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How Can I Protect My Teen When They Go Away to College?

Posted by Neil Tyra | Jun 28, 2020 | 0 Comments

Every summer, I am reminded of the intense emotions I felt all those years ago when my kids first went away to college. Sure, I was proud of them for graduating from high school. I was excited to watch them embark on the next step in their journeys. I was nostalgic about how quickly time passes, ...

How to Fund a Trust in the State of Maryland

Posted by Neil Tyra | Jun 25, 2020 | 0 Comments

Do you know what's rarely talked about? What comes after you create your estate plan? How do you actually fund your Trust once you've created it? Chances are, you don't even know what I mean when I say “fund a Trust.” Why? Because, in the estate planning conversation, there is so much discussion ...

Do I Need an Estate Plan?

Posted by Neil Tyra | Jun 17, 2020 | 0 Comments

When do you really need to start thinking about your estate plan? When many people think about “estate planning,” they think about it in terms of age. Estate planning is often associated with retirement, prolonged illness, or preparing for passing. For that reason, it's not something that is talk...

Estate Planning for Cross-Border Families

Posted by Neil Tyra | Jun 09, 2020 | 0 Comments

There is no such thing as a “typical family.” At The Tyra Law Firm, we work with families on a daily basis that comes in all shapes and sizes. Many families are blended, meaning that they include children from previous relationships. Many families have separate households, or single parents, or m...

Estate Planning Can’t Wait Until Your Separation Is Over

Posted by Neil Tyra | Jun 01, 2020 | 0 Comments

Going through a separation is confusing, stressful, and often overwhelming. Estate planning is not a subject that comes up frequently. Very often, as couples make the decision to get separated and then divorced, they are concerned with the most pressing things: making sure the children are cared ...

Why Hire a Lawyer When I Can Do a DIY Will Online?

Posted by Neil Tyra | May 31, 2020 | 0 Comments

In the coming months, things are still looking uncertain. It seems it will be quite a while until life gets “back to normal” after the coronavirus pandemic. It's a long road ahead. For many of us, this uncertainty about the future makes commitments and expenditures seem unwise. We are looking for...

Resources for Supporting a Loved One With a Terminal Diagnosis

Posted by Neil Tyra | May 20, 2020 | 0 Comments

Some Great Articles to Read — Harvard Health, “When a Loved One is Terminally Ill” Mayo Clinic, “Supporting a Terminally Ill Loved One” MD Anderson Cancer Center, “Making Memories Last: The Art of Legacy Work” Maryland Healthcare Commission's Consumer Guide to Longterm Care Hospice and Palliative...

What if My Partner and I Don’t Agree on Guardianship?

Posted by Neil Tyra | May 12, 2020 | 0 Comments

Choosing the right person to care for your children if you are unable to do so is, of course, an important decision. For some lucky couples, it's also an easy one. However, it's not a given that you and your partner will agree on the right person or people to nominate for guardianship. In fact, d...

Using Your Estate Plan to Organize Your Online Accounts

Posted by Neil Tyra | May 04, 2020 | 0 Comments

Even before the pandemic, The Tyra Law Firm was a mostly virtual law practice. Sure, we still have an office downtown, but we like to use technology to keep our practice versatile. That way, we are able to serve families that are too busy to come downtown in the middle of a workday. By using a va...

Revisiting Your Living Will in Times of Uncertainty

Posted by Neil Tyra | Apr 29, 2020 | 0 Comments

This week, like many of you, I have been thinking about the hundreds of thousands of Americans who have recently become infected with COVID-19. Chances are, you know someone who falls into this category. Whether those individuals experience relatively minor symptoms, the virus knocks them out for...

What Does Virtual Estate Planning Look Like?

Posted by Neil Tyra | Apr 22, 2020 | 0 Comments

In recent weeks, I have been posting about how estate planning has increased in urgency as a result of the coronavirus. I've talked about why you need an estate plan, why now, and how to start having these important conversations with your loved ones. Each time I write about beginning the process...

Consider Charitable Giving as a Part of Your Estate Plan

Posted by Neil Tyra | Apr 02, 2020 | 0 Comments

In this time of social distancing, you may be noticing an interesting phenomenon. I know I have. What I'm noticing is that, the more we are asked to remain socially distant from one another, the more we draw closer as a community. In the past few weeks, I have seen an outpouring of charitable giv...

Incorporating Intellectual Property into Your Estate Plan

Posted by Neil Tyra | Mar 22, 2020 | 0 Comments

As you prepare your estate plan, the most obvious assets that jump to mind are likely things like heirlooms, real estate, and bank accounts. However, you may be overlooking some of your most valuable assets. Your intellectual property has value, and it is just as important to include in an estate...

What Coronavirus Could Mean for You and Your Loved Ones

Posted by Neil Tyra | Mar 11, 2020 | 0 Comments

In just the past few weeks, the coronavirus scare has risen to new heights. Of course, we should be careful during flu season every year. This year, however, the threat to health and wellbeing is elevated by a potential pandemic. Does this mean it's time to panic? No, it does not. But, there are ...

What Happens To Debt When I Die?

Posted by Neil Tyra | Mar 02, 2020 | 0 Comments

Very often, clients tell us that they wish they hadn't waited so long to start the estate planning process. It can seem scary or overwhelming, and there are a lot of reasons people put it off. One of the most common is that people want to wait until they have achieved certain financial goals befo...

Top Five Estate Planning Mistakes

Posted by Neil Tyra | Feb 25, 2020 | 0 Comments

What are we always talking about on this blog? Having an estate plan, right? But, just having a plan in place isn't always enough. For that plan to work properly when you need it, it needs to be comprehensive, carefully drafted, and thoroughly reviewed. Your goals need to be thoughtfully laid out...

What’s Included in a Maryland Advance Medical Directive?

Posted by Neil Tyra | Feb 11, 2020 | 0 Comments

You have probably heard the term “Advance Medical Directive” before. You may even have heard it here, on The Tyra Law Firm blog. But, do you fully understand what's included in an Advance Medical Directive? Are you clear on why you need one now, regardless of your family structure, accumulated we...

The Future Is Not Guaranteed

Posted by Neil Tyra | Feb 05, 2020 | 0 Comments

“In a world of diminishing mystery, the unknown persists.” -Jhumpa Lahiri Every few weeks, I take a moment to reflect on the deeper meaning of my work. I do this to check in with myself and to realign my firm's mission with the needs of my clients. Whenever I do so, I think of the unknown. As an...

Wait! Before You Put Your Documents Away…

Posted by Neil Tyra | Jan 20, 2020 | 0 Comments

There are few good things about tax season. Sure, occasionally you might find yourself on the good side of a refund. Or you might get the chance to clear out your jam-packed receipt drawer. But other than that, tax season is pretty much a drag. On top of everything else going on in your life, you...

Prepare To Plan – Estate Planning Checklist

Posted by Neil Tyra | Jan 14, 2020 | 0 Comments

A question that I often get is about how to prepare for putting together an estate plan. I know that the thought of “getting organized” can be daunting. Take a look at this simple checklist I put together. Remember, you do not need to gather every document on this list before starting on your est...

What’s Your Estate Planning Personality Type?

Posted by Neil Tyra | Jan 06, 2020 | 0 Comments

In my years of working as an attorney, I've seen every type of client imaginable. Truth be told, there isn't much that can surprise me anymore. On the contrary, I typically see the same basic personality types again and again in my estate planning practice. That's not to say that these clients ar...

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