Estate planning is not just for the rich. We all need to take time to plan so that our assets are protected and our families are not burdened by our passing. If you do not have a will (or have one you haven’t reviewed in years), call the experienced Maryland Estate Attorneys at the Grafton Firm today for a free consultation.
If you are grieving the loss of a loved one let us help you administer his or her estate. We can help you file the necessary forms to open an estate and distribute assets according to the will and/or Maryland law.
We take into consideration the complexity of your plans, the types of assets you own, and how you wish to divide your estate among your family. Our goal is to make wills and other estate planning documents accessible and affordable to all.
Trusts are legal entities that can own property. They can be established during your lifetime or after you pass away and can be used to provide lasting income or asset protection to your family. A trust is an excellent tool to use to set aside assets for your children.
When someone passes away, whether they have a will or not, their assets need to be handled according to the laws of their state. Most of the time, an estate will have to be created with the Probate Office, and an Estate Administrator will need to be appointed. Although almost anyone can be an Estate Administrator, it is a lot of work to do while you are grieving. We can handle this for you during this difficult time.
A Power of Attorney is a legal document where you can give another person the authority to make decisions on your behalf. There are Financial Powers of Attorney and Health Care Powers of Attorney. You should consider establishing powers of attorney so that others can handle your affairs (e.g., pay your bills) or make medical decisions for you if you are unable.
An Advanced Directive explains what type of medical treatment you want to be used on you. This is an important document to have in case you are unable to explain your wishes when treatment is needed. A specific type of Advanced Directive, called a Psychiatric Advanced Directive is particularly important for people with psychiatric conditions that may cause them to be legally incompetent at times.