What you want to know. Concise, Clear Explanations Adopted Children. The general rule is that adopted children, from the time of adoption, lose all rights to inherit from their birth or biological parents. At the same time, adopted children acquire the right to inherit from their adoptive parents. Adoptive parents also have the right to … Read moreMaryland Inheritance Rights of Adopted and Step-Children
You do not have to pay the Maryland Inheritance Tax if your relationship to the decedent is: spouse, parent, step-parent, grandparent, child (biological, adopted or step), grandchild or any lineal descendant, i.e. any descendant in the direct line, stepparent or stepchild, brother or sister, or a corporation if all stockholders consist of only the above … Read moreLiability for Inheritance Taxes in Maryland
Bankruptcy will help improve your credit if it is already bad. Bankruptcy does not reduce your credit score as much as does being 90 days late on a payment. If you are deep in debt and struggling to pay, your income-to-debt ratio is probably so bad that no-one would extend you credit anyway. If you … Read moreHow will filing bankruptcy effect my credit?
What is the cost of not knowing what you don’t know? Volume bankruptcy lawyers don’t take the time to provide a thorough personalized experience to help you maximize the benefits of filing bankruptcy or to understand how you came to be in financial difficulty and consider other options. You may never know … The out … Read moreHow much does it cost to file for Chapter 7 bankruptcy?
What is Guardianship? Guardianship refers to the authority granted to a person by the Court to take care of a disabled person’s person and / or property. If a family member or someone in need is unable to manage his or her affairs due to frailty, long-term illness, disability or mental incompetency, you can petition … Read moreWhat is Guardianship?
Considering a deed change? Consider a life estate deed. Thinking about adding or removing a spouse or child’s name to your deed? Adding a name is often not as simple a matter as you may think. Did you know that the kind of deed you sign can determine whether the real property is protected or not … Read more10 Reasons For A Deed Change
By Rob Goldman, J.D. and Amy Ding, M.D. Many parents frequently make sacrifices for their children. The focus of this article is not the typical sacrifices parents make for their children but rather on the situations where adult children look to their parents, in particular older parents, for financial assistance or try to dump their … Read moreParent Abuse & Sacrifices Parents Make for their Children
Do any of the following situations apply to you? When I reach age 65 I will automatically be eligible to receive Medicaid benefits. I don’t need a Power-of-Attorney because I put my daughter’s name on my accounts? I don’t need a Will because I don’t have much. I can gift up to $14,000 a year … Read moreElder Law Misconceptions
Do not listen to what the nursing home office tells you! In many cases, the family home is or can be protected. Experience has shown that nursing home business office managers and Medicaid assistants do not understand key aspects of the Medicaid laws. You could end up paying a whole lot of money to the nursing … Read moreDo I need to sign over my house and savings to pay for the nursing home cost of care?
You should always review a proposed Nursing Home Contract with an Elder Law Lawyer before signing or providing significant financial information to the nursing home. While most people prefer not to enter or place a loved one in a nursing home, there are times when, despite one’s best intentions, one has no alternative. Because nursing … Read moreShould I sign a nursing home contract?