What is a Domestic Asset Protection Trust in Maryland? In Maryland, a domestic asset protection trust is a way to protect your asset from lawsuits. For years, domestic asset protection trusts were used almost exclusively by the wealthy to protect their assets from creditors. Today, a Maryland domestic asset protection trust are used by many people…

According to the American Society for the Prevention of Cruelty to Animals, over 62 percent of households in the United States have at least one pet. As the number of pet owners in Maryland increases, Maryland has made advancements to ensure the safety and care for its pet residents. In Maryland, although pets are not…

In the last 20 years, gray divorces have increased throughout Montgomery County, Maryland and Prince George’s County, Maryland. More married couples over the age of 60 have been divorcing with the divorce rate in this age group doubling between 1990 and 2010, according to a study by Bowling Green State University. Given the frequency of…

In Maryland, inheritance tax is an important factor in proper estate planning.Estate planning should preserve, guard, and pass on the family wealth and assets effectively. In order to ensure that assets are protected, it is important to understand a key principle of estate planning: assets should be passed on to the right people and at the right…

Creating a viable business succession plan is important in Maryland. It is a good practice for small and large business owners to plan for when you may not be involved with your business for a prolonged period of time. Whether it is ceding daily operational control, retiring, or simply creating to pass on your legacy…

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