Young parents are always on the lookout for dangers for their children. Yet many overlook the crucial area of estate planning. Even if you are healthy and have modest assets, a few legal documents can offer a enormous amount of protection for those that depend on you. Here are the documents every young parent should have: Will. By drafting a will…
What Happens If You Don’t Have a Power of Attorney
A power of attorney is a good idea for nearly everyone in Maryland. With one, you can name a person to manage your financial affairs in case you become disabled. But what happens if you don’t have a power of attorney? If you become disabled, you may need someone else to manage your finances. Without a valid power of attorney,…
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…