Maryland Estate Planning Attorney
Planning for the future helps ensure that you and your loved ones won’t be a victim of circumstances.
Estate planning is more than drafting wills and powers of attorney — it is a way to protect your interests, both personal and professional. Through a comprehensive estate plan, you can offer those you love – and yourself – protection and security.
The Maryland estate planning attorneys at Lusk Law, LLC, can help you formulate a plan to ensure that your assets are distributed according to your wishes, that your family’s needs are met, and that you are protected should you encounter any misfortune.
How We Can Help
There are many aspects of estate planning that we can use as tools to craft a plan that fits your needs and the needs of your family.
Here are just a few elements that may be involved in a comprehensive estate plan:
Wills – Wills are perhaps the single most important estate planning tool available. Without a will, the distribution of a person’s property will be accomplished according to the default rules provided by state law. A will can override these default rules to reflect your personal preferences.
Estate Administration – Almost as important as the wishes you set forth regarding the distribution of your property and financial assets, is the choosing who will be in charge of managing and distributing your estate property. We can help you determine who is best suited for that role and make sure that they are given assistance in executing your wishes.
Guardianship – Guardianship is a legal relationship whereby the court gives the guardian the power to make personal or financial decisions for another. A guardian may be appointed when the court determines that an individual is unable to care for herself and her estate by reason of mental illness or physical incapacity. Guardianship is appropriate when impaired judgment or capacity poses a major threat to a person’s welfare.
Living Wills – A living will makes clear a person’s wishes regarding their end-of-life care. Through a living will, you will specify your wishes regarding the use of devices like feeding tubes and ventilators, and you will designate who will be responsible for making important decisions about your treatment and care.
Powers of Attorney – A POA grants authority to another party to handle your affairs in the event of certain circumstances. There are different types of POAs, each granting different responsibilities to someone under different conditions. We will work with you to determine which ones fit your needs and the needs of your loved ones.
Trusts – Trusts are a powerful estate planning tool. They can be used to place assets in the care of a third party until children are old enough to handle the management of those assets. Trusts can also be used to alleviate tax burdens on certain assets.
There are so many tools available when it comes to estate planning. While they might seem a little overwhelming, with the help of an experienced estate planning attorney, these tools can be used in a variety of ways to design a plan that is highly customized to your specific wishes. Estate planning tools can be used in an almost endless number of combinations to design a plan that fits your needs.
Without a solid estate plan, you are leaving the future of your holdings and your medical care up to chance.
That is a risk no one wants to take. A Maryland estate planning lawyer at Lusk Law, LLC will help you plan for your future, the future of your assets and, most importantly, the future of your loved ones. Contact us today to learn more about how we can help you formulate a plan that protects the interests of you and your family.
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