Maryland Estate Planning Attorneys
Who will be in charge of your estate in the event that you are incapacitated or have passed away? That is the question the Law Offices of Jezic & Moyse can help you answer, and plan for.
Designating who will receive your estate before one of these events can save your estate from being heavily taxed, and any arguments that might occur between your family members concerning your final wishes.
Preparing a will or trust can be difficult, as the language of these documents has to be extremely specific. This is where the attorneys at the Law Offices of Jezic & Moyse can assist you!
Why Do I Need an Estate Planning Lawyer?
While it is possible to plan your estate by yourself, many people who have tried have got caught up in all the red tape that comes with estate planning. Estate planning follows strict state laws, and one slip up can be the difference between your estate getting to the people you want. Your loved ones could lose out on your estate, or even worse, fight over it.
We can help you with all of your estate planning needs, to ensure your estate is protected and gets into the right hands in the event of your death or incapacitation.
Our experienced estate planning attorneys have the knowledge to prepare your documents properly, and give you the best legal advice concerning your estate.
Estate Planning Services We Offer
We offer a wide variety of estate planning services. If it concerns your estate, we can help you protect it. Some of our regular estate planning services include:
- Wills – A will is a legal document that sets forth how your property should be handled in the event of your death. Wills also include provisions such as child ownership, business ownership, and other plans of succession.
- Trusts – A trust, commonly referred to as a “living trust,” is very similar to a will. However, unlike a will, a trust takes effects as soon as the trust is created. The creator of the trust, also known as the “grantor”, can still be alive while the trustee is receiving the benefits.
- Powers of Attorney – A power of attorney is a legal document that designates another person (or “agent”) to act for an incapacitated person (or the “principal”) . The agent is expected to act in the interest of the incapacitated person, so choosing a power of attorney requires a great deal of trust between two people.
Differences between a will and a living trust
While both are mainly used for the transfer of property, living trusts are normally used to avoid probate. Living trusts require a notary, and are protected from court challenges. In other words, living trusts are more private.
On the other hand, if you want to name a guardian for your child, you must use a will. Living trusts do not cover the transfer of guardianship. When you leave your estate in a will, you must name an executor to be in charge of handling your estate when you die.
There is no executor in a living trust, but the person you name as a successor trustee will manage the property you left in your trust. If you have both a will and a living trust, it is wise to make your executor and successor trustee the same person.
Benefits of a will
Wills take us a considerable less amount of time to establish compared to trusts. They also require less continuous attention, and cost less to set up. Also, wills do not have to be funded to start holding value.
Benefits of a trust
Living trusts take up a considerable amount of time to establish compared to wills. They also require continuous attention, and cost more to set up. Also, living trusts are useless until you fund them (transfer property into them).
As mentioned, wills are subject to probate. Probate is the court system designed to finalize a person’s affairs, and it can cost you time and money. With a trust, your estate is not subject to interference from the court, and associated fees.
Why Choose Our Attorneys for Your Estate Planning Services?
We are not only the best estate planning attorneys in the area, we are also the most compassionate. We understand that talking about your plans after you pass is a sensitive topic, and can be very difficult for some people. Our employees will discuss any objections and concerns you might have, and will not leave the office until you are one hundred percent comfortable with our plan of action.
Our attention to detail while preparing these complex legal documents is unparalleled, and we do not make mistakes when it comes to planning the future of your estate.
The Law Offices of Jezic & Moyse can be contacted any time, day or night, through the contact form on our site.