Our firm understands government and corporate employees who have worked hard to accumulate an inheritance that they wish to pass down to their families. We work to create a personalized estate plan that protects your family assets and ensures that your wishes are carried out as planned. The goal is to work with you to create documents with a minimum level of complexity, using simple language on the papers you sign. All of your documents will be prepared by a lawyer to ensure that your estate plan reflects the desires that you convey at our meetings, phone conversations, and written correspondence that you provide.
Frequently, clients come to our office with computer generated wills and trusts that they do not understand; and worse, the documents fail to account for their unique situation such as providing for a disabled child, an elderly parent, or children from a prior marriage. Our lawyers can create a plan based on trusts, wills, powers of attorney, and advanced directives that is right for your unique situation.
“From everyone who has been given much, much will be demanded: and from the one who has been entrusted with much, much more will be asked.” Luke 12:48, New International Version, 1984.
Those of you have been blessed to accumulate a substantial amount of assets have a choice in determining what happens to your estate. Proper planning is a responsible action ensuring that your family is provided for and an opportunity for efficient charitable giving through bequests that express your wishes. The alternative is to allow Maryland laws determine who gets your estate; poor planning can trigger taxes exceeding 50% depending on the size of your estate and your beneficiary designations.
Even more important than minimizing costs, you will prevent family conflict by creating an estate plan that reflects your wishes and that your heirs will understand. We can assist you in setting up a legacy that reflects how you want to be remembered. Please give our office a call or send an e-mail to get the process started.