Maryland Business Law: What is a Memorandum of Understanding?

There is often confusion over the difference between a Contract and a Memorandum of Understanding (MOU) as well as a basic misunderstanding of what a MOU does. A MOU is a written agreement between two or more parties. A MOU specifies mutually accepted expectations and intentions between the parties, however the agreement is typically not […]

Posted by reichertlegal
Posted in Business Law Baltimore, Business Law Maryland, Contract Attorney Baltimore, Contract Law Maryland, Memorandum of Understanding Maryland
Sep, 09, 2013
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Germantown, Maryland Estate Planning: Where to File a Will in Germantown, Md. & Montgomery County

You Live in Maryland and Have a Will? Good news. Maryland, unlike many states, allows Wills to be filed with the county in which you live. As an estate planning attorney, I have encountered clients in Maryland who have failed (or their attorney failed) to file their Will with the county. This is a critical […]

Posted by reichertlegal
Posted in Estate Planning Germantown Maryland, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Wills & Trusts Germantown Maryland, Wills & Trusts Lawyer Montgomery Maryland, Wills & Trusts Maryland
Sep, 05, 2013
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Maryland Estate Planning Lawyer: Dying With Debt; What Happens to Debt When You Die?

Clients often want to know what will happen to their debt when they die. Will their loved ones still receive assets? Will their loved ones have to pay-off their debt? The answers to these questions depend first on whether the decedent’s estate is solvent or insolvent. A solvent estate is one where the assets of […]

Posted by reichertlegal
Posted in Estate Planning Baltimore Maryland, Estate Planning Maryland, Wills & Trusts Baltimore Maryland, Wills & Trusts Maryland
Aug, 29, 2013
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Maryland Estate Planning Attorney: When Does a Durable Power of Attorney for Finances Become Effective? (aka, Financial Power of Attorney, Power of Attorney, Maryland Power of Attorney)

Having a Durable Power of Attorney for Finances, also called a Financial Power of Attorney, Durable Power of Attorney, or simply a Power of Attorney—allows an individual to act on your behalf. Having a Durable Power of Attorney for Finances is an important document if you own property or have income, investments, or expenses in […]

Posted by reichertlegal
Posted in Durable Power of Attorney Maryland, Estate Planning Maryland, Wills & Trusts Maryland
Aug, 16, 2013
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Maryland Estate Planning: Benefits of Having an Advance Health Care Directive (aka Advance Directive)

It can be difficult to think about the care and treatment we may want in the event we are incapable and unable to make our own health care decisions. However, creating an Advance Health Care Directive (AHCD), also known as simply an Advance Directive, is important for all individuals over 18 years of age as […]

Posted by reichertlegal
Posted in Advance Health Care Directive Maryland, Estate Planning Hagerstown Maryland, Estate Planning Maryland, Wills & Trusts Hagerstown Maryland, Wills & Trusts Maryland
Aug, 13, 2013
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Towson, Maryland Estate Planning Attorney: Where to File a Will in Towson, Md. & Baltimore County

You Live in Baltimore County, Maryland and Have a Will? Good news. Maryland, unlike many states, allows Wills to be filed with the county in which you live. As an estate planning attorney, I have encountered clients in Maryland who have failed (or their attorney failed) to file their Will with the county. This is […]

Posted by reichertlegal
Posted in Estate Planning Baltimore Maryland, Estate Planning Maryland, Wills & Trusts Baltimore Maryland, Wills & Trusts Maryland
Aug, 10, 2013
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Maryland Estate Planning: Assets and Property That Avoid Probate by Operation of Law

With or without a Will, certain assets will pass outside the Will and probate by operation of law. Property that passes outside the Will generally avoids probate and can save administrative fees. However, the property value may still be included by the government in calculating your estate value for the purpose of estate tax. For […]

Posted by reichertlegal
Posted in Estate Planning Maryland, Estate Planning Potomac Maryland, Estate Planning Prince George's County Maryland, Probate Law Maryland, Wills & Trusts Maryland
Aug, 07, 2013
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Maryland Property Law: How to Remove Someone from a Property Deed in Maryland

A consenting individual may be removed from a deed by filing a quitclaim deed. Under Maryland law each county has a separate procedure and requirements for filing a quitclaim deed. It is imperative that each process be followed perfectly or you risk the chance that your deed will be improperly filed and have no legal […]

Posted by reichertlegal
Posted in Probate Law Maryland, Property Deed Maryland, Property Law Maryland, Property Title Service Company Maryland, Property Title Service Montgomery County Maryland, Real Estate Lawyer Maryland
Aug, 04, 2013
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Maryland Trust Attorney: Pot Trusts and Separate Trusts for Children

When creating an estate plan, parents with minor children need to give special consideration to the ways in which they can provide for their children. Testamentary Trust For many parents, creating a Testamentary Trust will achieve their objectives of ensuring their assets are passed along to their children in an efficient and responsible manner. Without […]

Posted by reichertlegal
Posted in Estate Planning Baltimore Maryland, Estate Planning Maryland, Estate Planning Montgomery County Maryland, Estate Planning Potomac Maryland, Estate Planning Severn Maryland, Estate Planning Waldorf Maryland, Wills & Trusts Baltimore Maryland, Wills & Trusts Maryland
Aug, 01, 2013
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Maryland Estate Planning: Validity of Powers of Attorney and the Maryland General and Limited Power of Attorney Act

Is a bank or institution refusing to recognize your Power of Attorney? In a previous post I discussed the importance of having a Durable Power of Attorney for Finances (DPAF). But what do you do if someone refuses to recognize your DPAF? In 2010, the Maryland General and Limited Power of Attorney Act (the Act) […]

Posted by reichertlegal
Posted in Durable Power of Attorney Baltimore, Durable Power of Attorney Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Maryland, Wills & Trusts Maryland
Jul, 30, 2013
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