The Law Offices of Scott Alan Morrison, P.A.
Frederick
Location
301-694-6262
Hagerstown
Location
301-293-0010

An estate plan should be on every Maryland resident's to-do list

Estate planning is essential for ensuring that money and property owned by a person at the time of his or her death are distributed according to his or her wishes. Maryland estate plans are important for many reasons, including the peace of mind of the benefactor. This peace of mind often comes from knowing that one's family members will not be fighting over assets after one's death because a solid estate plan is in place.

In addition to providing peace of mind, an estate plan also allows a person to prevent the state from making decisions concerning the distribution of his or her assets. By controlling the distribution of assets, one can also lower the tax burden heirs will end up facing. Inheritance taxes are complex and an understanding is necessary for the proper planning for one's estate.

While there are many different ways to plan an estate, the most regularly used document is the will. A will defines to whom assets go after death and can even appoint a person to care for minor children. Trusts are also important, especially for those with minor children, so that it is defined when and how the money left to those children can be spent. By using a trust, one can outline how and when money can also be released to ensure that it is spent in the ways that one desires.

An estate plan is an important matter for a Maryland resident. It can help to ensure that one's estate is disbursed in the way in which one desires for it to happen. Attorneys who focus their practices on estate planning can assist individuals and couples in making estate planning decisions that will meet their needs and protect their assets for future generations.

Source: cheatsheet.com, "A Beginner's Guide to Estate Planning", Brian Wu, March 3, 2015

No Comments

Leave a comment
Comment Information
  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
Form Submit Button

Schedule Your Free Consultation Today

For more information and a free consultation with a Maryland estate planning attorney, call us at 301-694-6262 or fill out the form below. We provide clients with the estate services they need.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We have offices in Frederick and Hagerstown, Maryland, to serve you.

Evening, weekend and off-site appointments are available upon request. Free parking is available at our Frederick office.

Our office will follow the same closing & delays as Frederick County Public Schools for both offices due to inclement weather.

Frederick Office
141 W Patrick Street
Suite 300
Frederick, MD 21701

Phone: 301-694-6262
Fax: 301-668-8884
Map & Directions
Frederick Law Office Map

Hagerstown Office
Cornerstone Wealth Center
19833 Leitersburg Pike
Suite 1
Hagerstown, MD 21742

Toll Free: 866-220-5185
Phone: 301-293-0010
Map & Directions
Hagerstown Law Office Map

Contact This Office Contact This Office