The Pinder Plotkin Legal Team Can Help!
As part of having a community practice, the Pinder Plotkin Legal Team offers basic estate planning documents. We have found that while “estate planning” has become a big money making bonanza for some Towson and downtown firms, most middle class families just need a basic will and powers of attorney to serve their needs. Most of the time we can produce these documents for $150.00-$250.00 each, and can turn them around in one week. If, however, you do need a sophisticated “living trust” we do work with very experienced attorneys.
Because estate planning allows an individual to ensure that his or her property will go to the people he or she wants, in the way he or she wants, and when he or she wants, it is important for everyone, even if an estate is likely to be small, to have an estate plan. An estate plan can help to reduce tax liabilities, court costs, and attorneys’ fees, and it can also make it easier for families to cope with the administrative and financial issues that arise after the loss of family members. Not only do we offer estate planning, we can also assist your family in administering your estate (the probate process).
Estate plans should typically include three important estate planning instruments:
- Durable Power of Attorney
- Will (Last Will & Testament)
- Advance Directive
A Durable Power of Attorney is a document that authorizes a person to make decisions for a person who has become incapacitated, including decisions about the incapacitated person’s property.
A Will is a document that sets out the plan to distribute a person’s property after his or her death.
An Advance Directive (also called a medical directive, a physician’s directive, a written directive, medical power of attorney or a durable power of attorney for healthcare) is a document that: designates a person to make healthcare decisions for a person who has become incapacitated, a healthcare proxy (also called a proxy directive); designates a person to make healthcare decisions regardless of a person’s incapacity; and includes a living will to express a person’s desire regarding the use of extraordinary measures to extend her or his life when there is no reasonable expectation of recovery.
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