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Estate Planning

We so often hear that hard work is the path to achieving the American dream. But retaining as much of our earnings as possible for our families can be a challenge. An estate planning attorney can work with you to assure that your hard work results in the accumulation of assets that are protected from liabilities. Asset protection planning can help you to ensure that gift and estate tax liabilities are minimized for your family after you have gone.

Like it or not each day of our lives we get older. If you need extended nursing home care, you will want to ensure that the assets you have spent a lifetime accumulating will not suddenly disappear. Your home and other assets will need to be protected for your surviving family members. The court will appoint a stranger to act as your conservator or guardian in the event you have not previously chosen one. These are issues over which you have control, and consulting with an estate planning attorney will allow you to plan for your future.

Each year people die who have not prepared a will. When this occurs, the law dictates how an individual's property is distributed, and a court may pick the guardian of your children. Dying without an estate plan can also increase the likelihood that your surviving loved ones will not be cared for. Too many people put off addressing these important issues. Don't let it happen to you.

In many cases in which a person becomes incapacitated, courts appoint outsiders to make decisions regarding the incapacitated person's financial affairs and health matters. The way to ensure that a person of your choosing who knows your wishes and will act on your behalf is to execute a power of attorney to designate an agent or attorney-in-fact.

Severna Park Estate Planning Attorney

Are you seeking peace of mind for yourself and financial security for your loved ones? A skilled estate planning lawyer can guide in creating a plan to pass your estate to your survivors with limited tax liability according to your final wishes. For nearly 40 years, estate planning attorney E. James Thompson Jr. has counseled clients in establishing wills, trusts, medical directives, and powers of attorney, and our Severna Park, Maryland-based law firm can do the same for you and your family. Contact us to discuss your estate planning objectives with an experienced lawyer known for providing clients with direct access and personable service.

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Office Location

Law Offices of E. James Thompson, Jr.
523 Benfield Road
Severna Park, Maryland 21146
Phone: (410) 793-1261
Fax: (410) 518-6695
[email protected]