How to Establish Power of Attorney for Medical Emergencies
Emergencies can strike without warning. When a person becomes too ill or injured to communicate or make decisions, having a power of attorney in place ensures someone trusted can step in to help. In Maryland, there are two separate power of attorney documents: one for health care decisions and one for financial matters. The health
Read MoreCreating a Living Trust in Maryland
People are increasingly turning to living trusts because of the flexibility of these estate planning tools. Also known as inter vivos trusts, a living trust permits you to place your assets in the trust while still controlling the property during your lifetime. The trust owns any assets placed in it. However, you can name yourself
Read MoreInheritance Tax in Maryland: How to Deal With It
Maryland is one of just two states imposing both an estate and inheritance tax. The other is nearby New Jersey. You do not have to worry about the latter tax if you inherit money from your spouse, parents, grandparents, siblings, or step parents. Property left to charity is also not subject to inheritance tax. However,
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