Best Private Client Lawyers in Towson

About Private Client Law in Towson, United States

Private Client law in Towson, Maryland, covers a wide array of legal matters that directly impact individuals and families. These matters typically revolve around estate planning, trusts, wills, probate, guardianships, philanthropy, elder law, and asset protection. Attorneys specializing in this area work to preserve and manage the personal, financial, and business interests of their clients. In Towson, part of Baltimore County, private client lawyers help both residents and non-residents navigate the evolving combination of federal and state laws that affect personal wealth, legacy planning, and family matters.

Why You May Need a Lawyer

There are several common situations where working with a private client lawyer in Towson becomes essential:

• Preparing or updating a will to ensure your assets are distributed according to your wishes
• Establishing a trust, such as a revocable living trust or special needs trust, for asset management and tax benefits
• Guiding the family through the probate process after a loved one passes away
• Planning for incapacity through durable powers of attorney or healthcare directives
• Advising on tax and gift strategies to minimize state and federal taxes
• Setting up guardianships or conservatorships for minor children or incapacitated adults
• Addressing elder law issues, including Medicaid and long-term care planning

A lawyer ensures that documents are legally valid, tailored to Maryland law, and that your wishes are fully respected and enforceable.

Local Laws Overview

Maryland has distinct laws and procedures relevant to private client legal matters. Notable aspects in Towson and Baltimore County include:

• Wills: Must be in writing, signed by the testator, and witnessed by at least two people who are not beneficiaries.
• Probate: Most estates must go through probate in the Orphans' Court of Baltimore County. Maryland offers simplified procedures for "small estates" under a specified dollar threshold.
• Trusts: Maryland law recognizes various types of trusts. Trusts must comply with both state trust code provisions and federal requirements depending on their type and purpose.
• Inheritance Tax: Maryland imposes both an inheritance tax and an estate tax, with exemptions and rates varying by beneficiary relationship and estate size.
• Powers of Attorney: Maryland's statutory form is widely used but not required. Proper notarization and witnesses are crucial.
• Advance Medical Directives: Maryland permits directives concerning medical treatment and appointment of health care agents.
• Guardianship: The Baltimore County Circuit Court oversees appointments, ensuring ongoing protection for vulnerable individuals.

Local courts, including the Orphans' Court and Circuit Court, play vital roles in probate, guardianship, and related proceedings.

Frequently Asked Questions

What is the difference between a will and a trust in Maryland?

A will provides instructions for distributing assets after death and must go through probate. A trust allows you to transfer property outside of probate and can include provisions for managing assets during your lifetime and after.

Do all estates in Towson have to go through probate?

Most estates must go through probate, but Maryland offers simplified procedures for small estates. Certain assets that pass by beneficiary designation or joint ownership may not require probate.

How can I avoid Maryland inheritance taxes?

Careful planning with a private client lawyer can help minimize or avoid taxes, often by gifting assets, using trusts, or structuring inheritances to exempt beneficiaries, such as spouses or children.

What happens if someone dies without a will in Towson?

Maryland's intestacy laws determine how assets are distributed, usually favoring spouses, children, or next of kin. The Orphans' Court appoints a personal representative to manage the estate.

Are handwritten wills valid in Maryland?

Handwritten wills, also known as holographic wills, are generally valid in Maryland if properly witnessed, but they can pose challenges in court. Typed and properly executed wills are recommended.

How do I appoint a guardian for my minor children?

You can nominate a guardian in your will. The court, however, has the final authority and will consider your wishes when making an appointment.

When should I update my estate plan?

You should review and update your estate plan after major life events such as marriage, divorce, birth or adoption of a child, significant financial changes, or changes in state or federal law.

What is Maryland's stance on advance medical directives?

Maryland honors advance directives for medical care, allowing you to appoint a healthcare agent and outline your preferences for end-of-life treatment.

Can a non-resident serve as personal representative of an estate?

Non-residents may serve if related to the deceased or if they appoint a resident agent in Maryland. The court must approve any appointment.

Who oversees probate and estate matters in Towson?

The Orphans' Court of Baltimore County oversees probate proceedings, appointment of personal representatives, and disputes regarding wills and estates.

Additional Resources

For more information about private client matters in Towson, Maryland, consider the following resources:

• Maryland Orphans' Court for Baltimore County
• Maryland Register of Wills
• Maryland Attorney General - Consumer Protection Division
• Maryland Department of Aging
• Baltimore County Bar Association
• Maryland State Law Library

These organizations offer guidance, forms, and additional information relevant to estate planning, probate, and guardianship.

Next Steps

If you need legal assistance for private client matters in Towson:

• Identify your specific needs, such as drafting a will, establishing a trust, probate administration, or guardianship
• Gather any relevant documents, such as previous wills, deeds, account information, or family records
• Consult local bar association directories or ask for referrals to find an experienced private client attorney in the Towson area
• Schedule a consultation to discuss your goals and receive a clear explanation of your options under Maryland law
• Carefully review any legal documents and make sure you fully understand their implications before signing
• Ask questions about ongoing responsibilities, costs, and steps involved in your matter

By engaging a skilled lawyer, you can help protect your assets, support your loved ones, and ensure your wishes are respected, now and in the future.