Trusts and Incapacitation
Beyond the preparation of a will, most Maryland residents never consider the importance of planning their estates.
Beyond the preparation of a will, most Maryland residents never consider the importance of planning their estates.
Elder law deals with the legal, financial and health needs of senior citizens. The country's average age is advancing all the time, and now even baby-boomers are dealing with health issues and legal concerns they had not anticipated.
Q: What is a will?
A: A will is a written legal document with instructions for distributing an individual's assets after his or her death.
An important goal of estate planning is to protect income and assets from creditors' claims and tax collection. While many people think asset protection involves shady or dishonest techniques, there are many ways to protect financial reserves, personal property, real estate and other assets for retirement or for future generations.
A will is a document that tells a person's family or heirs and the courts on how to distribute his or her money and property. A will is a basic estate planning tool, and a current and valid will is the best way to make sure your property is distributed according to your wishes and your family is taken care of after you're gone.