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100 Light Street, Suite 1350, Baltimore, MD 21202
14214 Jarretsville Pike, Phoenix, MD 21131
1 Court Place, Westminster, MD 21157-5110
9920 Franklin Square Dr, Suite 100, Nottingham, MD 21236
100 S Charles St, Suite 1600, Baltimore, MD 21201
520 West Fayette St, Suite 300, Parkville, MD 21234
7310 Ritchie Hwy, Ste 704, Glen Burnie, MD 21061
11419 Cronridge Dr, Suite 7, Owings Mills, MD 21117-6281
606 Baltimore Avenue, Suite 301, Towson, MD 21204
1301 York Rd, Suite 600, Timonium, MD 21093
111 S. Calvert Street, Suite 2700, Baltimore, MD 21202-6174
112 West Street, Annapolis, MD 21401
PO Box 1907, Ellicott City, MD 21041
2330 West Joppa Road, Foxleigh Bldg, Suite 185, Lutherville, MD 21093-4609
6914A Holabird Avenue, Baltimore, MD 21222
1501 Sulgrave Ave, Suite 311, Baltimore, MD 21209
1122 Kenilworth Dr, Suite 507, Towson, MD 21204
23 West St, First Floor, Annapolis, MD 21401
5 S Front St, Baltimore, MD 21202
800 Abruzzi Dr, Suite C, Chester, MD 21619
1520 Jabez Run Road, Suite 300, Millersville, MD 21108
101 E. Chesapeake Avenue, 5th Floor, Towson, MD 21286
2850 Quarry Lake Dr, Baltimore, MD 21209
11403 Cronridge Dr, Suite 230, Owings Mills, MD 21117
5300 Dorsey Hall Drive, Suite 107, Ellicott City, MD 21042
Laurel Trust & Estate Information
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What Is Estate Planning?
Estate planning is the process through which you make known your wishes for what you want to happen to your assets upon your death (commonly done through a last will and testament). Estate planning also involves stating your wishes for your health care through power of attorney declarations and advanced directives. In short, it allows you to maintain control of your health care and estate.
How Much Does Estate Planning Cost?
There are do-it-yourself documents available online that allow you to create your own will, advance directive, and power of attorney declaration. Going this route will be cheaper than using an attorney in the present. However, it is good to work on an estate plan with your attorney to ensure you are going through the process correctly and addressing details you haven’t thought of. If you are worried about cost, you can discuss that with attorneys at your initial consultations as you shop around.
What Estate Planning Documents Do You Need?
Every estate plan should include a last will and testament or establish a trust. This will allow you to state how you wish to distribute your assets to beneficiaries upon your death. A power of attorney declaration will name someone you trust to handle your health care and/or financial decisions if you are ever unable to. An advanced directive (also known as a living will) will state your wishes for any care you want to receive if you are unable to make those decisions at the time. This is useful when it comes to end-of-life care or if you ever need life-saving care because of an accident or illness.
Who Needs Estate Planning?
Everyone needs estate planning, and if you are 18, it is never too early to start thinking about your plan! While we all want to live a long, full life, accidents and illnesses happen. And having a plan in place will go a long way in protecting your wishes.