About Eugene Kane | Contact Me  |  Home     

 

   

Estate Planning

Many people believe estate planning only applies to wealthy individuals. Estate planning means planning for your future. Without proper estate planning, you will be allowing future decisions to be made on your behalf by a court nominated individual if you become incapacitated or disabled. This would include health care decisions and decisions concerning the management of your assets.

A proper estate plan allows you to make your own decisions concerning your future; decision as to how your property is to be distributed that will ultimately minimize or eliminate estate taxes, court interference and costs, and the expenses of probate. A proper estate plan prepared for you will ensure:

  • You are the one who will provide instructions for your care in the event you become incapacitated or disabled;
  • You will provide security and protection for your loved ones;
  • You will control and manage your assets during your lifetime;
  • Will enable you to provide explicit instructions as to how your assets are to be utilized and distributed after your death;
  • You will be able to maintain your financial affairs private and confidential after your death;
  • You could be able to avoid probate and its associated costs;
  • You will be able to take advantage of minimizing any estate tax liability that you may have;
  • Remain effective even if you move to or own property in another state

A proper estate plan will allow you to direct the affairs and settlement of your estate privately and confidentially. When a loved one dies, the family is grieving and distressed. The family should not have the added burden of having to go through probate. Probate will diminish your estate and tie your assets up. Your loved ones will have the misfortune of seeing a lifetime of accumulated assets diminished by the costs and expenses of probate.

A proper estate plan will allow you to direct the affairs and settlement of your estate privately and confidentially. When a loved one dies the family is grieving and distressed, a family should not have the added burden of having to go through probate. Probate will diminish your estate and tie your assets up. Your loved ones will have the misfortune of seeing a lifetime of accumulated assets diminished by the costs and expenses of probate.

With a properly drafted estate plan, you should be able to maintain:

  • Control of your assets
  • Plan for the possible disability
  • Determine whom you want to receive your assets
  • How you want them to receive these assets and when

Having an estate plan will:

  • Avoid the agonizing experience of probate and associated costs
  • Determine who you want to manage your assets
  • Determine who will make health care decisions on your behalf
  • Determine who will settle and distribute your assets privately
  • Avoid or minimize your estate tax liability

Having an Estate Plan is essential for everyone. Call today for a free consultation to determine your estate planning needs.


   
 

Licensed Maryland & Washington, D.C.
Legal Disclaimer

©2011 Eugene I Kane, Jr.
ALL RIGHTS RESERVED

Law Offices of Eugene I Kane Jr, represents businesses, employees and employers in Baltimore, Bethesda, Frederick, Germantown, Ocean City, Washington D.C., Baltimore City County, Baltimore County, Frederick County, Howard County, Montgomery County, and Prince George's County. We represent clients on the Eastern Shore, Hagerstown-Cumberland, and the Maryland Suburbs of Washington D.C.