Your Goals. Your Plan.
Our Estates & Trusts team will work with you to address your long-range plans whether they are simple or complicated. We will help you simplify the complexities and navigate the process in order to protect your assets, provide security for your family and ensure effective management of your assets upon incapacity or death.
As part of that process we will analyze and address potential tax liabilities, disability and special needs concerns, potential or current medical assistance and government benefit concerns, titling of assets, and particular considerations for “blended families,” if applicable. We will work hard to earn your trust by listening to you and crafting an individualized plan that works for you and your family.
We are proud of our level of personal service and commitment, our exceptional product and attention to detail, and the personal relationships we develop with our clients to assist them in the ongoing process of estate planning.
Estate Planning and Wealth Preservation
We utilize various combinations of Wills, Trusts, Powers of Attorney, Advance Medical Directive, and other vehicles to set in place the system to protect those you care about if life's "what if's" occur.
Medical Assistance (Medicaid) / Government Benefits Planning and Qualification
Medical costs are astronomical. With nursing home costs in Maryland averaging between $8,000 - $10,000 per month ($96,000 - $144,000 per year), the fear of running out of money is real. We protect the assets of clients through government assistance qualification - regardless of how much or how little they own. Read more
Disability / Special Needs Planning
The day-to-day challenges of individuals with disabilities or special needs can be costly to overcome. While loved ones may want to provide assistance to these individuals, the manner in which assistance is provided may prevent the individual from having access to government resources and assistance that would other be available. Read more
Although the Estate Tax exclusion amount has increased Federally and for the State of Maryland over the past few years, particular attention relating to taxes needs to be paid to (i) retirement accounts and (ii) assets that have appreciated in value, among others. Planning can significantly reduce the tax burden your beneficiaries may ultimately be subject to. Read more
Business Succession Planning
We develop business plans to protect your current interests and the future interests of your beneficiaries and colleagues. A well-coordinated business plan can help to insulate your business from the disruptions, that accompanies change, whether expected or unexpected. Read more
Probate and Estate Administration
The loss of a loved one is burdensome. When emotions are involved, the strict deadlines and detail necessary to wrap up the final affairs of the deceased individual can quickly become an insurmountable task. We are happy to be a resource for our clients on an as needed throughout the administration process or, if preferred, we can handle the administration process from beginning to end, thereby enabling our clients to focus on the healing process. Read more
Trust Formation and Administration
Trusts are utilized for a variety of reasons. Whether deciding if a trust is an appropriate strategy to meet a client's goals or advising trustees to ensure their compliance with legal and fiduciary obligations, our firm is here to help. Read more
Prenuptial Agreements, Postnuptial Agreements, and
Prenuptial agreements are not all or nothing propositions. These agreements, as well as postnuptial agreements, are designed to serve as baseline for protecting a spouse’s preferences in the event of his or her death. Many spouses that are party to one of these agreements continue to provide for their spouse, regardless of the terms of the agreement. Instead of a prenuptial or a postnuptial agreement, which have certain connotations associated with them, a joint trust may be a more palatable alternative. Read more