What Happens If You Die Without a Will?

What Happens If You Die Without a Will? When a resident of Maryland dies without making a Last Will and Testament, the rules of intestacy succession specified in the Maryland Code Chapter of Estates & Trusts will dictate who inherits the probate property of the deceased person. An intestate estate occurs when there was no Will from the deceased. Even if the person did not have a Will, heirs may need an estate Read More

Understanding Powers of Attorney

A Power of Attorney is a legal document that enables an individual (known as the principal) to select another individual or organization (known as the officer) to regulate their affairs if the individual issuing the power of attorney is unable to do so. There are various kinds of powers of attorney. All of these orders carry the same concept with them that the agent will have control over the affairs of a person, but Read More

What You Need to Know About Distressed Assets

If a public company fails, anyone who has a stake in that company such as a shareholder, an investor in the bonds of the company, a supplier, or an employee— will face the possibility of being wiped out. But investors specializing in distressed assets, corporate bankruptcies, house foreclosures, and other major issues can be catalysts for massive profit. In this blog, we discuss distressed assets and the pros and Read More

5 Signs Your Business Dispute Is Headed for Litigation

Just as some colds become pneumonia or something more serious, business disputes can also take a turn for the worse–they can lead to litigation. Litigation is costly, time-consuming, and in the long run, may not even be able to settle the actual dispute. Therefore, knowing the signs when your business dispute is heading in this direction is very important to be able to either head it off at the pass or prepare for Read More

5 Lesser Known Trusts You Can Utilize for Your Estate Plan

A trust is a contractual relationship between the beneficiary, the trustee, and the grantor. It contains two definite elements of the ownership of an asset: 1. Legal (transferred to the trustee by the grantor) 2. Beneficial (in the trust agreement, to the beneficiaries) While standard living, charitable, or special needs trusts are more common, there are several lesser known types of trusts people can Read More

5 Common Uniform Standards of Professional Appraisal Practice (USPAP) Violations

The Uniform Standards of Professional Appraisal Practice (USPAP) is the U.S. appraisal profession's generally recognized ethical and performance standards. USPAP was embraced in 1989 and includes standards for all kinds of assessment services, including real estate, personal property, business, and mass assessment. Full compliance is needed for federally-related real estate transactions involving state-licensed Read More

5 Common Medical Errors That Can Lead to a Malpractice Lawsuit

Cases of medical malpractice occur when a patient is injured by a doctor or nurse (or another medical professional) who does not provide proper medical care. Fortunately, doctors, nurses, and hospitals make mistakes in only a small number of cases. However, when these errors occur, it could be catastrophic for the patient. Keep in mind that it was not necessarily because a doctor made an error or a patient was Read More

An Overview of Maryland Probate

When an estate is left behind after a person’s death, it needs to be settled under the court’s supervision.  The official way to settle an estate is through probate. If the person died with a Will, they are said to have died testate and the court will appoint the individual designated in the Will as the Personal Representative (formerly known as the Executor/Executrix) to administer the Estate. In the event Read More

Understanding Inverse Condemnation

Inverse condemnation is any interference with private property that destroys the property and lessens its value of the property or denies the property owner of its use even if he or she possesses the title and possession of the property. This also occurs when property rights are taken without just compensation, or when the property value is taken by the government despite the government having made no formal attempt Read More

3 Situations Where You Might Need a Non-Disclosure Agreement

Non-disclosure agreements or NDAs are important in business to keep its secrets from other people outside the company. If there is information, processes, practices, and other items that should not be shared with anyone else aside from those directly involved, an NDA will help maintain the confidentiality between the parties involved. NDAs may be used for different reasons, but their main purpose is to ensure that Read More