Safeguarding What You’ve Built: The Importance of Legacy Planning for Black Families
Black History Month reminds us that building generational wealth requires more than hard work. It demands intentional planning to protect what you’ve built.
Who inherits your digital assets in the DMV private keys?
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...
The “Century Plan”: Using Dynasty Trusts for Generational Wealth in Maryland
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...
Estate Planning for Federal Employees: Navigating TSP and FERS in the DMV
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 ...
The ‘silent’ inheritance: Why life insurance beneficiaries need a trust
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...
Real Estate
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...
Why Everyone Needs an Estate Plan
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...
The Benefits of a Trust
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...
Commission says Real Estate Agents Should Not Negotiate MD Short Sales
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...
Why You Need an Estate Planning Attorney: A Comprehensive Guide
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...