Revocable Living Trusts: What You Need to Know

In simple terms, a revocable living trust is a trust that can be modified or terminated at any time. In more technical terms, a revocable living trust is a legal contract where the settlor has control over their assets throughout their life or until they are incapacitated. Upon their death, the trust becomes irrevocable and […]

June 10, 2020

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What Is a Living Will and Do I Need One?

In the state of Maryland, a Living Will is a component of an Advance Directive that outlines your healthcare instructions should you become incapacitated and can no longer communicate for yourself. Your Living Will is only used if you become incapacitated and it is necessary to determine your end-of-life care, which includes life-sustaining treatments. Should […]

May 28, 2020

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Understanding Healthcare Decisions Expressed in Advance Medical Directives

Advance Directive

We understand that with everything going on, the last thing you want to consider is your end-of-life care. The topic is often met with scary and unsettling emotions, but we believe that by creating an Advance Medical Directive, you will instead feel empowered. Advance Medical Directives, also known as Advance Directives, Power of Attorney, and […]

April 16, 2020

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Gov. Hogan’s Executive Order: Maryland Residents Now Able to Remotely Sign Wills, Revocable Trusts, Powers of Attorney and Advance Directives

On April 10, 2020, Maryland Governor Larry Hogan signed an Executive Order allowing Maryland residents to remotely sign Wills, Revocable Trusts, Powers of Attorney and Advance Directives. This Executive Order comes at an extremely important time, when people need to update their estate plans during the COVID-19 pandemic but do not want to risk exposure […]

April 10, 2020

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Can I Update My Estate Plan From Home?

Yes! Estate planning can be done remotely from the comfort of your own home. At PathFinder, our clients’ health and safety are of the utmost importance. We understand the concerns with COVID-19 at this time and are here to help you – even if your concerns go beyond estate planning. Which is why our team […]

April 7, 2020

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What is Power Of Attorney?

Power of Attorney identifies who has the authority to make your financial decisions if you are not able to make them for yourself. When you create your estate plan with your attorney, you will discuss a component that outlines what happens if you become incapacitated. In the event of incapacity, your Power of Attorney will […]

March 26, 2020

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4 Reasons to Consider a Special Needs Trust

special needs planning

If you have a loved one with special needs, it is important that you consider a special needs trust and the entire legal ramifications of their situation. Special needs planning is a unique opportunity for parents who have disabled children to coordinate their future. Special needs trusts are specifically designed to allow your special needs […]

March 12, 2020

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How Can I Protect My House From Medicaid Estate Recovery?

When a Medicaid recipient passes away, their house becomes at risk of being possessed by the state. The reason being that the state will attempt to recover whatever Medicaid benefits the recipient received, which in most cases is solely their house. In order to avoid Medicaid estate recovery from possessing your house, you will need […]

February 3, 2020

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What Happens If I Pass Away Without A Will?

If you pass away without a will, your state of residency determines how your estate and assets are distributed. In the legal world, this is referred to as intestacy. Every state has different intestate succession laws to distribute a deceased person’s assets, which include real estate, bank accounts, securities, and any other assets he or […]

January 8, 2020

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What is a Trust? Do I Need One?

A trust is a fiduciary agreement that outlines how your assets will be distributed after you pass. In a trust, you specify who will have the authority to handle and distribute your assets to your beneficiaries. Although trusts sound similar to wills, trusts offer specific financial benefits and are solely for handling your assets. If […]

December 23, 2019

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