You’ve already got your important estate planning documents drafted: a will, power of attorney and advance directive. They’re signed, in a safe place, and you’ve had discussions with your loved ones about where they are how they should be used. But it’s been a few years. Do they need to be updated? Your will, advance directive and power of attorney…
What Single People Should Know About Estate Planning in Maryland
Many people don’t think about estate planning until there is a spouse and children. While this is understandable, the need for estate planning is even greater for the unmarried. Estate planning lets you designate someone else to manage your affairs in case of injury, disability or death and put your wishes in writing. If you’re married and don’t have an…
How to Choose an Agent for Your Power of Attorney
A power of attorney lets you select another person that can act on your behalf to manage your property and money. In Maryland, the person to whom you are giving this power is called your agent (other places might call this person an “attorney-in-fact” or “proxy). Here are some considerations in selecting your agent. The powers given to your agent are…
How to Choose a Health Care Agent
Choosing the right health care agent is the centerpiece to an effective advance directive. Your health care agent makes medical decisions on your behalf if you are unable to make them yourself. Similar to choosing a personal representative, your health care agent should be someone you trust and who understands your values. In Maryland, your health care agent must be at…