Switch to ADA Accessible Theme
Close Menu

Tag Archives: Trust

The 5 Most Important Reasons to Have a Will

By Berman, Sobin, Gross, Feldman & Darby LLP |

1. Avoid Intestacy Laws If you never get around to getting a Will, don’t worry – the legislature will write one for you. If you die without a will you are “intestate” and the intestacy laws of your state govern what happens to your property. In almost all situations the legislature’s idea of what… Read More »

Facebook Twitter LinkedIn

What is a Durable Power of Attorney Anyway?

By Berman, Sobin, Gross, Feldman & Darby LLP |

So many people come in to see me and are convinced that they need a Durable Power of Attorney (DPOA). When I ask them why, they don’t know. Further probing usually reveals that they aren’t quite sure what a DPOA actually is. Let me see if I can explain the idea. Simply put, a… Read More »

Facebook Twitter LinkedIn

What Happens To My Kids If I Become Incapacitated?

By Berman, Sobin, Gross, Feldman & Darby LLP |

One of the overriding purposes driving people to create and establish an estate plan is to ensure their minor children are cared for and will continue to be provided for in case a tragedy befalls the family and one or both parents pass away. Benefits of a Last Will and Testament One of the… Read More »

Facebook Twitter LinkedIn

Owning A Joint Checking Account With Your Child: A Road To Responsibility Or A Road to Disaster?

By Berman, Sobin, Gross, Feldman & Darby LLP |

It is imperative that you weigh the pros and cons before opening a joint account with your child. Particularly, you must analyze your situation and your reasons for doing so. You will find that for many of these reasons there may be other options that do not change ownership but still carry out your… Read More »

Facebook Twitter LinkedIn

Preparing For A Grand Exit!

By Berman, Sobin, Gross, Feldman & Darby LLP |

Are you a small business owner? If so, you may love your job so much, that retirement, death, or incapacity are the furthest thoughts from your mind. While you may not intend to exit the business in the near future, have you considered the possibility of what might happen if you have to unexpectedly… Read More »

Facebook Twitter LinkedIn

Are You Ready For ABLE?

By Berman, Sobin, Gross, Feldman & Darby LLP |

As you may have heard, Congress enacted the Achieving a Better Life Experience Act of 2014 (the “ABLE Act”) on December 19, 2014. Many have deemed this a monumental step toward the betterment of the lives of individuals faced with mental and/or physical disabilities. While many experts would agree this piece of legislation is… Read More »

Facebook Twitter LinkedIn

Transfers To Minors: Where Do I Start? What Should I Consider?

By Berman, Sobin, Gross, Feldman & Darby LLP |

Two of the most commonly used methods of transferring money and assets to minors are a Uniform Transfer to Minors Act (UTMA) Account or a Trust. A UTMA Account is relatively simple to create and fairly inexpensive, but you cannot exercise any control over the assets. While a trust allows you to maintain a… Read More »

Facebook Twitter LinkedIn

Revocable Living Trusts: Are They Worth The Hype?

By Berman, Sobin, Gross, Feldman & Darby LLP |

In many states, the use of a Revocable Living Trust has become increasingly popular as a viable estate planning option. But in Maryland, the ease of the probate process, among many other reasons, makes this option usually not worth the hype, money or time. A Revocable Living Trust is a written document that contains… Read More »

Facebook Twitter LinkedIn

Death Of A Loved One: Practical And Legal Guidance

By Berman, Sobin, Gross, Feldman & Darby LLP |

Dealing with the death of a loved one both before and after death are the two most difficult situations in our lives. In addition to the emotional toll, there are also innumerable details, practical and legal, surrounding a loved one’s death. Most people are not aware of the steps that need to be taken… Read More »

Facebook Twitter LinkedIn

What Is So “Special” About A Special Needs Trust?

By Berman, Sobin, Gross, Feldman & Darby LLP |

The Problem. You have a disabled child who is currently receiving need-based public assistance such as Supplemental Security Income (SSI) and Medicaid. Your child is receiving those benefits because he or she is disabled and because he or she does not havesufficient income and resources. As a parent, you want to make sure that… Read More »

Facebook Twitter LinkedIn