Estate Planning & Wills

Estate Planning & Administration

Moses & Aiken has an active estate planning and estate administration practice through which we assist clients in Maryland and Washington, D.C. We design and implement simple and complex estate plans through careful consultation with our clients and the drafting of a vast array of estate planning documents, including Wills, Revocable Trusts and Irrevocable Trusts.

We also have extensive experience in the area of estate administration, and are routinely involved in the administration of estates in the courts of Maryland and Washington, D.C

Estate planning is not meant for just wealthy individuals, it planning for your future and without proper planning for your estate you will be allowing future decisions that could involve your health care and management of your assets to be mad on your behalf by a court nominated individual should you become incapacitated or disabled.

Without proper preparation and documentation, assets—like houses, retirement plans and savings accounts—can end up in limbo for years, sometimes requiring expensive legal assistance to straighten matters out.

Having a proper estate plan means that you make the decisions concerning your future. You will decide through your Estate Plan how your property is to be distributed and thus minimizing or eliminating estate taxes, court interference and costs, and expenses of probate.

Here is what should be stated in your estate plan:

• You are the one who will provide instructions for your care in the event you become incapacitated or disabled;
• You will provide security and protection for your loved ones;
• You will control and manage your assets during your lifetime;
• You will provide explicit instructions as to how your assets are to be utilized and distributed after your death;
• You will be able to maintain your financial affairs private and confidential after your death;
• You could be able to avoid probate and its associated costs;
• You will be able to take advantage of minimizing any estate tax liability that you may have;
• This can become effective even if you move to or own property in another state.

With an estate plan you direct the affairs and settlement of your estate privately and confidentially; allowing your loved ones to avoid probate and what could be a long drawn-out process that could diminish your estate and tie your assets up. They will also avoid the costs and expenses of probate.

Having an Estate plan is essential to all families wishing to protect their assets.