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Are You a Member of the Sandwich Generation?

Posted by Neil Tyra | Jun 03, 2019 | 0 Comments

These days, there is a name for every generation: Baby Boomers, Gen X, Millennials, Gen Z, and each generation is loosely defined by a few key characteristics that group them together. You may have heard the term “Sandwich Generation” used lately, but what does it mean and are you a member? The t...

Do You Need a Simple Probate Avoidance Trust?

Posted by Neil Tyra | May 27, 2019 | 0 Comments

You have probably heard the term “trust” used before. Often it's used in the context of a “trust fund baby,” someone who doesn't really have to work because they always have a steady flow of money coming in from a wealthy relative. But, keeping your kids living the good life isn't really the prim...

Does Your College Kid Have a Plan?

Posted by Neil Tyra | May 13, 2019 | 0 Comments

The end of the school year is drawing near, and high school seniors throughout the State of Maryland are starting to make a plan. They are choosing where they want to go to college, what classes they want to take, what dorms they want to occupy, what interests they want to pursue. But, have they ...

Planning for Passing: There is End-of-Life Support Available

Posted by Neil Tyra | Apr 29, 2019 | 0 Comments

Death is never an easy subject. However, it is an important topic that touches each and every person. So why is it so hard to talk about? For many of us, death is not a part of our daily lives. In fact, we tend to go out of our ways to remove ourselves from death altogether. The result? This dist...

What Happens to Your Student Loans When You Die?

Posted by Neil Tyra | Apr 22, 2019 | 0 Comments

If you've been paying attention to the news, you know that student loans are bigger and more common than ever before. There is currently over $1.45 trillion in outstanding student loan debt in the United States, and 42 million Americans have some amount of student loan debt (the average borrower ...

Protecting Your Child with a Special Needs Trust

Posted by Neil Tyra | Apr 01, 2019 | 0 Comments

If you have a loved one with disabilities or special needs, you have likely thought about how you will protect and provide for them after you pass. Providing for a loved one with special needs does not need to be difficult, but it should be done carefully to avoid any unintended consequences. An ...

Hiring a Professional Pays

Posted by Neil Tyra | Mar 25, 2019 | 0 Comments

In the United States, the majority of individuals don't have any estate planning documents in place. Why is that? For some, it is difficult and uncomfortable to confront their own mortality. For others, there is a perception that the estate planning process is expensive or only meant for people w...

A Clear and Compassionate Plan Can Help Avoid Hurt

Posted by Neil Tyra | Mar 18, 2019 | 0 Comments

On March 4, 2019, America lost one of its favorite heartthrobs. Luke Perry (Coy Luther Perry, III) passed away after a tragic and unexpected illness. At the age of 52, he suffered a stroke, was hospitalized, and five days later, when it was clear he would not recover, his family made the decision...

What Every New Parent Needs to Know About Estate Planning

Posted by Neil Tyra | Mar 12, 2019 | 0 Comments

As a parent and an estate planning attorney, I spend quite a lot of time thinking about how to protect my children and provide for their futures using estate planning tools. But, my children are grown. For new parents, I know that estate planning may be the furthest thing from your mind. As a par...

What to Do If You’re in a Car Accident

Posted by Neil Tyra | Dec 20, 2018 | 0 Comments

A car accident can occur anytime, causing serious injuries and damage to your car and other property. Most accidents are unforeseeable, and it is often up to you to maintain acceptable driving standards to prevent any unnecessary incidents. Unfortunately, mistakes do happen every once in a while,...

What Are the Child’s Best Interests, Anyway?

Posted by Neil Tyra | Nov 20, 2018 | 0 Comments

Child support and a child's best interests go hand in hand. Today, child support decisions focus on a judge's interpretation of the child's best interests and financial information of both parents.  It is often frightening for parents to think that someone who knows very little about them (in the...

Estate Planning in Your Pajamas!

Posted by Neil Tyra | Oct 25, 2018 | 0 Comments

Estate planning? Who has time for that? You have a job, you go to school, you've got kids, there's soccer practice and dance classes, you work with the church, the dog needs walking, and oh yeah, you might want a little bit of a social life. So with all that going on who really does have time to ...

4 Lies You Probably Believe About Prenuptial Agreements

Posted by Neil Tyra | Oct 20, 2018 | 0 Comments

One of the most common legal actions taken before marriage is signing a prenuptial agreement, which typically defines the financial and property rights of each spouse in case of a divorce. Unfortunately, prenups have amassed a terrible reputation over the last few decades. Commonly associated wit...

#1 Reason for Using a Revocable Living Trust

Posted by Neil Tyra | Oct 02, 2018 | 0 Comments

Clients often ask whether or not they need a Revocable Living Trust (RLT) or if a Will is sufficient for their estate planning needs. While there are several benefits to having an RLT, there is one primary factual reason to have an RLT beyond just the benefits it provides. That is, do yo...

3 Lesser Known Maryland Trusts (And Why You Might Need Them)

Posted by Neil Tyra | Aug 20, 2018 | 0 Comments

What do you do when you have some assets you want to leave to your children or grandchildren, but still need to protect them against interference from third parties? You create a trust. In fact, trusts are established precisely to provide legal protection for a trustor's assets, as well as to ens...

Failed Plans: Avoid These 3 Common Estate Planning Mistakes

Posted by Neil Tyra | Jun 20, 2018 | 0 Comments

Thinking about your mortality can evoke uncomfortable feelings, but it is something everyone has to come to terms with eventually. You have to be able to ask yourself the hard questions, like: Who will take control of your property and assets once you are gone? Will your family stay united whatev...

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