Eleanor Hunt, senior counsel at the Firm, recently discussed wills, trusts, and related estate-planning topics on “Your Future Your Finances,” a television show that aired in Montgomery County, Md., on MMC Channel 16.
Hunt, who represents clients in the areas of family law and estate planning, told the show’s moderator, Brian Kuhn, that a basic estate plan for most individuals consists of three documents – a will, a financial power of attorney, and an advance medical directive.
Hunt noted that although these documents are very important for people to have, a surprisingly large number of people fail to have them prepared. She pointed to the recent passing of Prince, who died without a will, as an example of a celebrity who did not take care of these key matters.
You’ve been married around 25 years. Your children have become more self-sufficient or they’re gone. You shifted your attention back to your spouse, which led to a realization: you are really not happy in your marriage.
Well, you are not alone. The rate of uncoupling over age 50 has increased in recent years and it’s prompted the catch phrase: “gray divorce.”
In Maryland, the Court has the authority to appoint what is called a Best Interest Attorney. What is that, you ask? Well, it is the term used in our courts to categorize any of the various lawyers for children; this is also the modern multi-purpose term used for a Guardian Ad Litem, Nagle v. Hooks Attorney, and regular old attorney.
The Holidays can be a stressful time for intact families; adding separation and/or divorce into the mix can feel like you’re jumping out of the frying pan and into the fire. Your children may be especially sensitive during this time, especially if the separation is recent or this is their first Holiday without the other parent. Managing both their and your expectations can help reduce the negative effects of divorce on children, avoid crushed feelings and dampened holidays. Below are several tips for making the Holidays a success when coping with divorce or separation:
Over the past few years, there has been a trend among states to reform alimony (i.e., spousal support). New Jersey is the latest state to join this so-called Alimony Reform Movement, joining Massachusetts, Maine, Florida and Texas. In the past few years, many states have enacted or tried to enact legislation reforming alimony.
The divorce rate in America is on the rise again now that the economy and housing market is recovering. With as many as 50% of first marriages ending in divorce, you probably know someone who has gone through a divorce.
Here are five things even your closest friends probably won’t share with you about preparing for life after divorce:
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“A HOUSE DIVIDED AGAINST ITSELF CANNOT STAND”
– Abraham Lincoln, Republican State Convention (June 16, 1858), quoting Mark 3:25
Have you heard the one about the couple that split the house after their divorce? She got the inside, he got the outside. Or the story of this couple from Cambodia who cut their house in half after the wife refused to leave?
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