Understanding Life Estates: Benefits and Risks
By Craig Borne, Esq. What exactly is a Life Estate? A life estate is a legal arrangement where ownership of a property is divided between two parties for different time periods. The life
The Risks of DIY Estate Planning in Maryland
While many people put off creating their estate plan, some take a shortcut by trying to create their own wills or trusts using online templates or DIY kits. However, this
Wills vs. Trusts: What’s Right for You in Maryland?
As part of Make a Will or Trust Month, many people in Maryland are evaluating their estate planning needs. A common question is whether a will or a trust is
August Is Make a Will or Trust Month
August is Make a Will or Trust Month, a reminder to prioritize planning for the future. While it’s easy to put off thinking about what happens after we’re gone, creating
New 2025 Gift and Estate Tax Limits: IRS Announces Historic Increases
Big news from the IRS for 2025: due to inflation adjustments, the annual gift tax exclusion and the estate and gift tax exemption are both set to rise. Below is
Exploring Long-Term Care Planning
Long-term care becomes necessary when individuals are unable to carry out everyday tasks independently, such as eating, dressing, or bathing, and this assistance is expected to be required for an