There is a lot of mis-information circulating about estate planning, which is understandable given how complicated this area of law really is. Living trusts, for example, are one of the most commonly misunderstood aspects of estate planning. In this article, you will learn more about living trusts and why they are often misunderstood.
https://www.frameandframelaw.com/five-myths-about-living-trusts/
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Five Myths About Living Trusts
All of us want to protect our legacy and our family’s assets but, as we grow older, 70% of us will require some type of long term care services, which can average $7000/mo or more. Unfortunately, many families are not aware of the implications of long-term care, Medicaid vs. Medicare benefits, and how this impacts an individual’s wealth or assets.
So, we have developed this Long Term Care Planning Checklist to help you and your family plan ahead. This can serve as the ice-breaker for tough, but necessary conversations and provides thoughtful answers your questions.
https://www.frameandframelaw.com/long-term-care-planning-checklist/
Can Medicaid take your home? Arm yourself with the knowledge to protect your home and your children's inheritance. In this series, we discuss the intricacies of planning for long term care.
https://www.youtube.com/watch?v=Gsx0mOeQOAY
YOUTUBE.COM
Will Medicaid Take My House?
As your parents age, you may realize that they seem to be more forgetful, such as forgetting to close the garage door, repeating stories, or not knowing what day of the week it is. These memory lapses often intensify over the years, and what begins as “senior moments” can quickly turn into dementia, a condition serious enough to cause real harm if the individual is not properly cared for. If you are looking for the best way to care for you parents and older loved ones, find more information in the article below.
https://www.frameandframelaw.com/signs-that-your-parent-needs-a-guardianship
FRAMEANDFRAMELAW.COM
Signs That Your Parent Needs A Guardianship
Many people do not understand the difference between a Will and a Trust, or unknowingly, may think that one costs substantially more than another. While many people think that a Will can serve their needs, there are many situations which would be much better served by a Trust. In this guide, we explore important information to educate you on what you need to know about Wills, Trusts & Probate in Maryland.
https://www.frameandframelaw.com/maryland-wills-trusts-probate-guide/
A new law takes effect October 1st, 2020. This new law will likely have a profound impact on the finances of certain married couples, especially couples who have previous children, by another marriage. Let us know if you need guidance.
https://www.frameandframelaw.com/the-new-maryland-spousal-effect-law-changes-you-need-to-consider/
FRAMEANDFRAMELAW.COM
The New Maryland Spousal Effect Law - Changes You Need To Consider
Are you looking for information on the different types of trusts? In this video Tara Frame explains the difference between an irrevocable and a living trust to simplify the best solutions. As explained in this video and on the website: www.FrameandFrame.com, these two Trusts are structured for different purposes. Your situation is unique, so you need a legal guide to help you determine which is right for you! This video provides an overview of Irrevocable vs. Living Trust
https://www.youtube.com/watch?v=J8agbC_k1PA
YOUTUBE.COM
What is an Irrevocable Trust? What is a Living Trust?
Are you responsible for parents or other seniors in your family? Or, for that matter, do you know what happens if you’re involved in a car accident or other sudden illness? If you wait until after an accident or diagnosis, it may be hard to legally execute the documents needed, to ensure loved ones are properly cared for and financial matters handled. Here are some reasons why it’s important to have a Power of Attorney before you need it.
https://www.frameandframelaw.com/why-a-power-of-attorney-is-important-before-you-need-it/
FRAMEANDFRAMELAW.COM
Why A Power Of Attorney Is Important Before You Need It
Many people do not understand the difference between a Will and a Trust, or unknowingly, may think that one costs substantially more than another. While many people think that a Will can serve their needs, there are many situations which would be much better served by a Trust. In this guide, we explore important information to educate you on what you need to know about Wills, Trusts & Probate in Maryland.
https://www.frameandframelaw.com/maryland-wills-trusts-probate-guide/
Have you thought about what happens to your children if something happens to YOU? Tara Frame and Erica Redmond of Frame & Frame Attorneys at Law and Suzanne Ratti of Ideas360llc, discuss this important question! Tara and Erica explain the importance of Estate Planning for younger adults, single adults and your parents! Listen to their whole conversation to learn all you need to know about Estate Planning.
https://www.youtube.com/watch?v=onzkz2JNWOg
YOUTUBE.COM
What Happens to THEM if Something Happens to YOU
As we get older, more than 70% of seniors will require some form of long-term care. The median cost of skilled nursing home care in Maryland is nearly $10,000 per month. And, unfortunately, Medicare does not cover the costs associated with long-term care services. These costs can quickly diminish a life time of savings. That’s why long-term care and Medicaid Planning is key. In this guide, you will learn more about the importance of Medicaid Planning and how to start your plan.
https://www.frameandframelaw.com/long-term-care-medicaid-planning/
Some virtual events taking place in Annapolis this week/weekend. Check it out!
https://whatsupmag.com/upcoming-events/virtual-events
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Virtual Events
Do you have questions regarding funding trusts? In this video, Tara Frame explains that just because you have set up a Trust does not mean it is properly funded. It is not enough to create a trust, you must make sure it is properly funded as well. Learn everything you need to know about properly funding a trust in this brief video!
https://www.youtube.com/watch?v=6NG23Tfqhh8
YOUTUBE.COM
What Does It Mean to Fund A Trust? Is My Trust Funded?
