Estate Planning In Towson, Maryland

Find the right Estate Planning attorney in Towson, MD

Estate planning in Towson, Maryland is simply the act of deciding what you want to happen to your assets after your death. It normally entails making plans about funeral arrangements, as well as plans for end of life care.

Typically, the first thing a person thinks about when they think about estate planning is a will. A will dictates what occurs to a person's property after they die. In general, you can leave your property to whomever you want, and attach almost any condition to such gifts. In the vast majority of estate plans, a will is the central component. It is rarely the only one, however.

Besides a will, a quality estate plan will contain a living will, which gives your doctors and relatives directions regarding your healthcare in the event that you become incapacitated, funeral arrangements, and instructions on organ donations.

If you have young children, it is absolutely crucial that you make arrangements for their care, as well as their custody. Obviously, if you want someone specific to take custody of them in the event something happens, you need to discuss the matter with them, to ensure that they are actually able and willing to care for them.

What Type of Estate Plan Do I Need in Towson, Maryland?

The answer to this question varies on your individual needs, your priorities, your health, and the size and nature of your estate.

For example, if you're unmarried, and in your early 20's, estate planning is probably not the most critical thing in your life. However, if you're seriously ill, and/or unusually wealthy, estate planning might be a priority for you.

If you are unmarried, but have a life partner in Towson, Maryland, estate planning is crucial, if you wish for your life partner to be treated as if he or she were your spouse (to the extent possible). In such a case, the estate plan should make arrangements to give your life partner power of attorney in case you become incapacitated. Your will should also precisely include your partner (if you wish for them to inherit any of your assets).

Individuals who are elderly and/or have a massive amount of money in Towson, Maryland are probably more in need of an estate plan than almost anyone else. Most people place a lot of value in the peace of mind that comes when they know that the people they love, or the causes they care about, will be taken care of after their death. Of course, nobody likes to confront the facts that this process always contains, but it's imperative.

Do I Need a Towson, Maryland Estate Planning Attorney?

In Towson, Maryland, estate planning is rarely simple, even if it's not the most difficult thing in the world. Given the importance of what's at stake (the financial security of your loved ones), a good estate plan is essential, as is the help of an attorney who specializes in wills, trusts, and estates law.

Talk to a Wills, Trusts and Estates Law Attorney now!

Life in Towson

Towson, Maryland is the county seat of Baltimore County. Its population of over 53,000 residents makes it the second largest unincorporated county seat in the entire U.S. Towson is recognized as an excellent city for retail and shopping endeavors.

The highlight of Towson is the Towson Town Center. The Town Center is Baltimore County's largest indoor shopping mall. It has four stories filled with all types of different shops, including a unique bookstore located structurally underneath Joppa Road. Another great place to visit is Alleghany Avenue, Towson' main downtown street. Alleghany Avenue is famous for its wide variety of local eateries.

Education is also a major aspect of Towson life. Towson University (TU) is located in the city and has an associated body of 20,000 students. The largest business school in Maryland is located at the University, as are the Towson Center arena and Unitas Stadium.

Several prominent persons have called Towson their home: football legend Johnny Unitas, Olympic swimmer Michael Phelps, and writer F. Scott Fitzgerald, to name a few.

The Maryland District Court has a branch conveniently located in Towson. The District Court is where most Towson lawyers file legal claims. Lawyers in Towson, Maryland are a great asset to the city and its community.

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