Estate Planning Attorneys in Ocean Pines
Protect Yourself & Your Family with Our Support
An estate plan is much more than figuring out who gets what when you pass away, and not enough people tend to appreciate the many other ways it can help them and their loved ones. While a basic will or trust is good for settling property division matters and limiting the time it takes to administer an estate, there are many more opportunities people can take advantage of in estate planning.
At Hearne & Bailey, P.A., we can provide the support our clients and their families need when they feel it’s time to do a little more with their estate plan. We can provide the advice and services you need to address matters such as tax planning power of attorney, advanced healthcare directives, and more. Whether you know what you want to do with your plan or need our guidance to help you build one that works for you, our estate planning attorneys in Ocean Pines are prepared to provide the individual level of support you need.
If you are trying to deal with matters someone left behind, Hearne & Bailey, P.A. also offers assistance with the estate administration process. Should a dispute arise at any point regarding a loved one’s estate, we can additionally render estate litigation services.
For more information about what’s possible when you work with Hearne & Bailey, P.A., schedule a consultation by calling (410) 618-0903 or by filling out our online contact form.
Avoid Passing Away without a Plan!
When a person passes away or becomes incapacitated without an estate plan – even a simple will – it can mean a lengthy and costly probate process for their families. Rather than the will guiding the administration process, the court will appoint a representative to administer the estate and the state’s intestacy laws will determine inheritance.
The only way to ensure your estate is to be divided according to your wishes is to build an estate plan that is as unique as you.
A comprehensive plan may include the following:
- Your will
- Powers of Attorney
- Guardianship over minor children
- Advanced Directives for Medical Care
- Retirement Planning
- Revocable Living Trusts
Questions You Should Ask Yourself before Planning
There are a number of considerations everyone should address before they approach estate planning and as they move throughout the process.
Some of these key considerations include:
- Will I have enough money when I retire?
- Will I be able to afford a nursing home?
- What kind of medical care do I want if I’m approaching the end of my life?
- To whom should I leave an inheritance, and how much?
- Who do I trust to take care of my minor children if I’m no longer around?
If you want to minimize your estate’s exposure to unnecessary taxation, Hearne & Bailey, P.A. can help. Together, we can work out a plan that can reduce what your estate will owe in income, gift, estate, and generation-skipping taxes.
By minimizing what you pay to the government, you can ensure that your loved ones will have more to benefit from when you pass on. Rest assured that if finding a way to lower your estate’s tax liability is an important issue to you, our estate planning attorneys in Ocean Pines have the experience necessary to come up with solutions that can work for you.