It’s been said many times that nothing is certain except death and taxes. For everything else, we simply never know what life will bring or when. One thing we can be sure of, though, is that many significant events will occur during our lives, and it’s not only possible to be prepared for the unexpected; it’s essential. Through this guide, you’ll gain an understanding of what you need to know and do to prepare your family for any eventuality.
https://www.frameandframelaw.com/maryland-family-protection-guide/
Do you need information regarding wills and probate? This brief article will explain how whether a deceased person has a will or not, probate is usually necessary. Yet, there are savvy legal measures to take to avoid probate.
https://www.frameandframelaw.com/if-my-loved-one-has-a-will-do-i-have-to-go-through-probate/
FRAMEANDFRAMELAW.COM
If My Loved One Has A Will, Do I Have To Go Through Probate?
Are you interested in learning more about how a Trust works? In this quick video, Tara Frame with Frame & Frame Attorney's at Law explains how to buy or sell assets in a trust in Maryland.
https://www.youtube.com/watch?v=9rS0PWurq5k
YOUTUBE.COM
Can I Buy or Sell Assets In a Trust?
Have you thought about what would happen to your children or your spouse, if something unexpected happened to you? Here are a few items that are typically reviewed as part of a basic estate plan.
https://www.frameandframelaw.com/why-estate-planning-is-important-for-young-families/
FRAMEANDFRAMELAW.COM
Why Estate Planning Is Important For Young Families
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Second Acts: In Retirement, She Returns to an Old Love—Mahjong
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9 Thanksgiving foods that are actually great for your body
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This Is Why You Should Know About Market Rotation Right Now
When an individual dies, unless, they have a trust, their assets first have to pass through probate before they can be transferred to beneficiaries. Probate is the legal process of validating a person’s will and making distribution pursuant to the terms of the will. This article explains what probate is and why you should care!
https://www.frameandframelaw.com/what-is-probate-and-why-should-i-care/
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What Is Probate And Why Should I Care?
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'We're done providing free money from the sky': Shark Tank investor Kevin O'Leary says next stimulus should not include any aid to businesses
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5 Reasons Why A Down Market Is The Best Time To Pursue Your Dream Career
Such good advice for people who are engaged or thinking about getting engaged or married. These are definitely important topics to discuss with your significant other BEFORE you you make that lifelong commitment!
https://apple.news/AqkK59vczRhOF74fXq30UiQ
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21 Things That People Don't Talk Enough About Before Marriage — BuzzFeed
PT or FT (4-5 days a week in office) - seeking someone with excellent time management and organizational skills. Legal experience in estate planning, probate and elder law/long-term care planning preferred. Problem solving and attention to detail are a must, as well as the ability to work independently. This position has huge potential for growth if you are a go-getter, looking to build a career in this area of the law and become part of a friendly, energetic, hardworking team.
We are committed to creating an environment of collaboration, growth, and mentorship, as well as an appreciative team who contributes positive feedback and systematic support to sustain each other. We honor and accommodate each individual’s unique circumstances and life commitments by supporting flexible work schedules and regular meetings to harmonize our goals with that of the individual team member. Client trust and confidence in your abilities are key.
Responsibilities will include client intake, drafting documents, managing and organizing the files and working with the attorneys.
Please send your resume, as well as a cover letter as to why this is the ideal position for you.
Salary: Commensurate with experience
FRAME & FRAME ATTORNEYS AT LAW
Legal Assistant/Paralegal
Introducing, Attorney, Veronica Zoberbier. Veronica has over five practice areas and is happy to have the opportunity to help people in this position with Frame & Frame. She can explain the legal process in plain language and develop a plan to set clients mind at ease. She finds it gratifying to make a difference in someone’s life, especially during a difficult time! Visit our website for more information on our team. https://www.frameandframelaw.com/
FRAMEANDFRAME.ADVISOR.NEWS
The Best Advice Our Elders Ever Gave Us
Estate Planning for Millennials and young adults is just as important as estate planning for seniors. Although many young adults think death is “years away,” this kind of thinking often leaves children, pets, and other loved family members with a lot of questions and turmoil, if the unexpected occurs. In this Guide to Estate Planning for Millennials and Young Adults, we provide answers to common questions and misconceptions!
https://www.frameandframelaw.com/estate-planning-for-millennials-guide/
The death of a loved one is always a tragedy whether it was foreseen for some time, or sudden and unexpected. This may or may not involve probate, a lengthy process that takes time, energy, and money in the best of circumstances, and in the worst can lead to rifts within the family, lawsuits, and more. This article will explain when probate is necessary.
https://www.frameandframelaw.com/when-is-probate-necessary/
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When is Probate Necessary? - Frame & Frame, LLC
