Recent statistics indicate that many Americans are not planning their estates. And while there may be understandable reasons why estate planning is not a priority for you right now ? the unstable economy, savings evaporated in market losses, children and parents you are supporting ? those reasons actually makes it more important now than ever.
Even in troubled financial times, there are two major reasons you should be making an estate plan, and they?re not complicated:
Protect your assets: even if you have a fraction of what you had five years ago, you need to discuss with a Maryland estate planning lawyer what you can do to protect what you still have.
Save yourself from creditor harassment: if you have assets in a trust or other sheltering vehicle, you can foreclose on a home and not worry about losing what is protected within your estate in offshore and most domestic trusts?but you won?t know if you qualify for this if you don?t discuss it with your Maryland asset protection attorney.
If you?re not protecting your assets, they are vulnerable and can easily become the prey of predatory lenders and creditors.
An experienced Maryland estate planning attorney can help you understand all your options for estate planning.? Experienced Estate Planning Attorneys Linda T. Cox and Seth B. Zirkle can discuss all your options and create a plan with you.? Call Ms Cox or Mr. Zirkle at Hyatt & Weber, P.A. today at 410-505-4553.
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