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Divorce isn’t a decision that should be taken lightly, but it is often in the best interests of all parties. It is a sensitive topic, which makes telling your spouse that you want a divorce very difficult. Nonetheless, with the right timing and approach, you can...
Creating an estate plan represents a significant step in securing your financial future and ensuring your wishes are respected. However, an estate plan is not something you should set and forget. Life changes, and so should your estate plan. Regular updates ensure...
Some financial accounts can be converted into payable-on-death accounts or POD accounts. Typically, you just have to fill out paperwork and name a beneficiary to officially set up the account as a POD account. As we have recently discussed, this is one way to help...
You and your spouse should be on the same page when choosing someone who will raise your minor child if anything happens to you. You may have differing opinions about who you believe is the most suitable party or how to handle the subject as a whole. Such...
The question of where to live during and after your divorce case is finalized can result in major impacts on your emotional well-being, financial stability and the broader terms of your eventual divorce settlement. Whether you remain in your marital home or move...
How would you want to be cared for if you could not care for yourself? This is a major consideration that you may need to make as you draft your estate plan. If you suffer from a traumatic injury or debilitating medical condition, you can use an advance directive to...
We have recently discussed how divorce may not be a negative event for children in the way that some parents assume. If those parents are in a high-conflict marriage, the divorce may actually be better for the children by putting an end to this stressful living...
Many believe keeping their money and valuables in the home is a safe and convenient option. However, this practice can pose significant risks, especially from an estate planning perspective. Understanding these risks and considering safer alternatives like a will or...
Increasingly, long-term, happily committed couples are choosing not to let the law define their relationship. What’s important to remember, however, is that if you aren’t married or registered as domestic partners (which is still an option here in Maryland), you don’t...
Creating a will is the first step to ensuring your assets are distributed to your loved ones according to your final wishes. And TV shows and movies would have us believe that your heirs receive their inheritance as soon as your will is read. However, it could take...