In school we were all told, “There are no stupid questions,” and the same idea can be applied in this environment. Fully understanding the process will help you feel more comfortable and your attorney provide better service. Here are some things to consider asking your attorney during the estate planning process.
One of the most important factors when choosing an elder law attorney is your comfort in working with them. Asking these and similar questions can be a good way to learn more about the person who will be assisting you with sensitive and important matters.
These documents primarily name someone who will be able to make certain financial decisions for you. But they can also serve different purposes which should be fully discussed with and explained by your attorney.
Even if a family member knows your wishes regarding end of life care, they cannot make these decisions if you become incapacitated without a valid health care proxy, MOLST form, or court order.
Many elder law attorneys, including those at Abraham & Bauer provide representation inn disability cases in addition to estate planning. We can assist with establishing trusts, applying for governmental assistance, having the court appoint a guardian, and many other related matters.
The State of Maryland and the Federal government both have placed taxes on certain inheritances. Your attorney will be able to advise on how to ensure your hard earned assets go to your loved ones. There are also certain governmental assistance programs such as Medicaid with income thresholds. An attorney familiar with the area can also help ensure you do not run afoul of these restrictions.
So long as you are mentally competent a properly drafted will can be executed at any time. Realistically this means you only need to update this document after life changing events such as marriage, the death of an immediate family member, or a significant change in assets.
Mr. Abraham is an experienced attorney and founding member of the Law Firm of Abraham & Bauer. The Towson, MD office of the firm concentrates its practice in Estate Planning, Elder Law, Probate, Medical Assistance (Medicaid), Guardianship, Asset Preservation and Fiduciary Representation.
He is an active member in a number of professional organizations that focus on law, the senior community, and estate planning. He works with clients in Central Maryland, especially in Towson, Hunt Valley, Lutherville/Timonium, Parkville, White Marsh, Bel Air & Northern Baltimore City.
Schedule a consultation to help you and your loved ones.