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Lawrence S. Jacobs to Retire on December 27, 2024

Larry Jacobs began his law practice on December 17, 1974, with his admission to the Maryland Bar. Now, with nearly 50 years of service to clients under his belt, he has announced that he will retire, effective on Friday, December 27, of this year. In his varied career, he’s worked in areas from commercial litigation in the early days to business law and estate planning. He’s rightfully proud of his leadership in doing estate planning work for more than 1,000 same-sex couples in Maryland, the District of Columbia, and Virginia.

Planning for Incapacity

Incapacity may be sudden, such as a car accident, or the result of a gradual decline, such as Parkinson’s Disease or dementia.  It may happen at any phase of your life.  Being prepared by authorizing others to act for you is key to making sure your wishes are respected, and your finances are secure.

10 McMillan Metro Faerber Attorneys Recognized in the 31st Edition of The Best Lawyers in America

First published in 1983, the Best Lawyers in America® list is a peer-reviewed guide whose core mission is to highlight the top legal talent in the nation. Its involved selection process involves nomination, peer review, and extensive feedback analysis to provide a trusted, thorough evaluation of the nation’s best lawyers.

Last year, 6 of our accomplished attorneys were honored with places on the Best Lawyers list. Our firm is delighted to announce that 10 of our attorneys have received coveted spots on the upcoming 2025 list.

McMillan Metro Faerber Attends Mega Multi-Chamber Mixer

A tight-knit community is a strong community. McMillan Metro Faerber is proud to reciprocate the support our local networks provide us through our Potomac Chamber of Commerce membership. As Chamber members, we enjoy numerous opportunities to connect with professionals in our field and others, including the recent Mega Multi-Chamber Mixer held at the Crossvines event center in Poolesville.

The Green Death Care Options Act

There is a growing trend in the United States to choose green “death care” options.  My clients bring this up more frequently these days.  They are choosing to put this in their estate planning documents as their plan of choice. The term “Green Burial” means that the body is buried, but there is no embalming of the body, no liners or vaults, using biodegradable containers, whether caskets, shrouds, or nothing at all.  The Green Burial Council (GBC), a non-profit organization that encourages environmentally sound burials, states that “Green burial is a way of caring for the dead with minimal environmental impact that furthers ecological aims such as the conservation of natural resources, reduction of carbon emissions, protection of worker health, and the restoration and/or preservation of a habitat.”

Selling Your Business? The Final Price Isn’t Always Right.

Fair warning if you are selling your business: The price you and the buyer agree to may not be the price you actually get due to a common and very important term known as the “working capital requirement.” If you’ve never sold a business before, the working capital requirement may come as a big surprise. You are likely to encounter it for the first time in the letter of intent, the first occasion when major terms of the deal are put down in writing.