As the digital age increasingly takes over more aspects of our lives, assets that hold tangible and sentimental value are not always something you can hold in your hands. Commonly referred to as digital assets, they can take many forms yet hold equal value to physical...
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Which assets should I include in a prenuptial agreement?
Creating a valid prenuptial agreement before marriage is an effective way to shield certain property and assets from division in the event of a divorce.If you are considering having a prenup in place, then it can be wise to examine the items you own and determine what...
Things to consider before bringing in a business partner
Many business owners find that running a business is not a one-person job. There are countless responsibilities and expectations on an owner's shoulders, from hiring and managing staff to developing products and business opportunities. A partner may bring valuable...
A line between enforceable and unenforceable prenup terms
Prenuptial agreements are increasingly becoming mainstream. Not only do you see only the very wealthy or high-profile couples doing them, but lots of people who simply have specific assets or marital interests they want to protect are taking this very important, and...
That difficult talk about end of life arrangements
While the old adage is "nothing is certain but death and taxes," that doesn't mean we like talking about either. This can be especially true when discussing end-of-life arrangements with older loved ones. However, as unpleasant as this conversation can be, it may be a...
Millennials: 4 reasons why you should have an estate plan
Men and women in the younger demographics often assume they don't need to think about estate planning because they don't have much to protect. They might still be looking for a career and paying off student loans; they may not have a house, spouse or children yet....
Legal counsel crucial when buying, leasing commercial property
If you run a business in Maryland, you likely play many roles on any given day. You might be dealing with employment matters in the morning and by the afternoon, you could be making crucial decisions about new products and services, and in between juggling phone...
How a special needs trust can protect your child
When it comes to parenting, you know your child better than anyone else. The same is especially true if your child is special needs. You know their routine and the environment that they thrive in. You also understand what it is they will need as they grow and continue...
Creating estate plans: Preparing after the birth of a child
Now that your little bundle of joy is here, it is time to talk estate planning. Just like how you checked finding a pediatrician and decorating the nursery off your to do list, now is also the time to make sure everything is in place in case anything ever happened to...
Have you heard about the changes for 529 education savings plans?
Previously, 529 plans could be used only to cover costs for college and other post-secondary educational expenses. The new tax bill changes that, allowing use of 529 savings plans to support children's K-12 education, and authorizes 529 accounts withdrawals for...