Blog

A Thorough Estate Plan Includes Your Child with Special Needs

A Thorough Estate Plan Includes Your Child with Special Needs image

Contributed by: Amber B. Woodland, Esquire

Any well-rounded estate plan plans for your incapacity and ultimately your death. With the use of foundational, thoroughly drafted estate planning documents, you can ensure that your affairs are in order. But, if you have a special needs child, grandchild or other beneficiary, there is a bit more you should consider.

Outlined here are 3 common myths associated with special needs planning along with an ideal solution:

Does your child with special needs have to be disinherited? No. While we recognize and understand that disinheriting your child with special needs may seem like an...

What Will Happen To Your IRA Upon Your Death?

What Will Happen To Your IRA Upon Your Death? image

Contributed by: Michele Procino-Wells, Esquire

As more “baby boomers” are retiring and rolling over large 401(k)s and other retirement plans to Individual Retirement Accounts (IRAs), proper tax and estate planning for IRAs has become increasingly important.

Upon your death, the beneficiary of your IRA can take the money out as fast as all of it right away, or as slow as payments over the beneficiary’s life expectancy. If the beneficiary is taking the money out as slowly as possible, the amount she or he has to take out every year is known as the required minimum distribution (RMD). Taking the...

Your Ultimate Guide to a Maryland Crab Feast

Your Ultimate Guide to a Maryland Crab Feast image

The Basics

Q: What is a “Maryland crab feast”? A: Crab feasts are a time honored tradition during which friends and family gather around a large picnic-style table to eat Maryland blue crabs. Blue crabs take time to pick and eat so it becomes a very social activity. Typically held in the summer, crab feasts are best enjoyed with a cold beer in hand.

Q: When is Maryland crab season? A: The Maryland crab season typically starts in mid April and runs all the way through December.

Q: What is the difference between male and female crabs? A: Male crabs...

Don't Overlook Veterans Benefits for Long Term Care

Don't Overlook Veterans Benefits for Long Term Care image

Every day our office meets with families who want to prepare for the future whether that’s through estate planning or asset protection from long term care costs. When we talk to Veterans it is almost always unclear to them the benefits that could be available through the Veterans Aid and Attendance Pension Benefits program. Veterans or widow(er)s of veterans may be entitled to a non-service connected monthly pension to offset long term health care costs such as home health care, or care in assisted living or nursing facilities. Many veterans are unaware of this benefit or assume they don’t qualify...

Loneliness and Older Adults: How Community Living Can Support Socialization

Loneliness and Older Adults: How Community Living Can Support Socialization image

Contributed by: Gary & Amy Feger of CarePatrol of Delaware & Maryland Eastern Shore

Many older adults, especially those with health issues, are lonely. According to a new study, one in four seniors say they feel isolated from other people at least some of the time, and one in three say they lack regular companionship.

Chronic loneliness doesn’t just affect older adults’ mental health. According to the study, it can also impact a person’s memory, physical well-being and life expectancy.

“In fact, some research suggests that chronic loneliness may shorten life expectancy even more than being overweight or sedentary, and...