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Planning for the future is more than just an exercise in good intentions; it’s a legal process. At Liberty Legacy Law Group, we understand that no two families are the same and provide customized solutions that protect your assets, preserve your wishes, and provide you with the peace of mind you deserve. Let a Columbia estate planning lawyer guide you through Maryland’s complex estate planning laws with knowledge and sensitivity.
When it comes to protecting your financial future, few decisions carry more weight than who you choose to hire as your estate planning attorney. Estate planning involves much more than just writing a will. It’s an ongoing process that helps you plan for life’s uncertainties, with the goal of ensuring that you, your family, and your assets are protected under the laws of Maryland.
With the assistance of a skilled Columbia estate planning attorney, you can rest assured that your documents are legally enforceable, up to date, and tailored to your unique goals. On the other hand, if you move forward without the benefit of legal counsel, you may leave your estate exposed to challenges, excessive taxes, and probate delays. Hire an estate planning lawyer for your future needs.
At Liberty Legacy Law Group, we’re not just planning for the future we’re honoring the lives, stories, and values that matter most.
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Maryland’s estate planning laws are unique in many ways that directly impact your estate. For instance, Maryland imposes both an estate tax and an inheritance tax. Tax planning is an important aspect of any Maryland estate plan. Maryland also has an Elective Share law that allows a spouse to inherit a large portion of an estate, despite the instructions in a will.
Approximately 19% of Americans believe they will pass away, leaving no assets of value behind, and over one-half of Americans feel they will leave $50,000 or less in total value for their heirs. 55% of Americans have no estate planning documents whatsoever. Estate planning laws also include rules for making trusts, powers of attorney, health care directives, and naming guardians.
Legal documents require meticulous preparation to meet your specific state’s requirements. In Maryland, people can create living wills and advance medical directives, but these documents require specific execution and witnessing procedures. A Columbia estate planning attorney takes charge of all technical documentation requirements for your estate plan.
Your estate plan may include several different components. The elements you include will be based on your specific desires and situation. Some common elements in an estate plan include:
Maryland’s estate planning regulations integrate advanced instruments like charitable trusts and spendthrift trusts, which deliver both tax advantages and creditor asset protection. Every piece is a part of a larger plan that works together to ensure your legacy is passed on in a manner that aligns with your values and priorities.
The origin of our story dates back over 30 years, when Kaitlyn Tauber and Melissa Paddy developed a friendship that eventually led them both to earn licenses as estate planning attorneys. Since that time, our bond of trust and mutual respect has only grown stronger. We have found common purpose in building Liberty Legacy Law Group and practicing law with compassion and integrity.
Kaitlyn and Melissa are members of the Maryland State Bar Association and the Estate Planning Council of Maryland. The two women proudly serve Columbia and the state of Maryland. Whether you are starting with a will or need an attorney to represent you in the Howard County Circuit Court, we are here to guide you through the process with professionalism and compassion.
Estate planning is not just for the rich. It can benefit any asset owner, any parent or other caregiver, or any person who wants to direct how their property will be distributed. In many cases, even relatively small estates can be spared the delays of probate, the costs of taxes, and the risks of disappointment through careful planning.
The executor’s fee in Maryland is generally based on a percentage of the estate’s value. However, there are several factors that can impact the executor’s fee amount. The fee is determined by the time and effort required to settle the estate, the complexity of the estate, and the experience and skills of the executor. The fee is also limited by state law and must be approved by the court.
An estate attorney may be necessary if you own real property, have a large estate, belong to a blended family, have a business to pass on, want to avoid probate issues, are likely to have disputes between heirs, or are concerned about reducing taxes. They may also be helpful if you have special needs, such as requiring trusts, powers of attorney, or healthcare directives to ensure your wishes are legally carried out.
Start by looking for a lawyer who is familiar with estate planning laws in your state and has a history of successfully dealing with similar cases. Other qualities you want to look for in a good estate lawyer include clear communication, transparent pricing, and a personalized approach. It’s also a good idea to choose an estate planning lawyer you’re comfortable working with, since the process will involve sharing sensitive information about your finances, family, and wishes.
With a comprehensive estate plan suited to your specific circumstances, you can protect your future and provide peace of mind to your family. Contact Liberty Legacy Law Group right now, who knows estate planning cases.
At Liberty Legacy Law Group, we’re not just planning for the future—we’re
honoring the lives, stories, and values that matter most.