Think estate planning is just for the ultra-wealthy or elderly? Think again. If you have loved ones, assets, or a vision for your legacy, estate planning is for you. It’s about making your wishes known, protecting the people you care about, and gaining peace of mind—no matter what the future holds. Working with an experienced estate planning lawyer ensures that your plan is thorough, legally sound, and aligned with your personal goals.
At Compass Law Partners, we understand that no two lives—or legacies—are the same. Whether you need a straightforward will or a sophisticated trust arrangement, our seasoned attorneys will tailor a plan to your unique needs. Serving clients throughout Maryland and the DMV, we offer expert guidance in estate and asset protection planning. Ready to take the next step? Call us today at (240) 560-3030 to learn more about our estate planning services.
What’s the Big Deal About Estate Planning?
Here’s why estate planning is more than just paperwork—it’s a powerful tool for:
- Peace of mind: With a legal plan in place, families can avoid confusion and conflict in times of stress. Sleep easier knowing your loved ones are taken care of and your wishes will be honored.
- Avoiding probate: Skip the stress, delays, and public exposure of the probate process. Proper planning with an inheritance planning lawyer can keep your affairs private and ensure a smooth transfer of assets.
- Protecting your family: Appoint guardians, create trusts, and ensure your children and heirs are financially secure. This is especially important for young families, blended families, or those caring for dependents with special needs.
- Giving with impact: Direct your wealth to causes you care about while potentially lowering your estate tax burden. Strategic charitable giving and tax-efficient planning can preserve more of your estate and extend your legacy.
Essential Documents for a Solid Estate Plan
- Will: The cornerstone of your estate plan. Decide how your assets will be distributed and who will carry out your wishes.
- Trust: A flexible legal tool for managing and protecting assets—during your life and after.
- Durable Power of Attorney: Appoint someone to handle your finances if you become unable to do so.
- Healthcare Power of Attorney: Ensure someone you trust can make medical decisions if you’re incapacitated.
- Living Will: Clearly state your preferences for end-of-life care to spare your loved ones from difficult choices.
“The General Assembly will have to tackle a significant budget shortfall which amounts to $1 billion in the current fiscal year, $2.7 billion in the next fiscal year, and will continue to grow from there. With the Moore Administration resistant to tax increases, we can expect some difficult budget decisions to be made with respect to spending cuts and legislature-led tax measures. Many things are on the table including a sales tax on services and corporate tax reform.” –
“The election of State Senator Sarah Elfreth to the US House of Representatives, leaves an open seat in the State Senate. Both Delegate Dana Jones and Delegate Shaneka Henson have indicated their interest in moving to the Senate. The Anne Arundel Democratic Central Committee will decide in the next several weeks which delegate will get the Senate seat. This also means that a seat will open up in the Maryland House of Delegates when one of the two candidates gets the nod. Stay tuned to Compass for developments and changes in the Maryland legislature.” – 
