Downs Law Firm, P.C.

Assets

elder financial abuse

Elder Financial Abuse Occurs When No One’s Watching

Take, for example, the sad and sordid tax case of Mary Ellen Cranmer Nice vs. United States of America, which would not have existed if an attentive financial advisor hadn’t noticed the large IRA distributions that were allegedly stolen right from under a matriarch’s nose.

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Protecting a Digital Legacy

The world exists just as much online as it does offline. Failing to recognize that when planning for the end of life can lead to unexpected repercussions for survivors.

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Beneficiary designation

Are My Beneficiary Designations Trouble?

Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset if the account owner dies. However, these forms can create confusion, unintended bequests, and family turmoil if not adequately monitored.

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Coronavirus scams

Coronavirus Scams are Spreading Like the Virus

While residents in Cecil County and throughout the state are taking precautions to safeguard themselves against COVID-19, some people are stealing or attempting to steal money through coronavirus-based scams, according to the Maryland U.S. Attorney’s Office.

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inheritance and divorce

An Inheritance and Divorce?

An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.

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Sharing passwords

Sharing Legal Documents and Passwords

Safe and shareable password storage is vital in today’s computerized world. The old solution–writing down passwords on paper set next to your keyboard–is not safe, not adequate, and not shareable.

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