For many families in the United States, retirement accounts such as 401(k)s and IRAs make up a significant portion of their total wealth. Recent estimates suggest these accounts hold around $21 trillion, often accounting for more than a third of household...
When people contact an estate planning attorney asking for a quick review of their documents, the request often sounds straightforward. Sometimes the documents were created using an online service and they simply want reassurance that everything is still valid. In...
Many small investors in Prince George’s and Montgomery Counties operate as sole proprietors. It may seem simple on the surface, but owning rental property in your own name creates massive financial risk. A single slip-and-fall lawsuit or a tenant dispute can put you...
Black History Month reminds us that building generational wealth requires more than hard work. It demands intentional planning to protect what you’ve built.
Online accounts may feel permanent, but access can change quickly. In Maryland and Virginia, digital assets often fall under both state law and service agreements. As more activity moves online, understanding who may access accounts and private keys can help inform...
In some cases, trusts are used on a short-term basis to pass money directly to a beneficiary. For instance, someone may set up an educational trust. They name a beneficiary who is allowed to use the money in the fund to pay for college tuition and related costs. Once...
For those who work for the federal government, there are some unique ways to save for retirement. First of all, since 1987, employees have been able to use the Federal Employees Retirement System (FERS). This uses three different sources for benefits: Social Security ...
Many parents in Bowie believe they are being proactive by naming their minor children as contingent beneficiaries on life insurance policies. While you have the best intentions, this "silent" inheritance often creates a legal hurdle if you pass away before your...
As a Maryland Licensed Real Estate Broker, Attorney, Suren G. Adams, is available to represent buyers and sellers in Maryland transactions through Adams Realty, LLC. Suren is also a Maryland attorney who can negotiate short sales pursuant to the new Maryland Real...
The primary reason that everyone needs an estate plan is that if you fail to create a plan, the State will create one for you. The State legislature does not know anything about your family dynamics and the things that you value, so why leave such important decisions...