, cannot properly manage money or are estranged from the family altogether. With the rise of drug addictions in the United States, this scenario is becoming increasingly and alarmingly common.
July 20, 2022
Determining if Your Estate is a Regular Estate or Small Estate Under Maryland Law
Maryland law divides probate estates into two types – small estates and regular estates. You must first determine which one fits your situation to know which steps to take next in the probate process.
July 18, 2022
Grandparents and 529 Plans – What You Need to Know
Many grandparents look for ways to transition wealth to younger generations in a manner that helps out the families. Working parents may be struggling to pay the soaring tuition rates and one way grandparents can contribute is to set up 529 college plans for their grandchildren.
July 13, 2022
Art Therapy for Seniors
Art therapy uses various types of creative arts to help seniors cope with stress. While there are professional art therapists, taking regular art classes and engaging in independent creative activities produce similar benefits.
July 11, 2022
Flexibility is Key When Using Common Pot Trusts
Many parents creating their estate plan may look for ways to adequately provide for their minor children if they pass away. One strategy is to create a common pot trust which allows you to pool certain assets that can be used for the benefit of multiple beneficiaries.
July 8, 2022
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