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While some states have enacted marriage equality laws, others are not offering the same rights and privileges to same-sex couples.  In either situation, however, most estate planning lawyers can tell you that there are still important steps to take to protect your right to make medical decisions for your partner.  In Maryland, as in other places, it all starts with a power of attorney.

A medical power of attorney is used to specifically name the person who can make your medical decisions when you are unable.  Sometimes this document may be referred to as a health care proxy.  By naming your same-sex partner, you are providing him or her with the legal rights needed to step up and make those choices.  In cases where a power of attorney for healthcare has not been created, it’s not unheard of for the same-sex partner to be barred from the room while the patient’s parents or siblings are given the responsibility of making medical decisions. More About Making Medical Decisions for Your Same-Sex Partner

The following is a list of tips you can use to help you find a qualified attorney.

Tip #1: Choose an attorney you trust. Nothing is more important in a lawyer/client relationship than having a lawyer you trust.

Tip #2: Choose an attorney who creates your estate plan his/herself. If the attorney has an assistant create your estate plan, then why hire the attorney?  Note, however, it is common for lawyers in solo practice to ask a funding coordinator to transfer property into your trust.  Even so, funding is a fairly routine function and you are well protected as long as the lawyer supervises the process. More About Choosing a Qualified Lawyer

Many Bethesda and Upper Marlboro seniors are making strides toward estate planning by working with their elder law attorneys to set up what they believe are the appropriate wills and trusts.  The goals with this type of planning are most commonly to:

  • avoid probate,
  • make decisions regarding trust administration,
  • and—most importantly—to protect your assets for your heirs.

Unfortunately, this final criterion isn’t always met in traditional wills and trusts. More About Shield Your Assets From Nursing Home Costs

Community Property - In certain states, known as community property states, all assets acquired during a marriage belong equally to both spouses (jointly).  There is an exception for gifts and inheritances given specifically to one spouse. The states which are known as community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas and Washington.  Puerto Rico also uses the community property system, and Wisconsin has a modified community property system.

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Kinsey Law Group, P.C. was formed to focus on the needs of families.  We are dedicated to assisting you in the areas of Estate Planning and Assisted Reproduction/Surrogacy.  If you have questions or concerns, you’re invited to call 301-968-1630 or send an e-mail any time, without cost or obligation.

Locations: Montgomery County (Bethesda, Maryland); Prince George’s County (Largo, Maryland) and Washington, D.C.

Siblings often have trouble agreeing on anything, so why should it be any different when it comes to Mom and Dad’s elder care?  Unfortunately, those of us in elder law see quite often how families have a very difficult time when it comes to determining what is best for aging parents.

In some cases, one sibling may be expected to take on an unreasonable portion of the elder care with other siblings not recognizing (or possibly not caring) that it is a hardship. Other times, siblings simply can’t agree on the best course of medical intervention or the choice of an assisted living facility.

A Bethesda and Upper Marlboro elder law attorney can actually help avoid or work through some of these issues.

The best approach is to start early.  Most siblings can likely agree that having your parents make their wishes known in advance is a good thing.  The attorney can help them draw up some very important documents before they are even needed.  More About Eler Care

I offer clients the opportunity to sit down with me and review their estate plans at least once each year.  However, this doesn’t mean you should wait until your next review if your circumstances change.  This Estate Planning Checklist identifies events that could make a significant impact on your estate.  If any of these events occurs, please call me.  For your protection, we may need to amend or revise one or more of your estate planning documents.

 

Changes Involving You or Your Spouse

1.  You get married.

2.  You and your spouse divorce.

3.  Your spouse dies or becomes incapacitated.

4.  Your health changes.

 

More Red Flags That Your Estate Plan Is Out of Date

As an asset protection lawyer in Bethesda and Upper Marlboro, I find that sometimes it makes sense to advise clients to create multiple LLCs when they own more than one investment property. While it might seem more convenient to simply set up one LLC for all of your properties, you can maximize your asset protection by putting each into its own limited liability company. This LLC should not include any business activity that is not directly related to that particular investment property. More About LLCs and Estate Planning

Codicil – A formally executed written change or amendment to a will, which does not require the complete rewriting of the will.

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Kinsey Law Group, P.C. was formed to focus on the needs of families.  We are dedicated to assisting you in the areas of Estate Planning and Assisted Reproduction/Surrogacy.  If you have questions or concerns, you’re invited to call 301-968-1630 or send an e-mail any time, without cost or obligation.

Locations: Montgomery County (Bethesda, Maryland); Prince George’s County (Largo, Maryland) and Washington, D.C.

When it comes to wills and trust administration, it seems like we see it all here in Bethesda and Upper Marlboro.  From pet trusts to special needs trusts, there are a variety of unique circumstances that need to be addressed in many people’s estate planning.  One such concern is that of a gun trust.

Wills in Maryland are created specifically to dictate how one’s assets are to be distributed, and trusts do the same, while sometimes affording extra protection and benefits.  Those who collect guns for various reasons often have reason to add this type of protection to their estate plan. More About Gun Trusts

MISTAKE #1 –Choosing a lawyer who will charge you outrageously high hourly rates for simple services.

Many lawyers will lure you in with “cheap” basic services and then proceed to rack up the fees as they execute planning services which really should have been covered by the flat fee.

When you’re investigating flat fee services from a lawyer, here are some simple questions to ask:
• Are all of your fees flat fees?
• What about ongoing work after the initial completion of my estate plan documents?
• What happens when I call with legal questions 2 years after my planning documents were completed?
• What if the questions are about something other than my estate plan?
You need to be satisfied by the answers you receive to these questions, as they often sneak up on families’ after-the-fact, and can be a major drain on your family’s cash flow. More Estate Planning Mistakes To Avoid

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