Why do I need a Will?
Every estate has a plan whether you create the plan or leave it to the state. If you do not create your estate plan, the State of Maryland has developed an estate plan for you. Upon death, there are provisions in Maryland law that specify how your estate is distributed based upon your marital status, whether or not you have children, and other factors. What the intestacy law prescribes may not match your desires.
At KMC Law of MD LLC, we will help you decide on the best legal solutions to reach your estate planning goals. By taking the time to understand your goals and the extent of your estate, we will partner together to create a custom plan to protect your assets and secure the future of your estate.
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Generations Plan
We believe estate planning is for everyone and anyone older than 18 should have a plan in place.
With this in mind, KMC Law of MD LLC has created a service specifically for budding families and young professionals called Generations, a flat-fee service for setting up estate planning documents.
What is included:
Last Will and Testament
Financial Power of Attorney
Medical Power of Attorney
Living Will
HIPAA Authorization
Guidelines for Medical Power of Attorney
Personal Property Memorandum
Disposition of Last Remains
Simple and Complex Wills
We recognize that our clients have different personal and financial backgrounds that must be evaluated to insure that assets are well protected during lifetime and beyond. Whether a client has a taxable estate, a small business, or a disabled beneficiary with special needs, an estate plan is designed specifically to meet your needs.
What is discussed:
Tax and non-tax planning Wills
Tax and non-tax planning revocable living trusts
Succession planning for closely held businesses
Advice regarding gift tax issues
Life Insurance, 401K, IRA, Roth IRA beneficiary recommendations
Asset protection planning
Financial Power of Attorney
Medical Power of Attorney
Living Will
HIPAA Authorization
Guidelines for Medical Power of Attorney
Personal Property Memorandum
Disposition of Last Remains