Personalized Estate Planning And Probate Guidance
Whether you are starting a family, growing a business or approaching retirement, the Costello Law Group with a law office based in Towson, Maryland, can help you plan for the unexpected. Their comprehensive estate planning lawyers aim to provide you with a plan that is tailored to your assets, your loved ones and your wishes.
When you meet with the experienced estate lawyers at the Costello Law Group during a free initial consultation, they take the time to learn about not only your assets and liabilities but your long-term goals. Then, they will provide straightforward legal advice regarding the most efficient, cost-effective. Serving Baltimore, and nearby cities since 1994.
More Than 25 Years Of Experience
Representing Clients In Baltimore And Nationwide
The Basic Foundation Of An Estate Plan
For many individuals, a basic estate plan will include:
- Powers of attorney: Designating an individual who will be able to make financial and legal decisions on your behalf when you are unable to make them yourself.
- Advance directives: Designating an individual who will be able to make medical decisions on your behalf when you are unable to make them yourself.
- Wills: Providing instructions for the transfer of your property after death and appointing individuals to handle your affairs.
In addition to these basic components, estate plans may include a variety of different trusts which serve unique purposes. Thomas Costello, the founder of the Costello Law Group, has both a legal master’s degree (LLM) in taxation and a certification in estate planning, which allows him to walk clients through all of their options while considering the tax consequences.
Administration And Litigation Of Estates
In addition to their comprehensive MD estate planning practice, the Costello Law Group walks clients through estate and probate administration and advocates on their behalf when conflicts in the estate administration process lead to disputes. Their attorneys provide attentive, compassionate service to clients at a time when many are grieving the loss of a loved one.
The Costello Law Group also represents clients in guardianship proceedings, helping them gain the ability to make decisions on behalf of loved ones who can no longer care for themselves. These difficult times require expedient action and the assistance of a seasoned attorney who can minimize roadblocks and make the process as easy as possible.
Estate Tax Planning and Advice
Transferring property is often followed by both state and federal estate taxing. While paying taxes is a must, there is no reason why you should pay more than necessary.
With proper guidance from Costello Law Group, your family will pay the lowest amounts of taxes, and get the most benefits, completely legitimately. This can be achieved through various methods, some of which include LLCs, trusts, gifts or partnerships.
Estate Planning Experts
Costello Law Group has attorneys who specialize in estate planning. While you could probably get a decent estate plan from a general practitioner most of the time, that is just not good enough. The future of your family is what this is all about, and you need to put something that important into expert hands.
With Costello, your privacy is safe, and your family will be taken care of. Attorneys with an abundance of experience who specialize in MD estate planning are at your service. Capable, reputable, and above all professional, Costello Law Group will approach your estate planning with diligence, providing expert advice obtained through years of practice.
It’s Called Planning For The Future, Not Pessimism
It is not pleasant thinking about it, but making sure everything is under control when the inevitable happens is essential. Only irresponsible people leave that to chance – you are not planning your death, you are planning for the living that stays. You will make it a bit easier for them, not having to deal with papers and lawyers at those stressful times.
While it is straightforward to write a will, doing everything properly and making sure your descendants get the most benefit takes a more detailed approach. For that, you will need a lawyer that is going to help you plan your estate.
Costello law firm is a team filled with estate planning attorneys, ready to aid you in the process, making sure your will is turned into reality when the day comes. The only way to do this right is to trust your estate in the hands of professionals, and Costello Law Group is exactly that. Don’t leave anything to chance!
It Is About Having Control
Most people die without a will, and that’s a fact. When that happens, all possessions are transferred to their next of kin, by the power of MD law.
While there is nothing wrong with that, it is far from ideal. It is a much better idea to have a will, or other legal constructions such as trusts, set up before the day comes. That is the only way to make sure that your valuables end up in the right hands, and that your family gets the most out of it.
Estate planning guarantees that your last will gets materialized to the letter, while at the same time helping your loved ones get the most out of it while minimizing their stress in such painful times.
state planning also lets you plan out your last days. While it may sound grim, maintaining full control even in such times is what makes us human. You will be able to choose the level of medical care you want to receive when the time comes.
Also, you can set forth funeral arrangements, choosing how everything gets paid, and giving instructions on how it should be done. That way, you will save your family from the added stress of having to think about what is appropriate, and what isn’t.
You Can Change Your Mind Later
An estate plan is not set in stone. If you change your mind later, you can always remove, or add new things from it. Updating it is actually needed in most cases, especially if you created your will or estate plan decades ago. Circumstances change, but laws change too, and you would be wise to consult inheritance law experts to keep everything under control.
Costello Law Group will make sure your estate plan has everything covered. Their experts follow any legislature changes closely, keeping up with the best practices, both in the area of inheritance and tax law. Your will and your family are in good hands.
Benefits Of Having Estate Planned Out
Besides the obvious benefit of making sure your will is turned into reality, planning your estate with Costello law has many other advantages:
- Minimizing taxes – through the right legal tools, you can make sure that your loved ones get the most of your possessions.
- Quick transfer – your family will have to face fewer legal hurdles, making those painful times a little less stressful. Your loved ones can even get some funds immediately, through living trusts and bank accounts that are payable on death.
- Medical care and funeral arrangements – you can arrange everything ahead of time, saving your family from those hard to make decisions.
Get Sound Advice From A Wills And Trusts Lawyer
There is no substitute for individualized legal advice that accounts for your unique situation. Set up a free initial consultation with a Towson attorney at the Costello Law Group via email or by calling at 410-832-8800 or toll-free 877-418-0003.