Frederick, Maryland, Wills Lawyer

Establishing Wills, Trusts and Powers of Attorney Throughout Maryland, West Virginia and Pennsylvania

An experienced lawyer can help you understand the advantages and drawbacks of various estate planning instruments. Arthur Boyce has practiced law since 1986, and has helped individuals and families throughout Maryland, West Virginia and Pennsylvania with their estate planning needs.

A will is a common part of an estate plan and one that people tend to be most familiar with. A properly drafted will provides for the distribution of your property upon your death. Another vital estate planning document is the power of attorney. Under a power of attorney, you will give someone the power to make decisions for you in the event you are incapacitated. A power of attorney can take on many forms from a general power of attorney, which gives a person the right to act on your behalf in a variety of situations, to a medical power of attorney, which permits a person to make health care decisions on your behalf if you become incapacitated.

An advanced medical directive, or living will, is another important estate planning document. Your advanced medical directive will give specific instructions regarding life sustaining measures for your loved ones to follow in the event you are unable to make these decisions later.

What Can a Trust Do for Me?

Trusts are becoming an increasingly popular estate planning option. Trusts can be set up in your Will, known as testamentary trusts, or can be set up during your lifetime, known as irrevocable or revocable Trusts. Trusts can be a useful device to "reach beyond the grave" allowing you to direct the distribution of your assets long after your death.

Life Insurance Trusts can have tax benefits to your estate. Revocable or Living Trusts can avoid the expense and delay of probate. If you have property in different states, a revocable trust will avoid probate in multiple jurisdictions. Additionally, assets in a trust can be distributed quickly upon your death. Regardless of your situation, Mr. Boyce can help you decide on which estate planning instruments will best meet your needs.

Contact Frederick, Maryland, Wills Attorney Arthur W. Boyce

If you would like to discuss how a will, trust or power of attorney can benefit you, call 240-575-5088 or e-mail his office today.

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