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...
There are numerous benefits of creating a trust as your primary estate planning tool. Different kinds of trusts can help you avoid probate, reduce estate taxes, or set up long-term property management for you and your family, including family members who are minors or...
According to guidelines recently published by the Maryland Real Estate Commission on July 22, 2013, real estate agents are acting outside the scope of their license when negotiating short sales with mortgage lenders. The Commission specifically stated that “since the...
Estate planning is an essential step in ensuring your assets are properly managed and distributed according to your wishes after your passing. It can also provide critical protections for your loved ones in the event of illness or incapacitation. Yet, despite its...
When people hear the term "estate planning," they often think it only applies to the wealthy. But estate planning is important for everyone, regardless of financial status. It ensures that your assets, belongings, and even medical wishes are handled according to your...