Estate Planning Lawyer Upper Marlboro MD
We are about developing personalized strategies to help you administer and distribute your assets per your preferences. We provide a wide range of services meant to make your work easy. The services we provide include:
You should start thinking about planning for your estate as soon as you have assets or dependents. You don’t have to wait until you are wealthy to do it. Since life is unpredictable, we recommend you have a strategy to safeguard your loved ones and valuables regardless of the size of your wealth. We help you develop a strategy regardless of your age and wealth.
Estate tax planning attorney Upper Marlboro MD
Working with an estate tax planning attorney with experience and familiarity with tax laws and regulations is essential to have an easy time. We help you navigate the complexities of estate taxes and formulate plans to reduce the taxes owed by your estate.
We recommend that you have a plan as early as possible to have more options and time to implement the strategies.
Asset protection attorney Upper Marlboro MD
Your assets can be exposed to numerous risks, such as lawsuits, creditor claims, etc. Since the amount of protection your assets require differs from your neighbors, we help you develop a customized asset protection strategy that depends heavily on your unique situation.
We evaluate your unique case, offer individualized counsel, and create a custom plan to preserve your assets properly.
Will lawyer Upper Marlboro MD
Besides drafting a will, we also help clients identify potential outcomes and include backup plans in their will. This involves designating backup beneficiaries, executors, or guardians if the first candidates cannot fulfill their responsibilities.
Keeping Wealth in the Family
Working with a skilled lawyer specializing in wealth preservation is crucial because every family’s circumstances differ. Here we offer individualized guidance and create a thorough strategy adapted to your family’s requirements and objectives.
Revocable Living Trusts
These trusts give you the power to manage your assets while you’re alive, avoid probate, safeguard your privacy, make incapacity plans, and ensure a smooth transfer of assets to your beneficiaries after your passing. We help you come up with expertly drafted and legally binding trusts.
Business succession planning
Whether you are looking to transfer your business to family members, sell it to staff or outside bidders, or shut it down, we help you develop a thorough succession plan that puts into consideration things like ownership transfers, managerial succession plans, organizational structures, tax issues, and backup preparations for unforeseen circumstances.
As much as you are doing charity work, you must comply with several rules and regulations. We guide you through the legal obligations of charity gifts, ensuring your giving complies with all relevant rules and laws.
Powers of Attorney & Advance Directives lawyer
Advance directives and powers of attorney guarantee your preferences are honored, and your interests are safeguarded in case you are incapacitated or unable to make decisions.
We help you draft the necessary documents that honor your wishes.
Life Insurance Trusts
We help assess if a life insurance trust fits your situation well. To do this, we consider things like your life insurance policy values, anticipated estate tax obligations, and the desire for a smooth transfer of wealth to beneficiaries.
Special needs trusts
Special needs trusts come in various forms, such as first-party, third-party, and pooled trusts. We help you determine the best trust structure based on your needs, the source of the assets, and the level of control and flexibility you need.
Once established, an irrevocable trust cannot be altered or revoked. You can use it in different things, including asset protection, inheritance tax planning, charity giving, and maintaining family wealth. We take time to understand the precise objectives you hope to accomplish with the trust, then draft one that matches your need.